News by theedgemarkets.com

Strained by worker shortage, hoteliers want to be included in the five critical sectors for which the government is helping to speed up the hiring of foreign workers by processing and approving their applications within three working days.

Binasat Communications Bhd’s unit has secured an RM18.36 million subcontract work to build a large scale solar photovoltaic facility in Selangor for Fabulous Sunview Sdn Bhd, a wholly-owned unit of newly-listed Sunview Group Bhd.

Reservoir Link Energy Bhd said its unit has clinched an engineering, procurement, construction and commissioning (EPCC) project from Solarvest Holding Bhd for an expected value of RM16.6 million upon completion.

KIP Real Estate Investment Trust’s (KIP REIT) net property income rose 5.35% to  RM15.15 million for the second quarter ended Dec 31, 2022 (2QFY2023), from RM14.38 million a year earlier, contributed by 18 days of lease income from its three newly acquired industrial properties in Pulau Indah.

Sunway Construction Group Bhd (SunCon) has won a RM218.76 million contract to build a 50 MW photovoltaic plant in Kampar district in Perak.

Johor Corporation (JCorp), via its property arm JLand Group Sdn Bhd (JLG), has announced in a press release on Tuesday (Jan 17), JLand’s core businesses encompassing four strategic business pillars, namely real estate development, asset lifecycle management, real estate investment, and infrastructure and utilities.

MCT announced that the group has successfully launched four projects in 2022.

Standard Chartered (StanChart) expects Bank Negara Malaysia (BNM) to increase the overnight policy rate (OPR) by 25 basis points to 3.0% during its monetary policy meeting this coming Thursday, reversing the Covid-induced rate cuts.

This is despite some investment analysts seeing an increase in the overhang of both residential and commercial properties, although the home price index has begun to soften in 2022.

The 61-year-old was redesignated as MD in May 2019, two months after the demise of his elder brother Koh Seng Kar @ Koh Hai Siew, who founded the group in the 1980s.