Quarterly revenue of the furniture manufacturer fell 31.4% to RM152.43 million from RM222.17 million a year ago, due to sluggish demand for the group’s products, especially for bedroom set, dining and sofa and high level of inventory.
AME Elite Consortium Bhd’s unit will be building a new manufacturing facility in i-Park@Senai Airport City, Johor for Emhart Glass Sdn Bhd (Bucher Emhart Glass), worth RM108 million.
Tafi Industries Bhd has secured an RM11 million contract to build a theme park in Tanjong Tualang in Perak's Kinta district.
Hektar Real Estate Investment Trust (Hektar REIT) said it carried out a revaluation on six of its investment properties, resulting in a net fair value gain of RM41.6 million.
Battersea Power Station (BPS) recorded £480 million (RM2.55 billion) in new residential sales in 2022, along with a further £1.1 billion (RM5.85 billion) worth of apartments completed and handed over, as the community grew to over 2,500 residents.
Bank Negara Malaysia (BNM) has paused the key rate hike, keeping the overnight policy rate (OPR) at 2.75% at its first Monetary Policy Committee (MPC) meeting this year, bucking consensus estimate of a 25- basis-point (25bps) increase.
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.
PTT Synergy Group Bhd has proposed to acquire a piece of industrial land in Bandar Bukit Raja, Klang from Sime Darby Property Bhd for RM12.25 million.
Putrajaya MRT Line Phase 2 will be fully operational from March 2023, as the construction of the line has been completed.
The overall subcontract period is 30 months, starting from Dec 13, 2022.
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