News by Chen Shaua Fui

Central bank says first-time homeowners continue to have access to financing.

Affin Hwang said Gamuda's construction order book had increased to RM8.2 billion after including the RM7.7 billion portion from the MRT Line 2 underground work contract.

“Following the disposal, SMSI has ceased to be an indirect subsidiary of Sime Darby.”

The eight highways that are entitled to raise their toll rates from Jan 1 this year are: the North-South Expressway, Linkedua, Kesas, Elite, Lebuhraya Damansara-Puchong, Butterworth-Kulim Expressway, Seremban-Port Dickson Highway and the New North Klang Straits Bypass Expressway.

It has decided to venture into property development via a joint venture with landowner Goldpeace Corp Sdn Bhd.

KCB, which is principally engaged in property development and construction activities, as well as leisure and tourism in Sabah, including hotel resort and golf course, has gained 22.22% year-to-date.

“The total development cost is estimated to be RM180.69 million with an expected gross profit of RM40.12 million.”

Econpile said its wholly-owned subsidiary Econpile (M) Sdn Bhd (EMSB) had received a letter of award dated May 31 from Oxley Rising Sdn Bhd for the proposed project, which features hotels, branded residences, offices and retail units.

Protests by environmental groups against the East Klang Valley Expressway (EKVE) project have not disrupted the construction work which is progressing according to schedule, said the project’s concessionaire Ahmad Zaki Resources Bhd (AZRB).

Sprawling 4.55 acres (1.84ha) of land in the exclusive and affluent residential enclave of Kenny Hills, Sri Hartamas and Mont’Kiara, the Dutamas project with a gross development value (GDV) of RM482 million has been in the group’s plans since 2011. It was originally scheduled to be launched in 4Q15.