News by Supriya Surendran

Koong Wai Seng has been appointed as the new chief executive officer (CEO) of property developer Sunsuria Bhd, with effect from today.

The JV company will be a 50:50 venture between TWPSB and KHPL.

Sunway REIT said retail and hotel segments were its main contributors in 9MFY16, further supported by new income contribution from Sunway Putra Mall following its reopening in May 2015, and Sunway Hotel Georgetown and Wisma Sunway, which were acquired in January 2015 and March 2015 respectively.

Fund confirms purchase but denies properties to be new site for wholesale market.

Gamuda Bhd, which is involved in construction and property as well as water concessions, saw a 12% drop in net profit in its second financial quarter ended Jan 31, 2016 (2QFY16) to RM160.11 million, from RM182.18 million a year ago.

Total Sports Asia said its role is to develop new commercial opportunities, including name rights to KL Sports City, and the individual venues, including the National Stadium and Putra Stadium.

TSR Capital Bhd's wholly-owned subsidiary TSR Bina Sdn Bhd has bagged construction jobs worth RM268.9 million from Kwasa Land Sdn Bhd.

Sime Darby Property Bhd, the property arm of Sime Darby Bhd, announced its collaboration with Tan Sri Halim Saad’s KYS Education Group to establish the KYS International School within the KL East development here.

Lim: We have open, competitive tenders. We also carry out public consultations before we give the final approval and there are environmental safeguards.

The massive RM27 billion Penang Transport Master Plan is seen as a reservoir of infrastructure works for local and foreign companies in the next 15 years, at least.