News by theedgemarkets.com

The contract is to design and build a water pumping station, and water pumping mains to the existing Bukit Lipat Kajang reservoirs, distribution and associated works (Package 2), the company said in a bourse filing.

The revised outlook is based on the weakening in IOI Properties’ debt metrics due to the swell in borrowings to an expected RM157.7 billion from RM11 billion as at end-June 2021 (FY21), said MARC analysts Lim Wooi Loon, Umar Abdul Aziz and Taufiq Kamal in a statement.

In a filing with Bursa Malaysia, Country Heights said it has entered into a memorandum of the contract with the licensed auctioneer, Ng Chan Mau & Co Sdn Bhd, pursuant to the successful bid to acquire the property from Mines Resort Sdn Bhd.

The group said it is acquiring the stake in Space Alliance Contracts Sdn Bhd to tap into the renovation industry.

NUR Power, which is the exclusive power utility firm for KHTP, will be providing solar energy of 25mw in 2023, and up to 75mw by 2026 to AT&S through a 21-year power purchase agreement (PPA), the companies said in a joint statement

The contract is for the construction of 203 units of terrace houses for phase 1C-1 of Gamuda’s township in southern Klang Valley, Gamuda Cove, Inta Bina said in a bourse filing.

Eco World Development Bhd (EcoWorld)’s net profit dropped 42.72% to RM42.84 million for the fourth quarter ended Oct 31, 2021 (4QFY21), from RM72.27 million a year ago, on lower contribution from its Malaysian joint ventures (JVs) and its international arm Eco World International Bhd (EWI) due to the lockdown.

The group said this was mainly due to share of losses in joint ventures, and higher finance cost following cessation of capitalisation of finance cost on general borrowings in tandem with the handover of apartment units in Yarra One in Melbourne.

“To upskill and improve the digital marketing capability of property developers (marketing and sales teams), Rehda Institute will look into developing a suitable DMTI through a certification programme in 2022 partnering with relevant universities and other partners.

At a joint press conference by Rehda and Rehda Institute on Thursday (Dec 16) titled "Current issues facing the marketing and sales of properties in Malaysia", he said: "In 2022, we still wouldn't be back to that level. So, given that the economic scenario is challenging, one of our major requests is to extend the Home Ownership Campaign (HOC), so that economic growth can continue and the sector can be supported in the coming year.