Given the hefty debt on the government's shoulders, the revived Kuala Lumpur-Singapore High-Speed Rail (KL-SG HSR) project is expected to be fully funded and driven by the private sector, according to MyHSR Corp Sdn Bhd.
Econpile Holdings Bhd has been awarded a contract worth RM35.09 million to undertake the substructure works for a commercial development in Subang Jaya, Selangor.
Fajarbaru Builder Group Bhd has secured a RM150.89 million contract for the building and related infrastructure works of an 18-storey serviced apartment and retail complex in Shah Alam, Selangor.
As Bank Negara Malaysia’s decision to hold the overnight policy rate at 3% came in line with consensus expectations, most economists see the central bank keeping its monetary policy stance on hold until the end of the year.
Bank Negara Malaysia (BNM) has decided to maintain its overnight policy rate (OPR) at 3%.
LBS Bina Group Bhd has partnered with a land owner to jointly undertake a RM1 billion gross development value (GDV) mixed development in Sungai Penchala, Kuala Lumpur.
Pestech instead alleged that the rail project was experiencing serious negative cashflow issues created by SPYTL, due to rear-loaded project payment milestones and a delay in SPYTL’s works.
“The project is for a period of 24 months from the date of commencement of July 1, 2023, and is expected to be completed by June 30, 2025.”
After recently diversifying into property development, office furniture maker AHB Holdings Bhd has proposed to also diversify into the trading of building materials, machineries and equipment in view of rising costs in the increasingly competitive furniture business.
Scientex Bhd's net profit rose 24.28% to RM109.78 million for the third quarter ended April 30, 2023 (3QFY2023) from RM88.33 million a year earlier, carried by the group’s property development business’ higher progress billing and robust demand for new launches.
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