News by EdgeProp.my

Previously on Sept 7, CCM announced that it had entered into a sale and purchase agreement with Rock Link Sdn Bhd for the proposed disposal.

“The Penang government hereby commits to respond to all issues raised and these responses shall be forwarded to the Department of Environment."

Out of the 97 transactions, 19 were recommended to be cancelled.

The work, which should have been completed in September of this year, was delayed due to underground cables from various utility companies that needed to be relocated first, which were discovered by MBSA.

Teoh estimated that even if the ridership reached 10 million passengers per year — a stretch since the island’s population was 700,000 — the project would result in losses from the beginning.

Our top pick for the sector is Sunway REIT (Buy; TP: RM1.93) due to its positive earnings outlook. We believe its retail division will continue to spur earnings growth going forward while the office segment may rebound from its previous low. 

We expect overall margin to remain at a low in the second half (2H) as contractors may continue to be prudent in terms of margin recognition. Industry players are aiming for jobs in Sarawak as emphasis will be placed on state water and rural road projects. 

If the bid is successful, the three parties will form a joint-venture (JV) company to proceed with the projects in Sarawak, it said.

There is even crocodile laksa!

The app was created so that a monthly pass could be purchased without residents having to go to a counter.