"This is a long-term plan. The shortest distance between Melaka and Dumai is 47 kilometres," he told a press conference after the launch of Melaka Week at Expo 2020 Dubai at the Malaysia Pavilion on Monday (March 14).

CGS-CIMB analyst Ngo Siew Teng said with the declining household income due to Covid-19, higher property overhang, potential interest rate hikes, rising construction costs and absence of the Home Ownership Campaign (HOC) in 2022, she remained cautious on the overall property market as buyer sentiment could be impacted by these key headwinds.

In a research note, Maybank IB said Gamuda’s recent RM6.5 billion win in Australia reaffirms its capability, as it continues to target an even larger engineering and construction (E&C) order book size — RM20 billion by mid-2023.

In a statement on Friday (March 18), the company said it is acquiring the stake for RM104.4 million, adding that this synergistic acquisition would help the group expand its product range from building materials into high value-added safety glass products, metal roofing, metal door and window frames.

In a bourse filing on Thursday (March 17), Vizione said it has entered into a memorandum of understanding (MoU) with HWGE to explore cooperation in the potential venture.

He said this is to ensure that bacteria and viruses are not easily transmitted in an indoor environment and to have a superior air quality to address health concerns in the post-Covid-19 era. 

In a Bursa Malaysia filing on Thursday (March 17), the property developer’s quarterly revenue ticked higher by 5.14% to RM533.42 million from RM507.35 million, arising from cost savings on completed and near completion phases. 

An incubation programme, the IOI Kickstart initiative is in line with IOIPG’s passion for nurturing young talents within the communities the Group operates in, says IOIPG chief executive officer Datuk Voon Tin Yow.

The group also attributed the lower net loss to higher contributions from West Village and Yarra One, which were partially offset by lower realised and unrealised gain on foreign exchange and other income.

Sunway said Berkshire through its branch in Singapore will issue a qualifying certificate bond of S$37.1 million (approximately RM114.39 million) that is 10% of the price of the land in Yew Siang Road, Singapore acquired by Hoi Hup Sunway Kent Ridge Pte Ltd (HHSKR), an associate company of Sunway, in favour of Singapore Land Authority (LDAU)