News by Justin Lim

In a filing with Bursa Malaysia, the company said its unit — BMSB has received a letter of award from Melati Ehsan (M) Sdn Bhd (MEMSB) on the appointment of it to be the main contractor for project.

According to the report, the new measurement for crime index is based on the number of reported index crime cases and should not exceed the threshold of 342 cases per 100,000 population by 2020. The new target, which sets the baseline at 352 cases per 100,000 population in 2016, will take into account population increase, in line with international practice.

The review said the focus will be given priority to the people-centric projects. With that, over 4,000 ongoing projects will still be continued across the nation including the building of affordable houses, schools, hospitals and roads.

The National Affordable Housing Council will be established to oversee the implementation of affordable houses nationwide.

In a filing to Bursa Malaysia yesterday, Serba Dinamik said, OHP Ventures has a joint development agreement with Thavone Athsamouth, to develop, finance, construct, commission and operate and maintain two mini hydro installations with an aggregate capacity of 30 megawatts in Houaphan, Laos.

ERL chief executive officer Noormah Mohd Noor said the partnership enhances ERL's efforts at widening its distribution channel.

M Aruna is the first pilot project by Mah Sing that adopts the industrialised building system (IBS) precast technology.

The proposed acquisition is consistent with its growth plan to continue expanding its landbank, when good business opportunities arise, the group said.

The upside risk, according to one research house, for WCT is more job wins, while the downside risks are weaker sales and further delays in the group’s real estate investment trust plans.

In a filing with Bursa Malaysia yesterday, Tropicana said it has entered into a conditional share sale agreement with Chee Sing and his children to acquire a 50.1% stake in Peluang Duta Sdn Bhd, whose 70%-owned subsidiary T Sanctuary Development Sdn Bhd owns two plots of leasehold land totalling 329.1 acres in Johor, for RM49.05 million.