News by Sulhi Azman

The latest industry briefing on the upcoming development of the 350km-long Kuala Lumpur-Singapore High Speed Rail attracted close to 400 participants from 165 local and international and local entities, which was jointly organised by MyHSR Corp Sdn Bhd and Land Transport Authority of Singapore.

Bintai Kinden Corp Bhd has bagged a US$17.5 million (RM74.5 million) deal in Myanmar to undertake air-conditioning and fire protection installation work.

Currently, MRCB's orderbook stood at RM7.04 billion, of which RM5.36 billion has yet to be billed. 

JKG said two units of the apartments were sold to Datuk Seri Tan Han Chuan for RM1.5 million and one to Datin Tan Ching Ching for RM873,000. They are both children of the group's chairman and major shareholder Tan Sri Tan Hua Choon.

MRCB's tie-up with EPF will help reduce the conglomerate's burden of having to finance the entire Bukit Jalil project here by itself.

Fund will invest RM1.14 bil in JV that owns 76 acres of land.

Zelan Bhd is still recovering from the pain of the aborted development of the US$250 million (RM1.06 billion) Meena Plaza in Abu Dhabi, United Arab Emirates, in 2015.

Malaysia Building Society Bhd’s (MBSB) net profit in the first quarter ended March 31, 2017 (1QFY17) nearly tripled to RM101.32 million from RM34.84 million a year ago, thanks to higher gross loans and lower cost of funds.

Landmarks Bhd, a 30.3% associate of Genting Bhd, narrowed its net loss to RM3.35 million or 0.7 sen loss per share in the first quarter ended March 31, 2017 (1QFY17), from RM6.59 million or 1.37 sen loss per share a year ago, on improved performance of its hospitality and wellness, and resort and destination development divisions.

Property developer UEM Sunrise Bhd is expecting to secure lower sales of RM1.2 billion this year, compared to the RM1.4 billion recorded last year, according to the group's managing director and chief executive officer Anwar Syahrin Abdul Ajib.