Ikhmas Jaya bags two subcontract jobs worth RM75.3m
It has secured two subcontract jobs for the Setiawangsa–Pantai Expressway (SPE or better known as DUKE Phase 3) with a combined value of RM75.3 million, from Knusford Construction Sdn Bhd.
Three sets of monorail trains to be delivered by Aug 16, says transport minister
Loke said the three sets of trains will start to operate immediately after being delivered to Prasarana Malaysia Bhd.
Malaysia 2019 retail sales growth revised upwards to 4.9%
Retail Group Malaysia wrote in its latest retail industry report that for the first quarter, the industry achieved better-than-expected growth of 3.8% in retail sales compared to a year earlier.
IJM Corp 4Q profit jumps 13 times as infrastructure division returns to black
The jump in net profit is attributed to improved contributions from its local tolls and port concessions, with its investment in a toll concession in Argentina also boosting the division.
ARB bags RM18m job for proposed IoT lifestyle development in Perak
In a stock exchange filing, ARB said its indirect wholly-owned unit Arbiot Sdn Bhd and IJV Ventures Sdn Bhd have inked a business contract to carry out the project.
JAKS files defence, counterclaim against Star Media
In a filing with Bursa Malaysia yesterday, JAKS said the next case management at the High Court here is fixed on June 17.
Desmond Lim and Qatar Investment Authority pump in RM684m to help develop Pavilion Bukit Jalil Mall
Under the fund-raising exercise, Malton’s controlling shareholder Tan Sri Desmond Lim Siew Choon and Qatar Investment Authority will inject fresh capital of RM277.25 million and RM406.7 million respectively through subscription of redeemable preference shares (RPS) in Regal Path Sdn Bhd, which will acquire a 49% stake in Pavilion Bukit Jalil Mall from Malton.
OSK posts stronger 1Q on higher property, financial services contributions
The stronger profit was mainly due to higher contributions from two segments — property, and financial services and investment holdings — which offset lower contributions from its construction, industries and hospitality segments, it said in a stock exchange filing.
WCT 1Q net profit climbs 8.8% to RM40.32m despite lower revenue
Quarterly revenue fell 4.66% to RM514.65 million from RM539.79 million a year ago, mainly due to lower revenue recognition from its engineering and construction segment.
S P Setia expects delayed completion for Battersea power station phase 2 and 3
The Battersea Power Station phase 2 and phase 3 projects are now targeted to be completed by 2021
