Binastra Corp bags RM369.95m construction job
Binastra Corp Bhd has secured a contract worth RM369.95 million to undertake construction and completion of main building works and infrastructure projects.
Kwasa Land partners Impiana to develop RM1.5 bil residential project in Kwasa Damansara
Kwasa Land Sdn Bhd, a wholly owned subsidiary of Employees Provident Fund (EPF) and master developer of Kwasa Damansara, has announced a partnership with Impiana Land & Development Sdn Bhd (Impiana) to develop 47 acres of residential development called Serene Kwasa Damansara in Kwasa Damansara.
MBAM urges govt for tax exemptions on intragroup services within logistics services
Master Builders Association Malaysia (MBAM) urges the government to provide tax exemptions for intragroup services in logistics and maintenance and repair services, and not only for the same taxable services under the logistics services. Intragroup services are any services provided by related companies, and these services should be tax exempted.
Coastal Contracts’ shares dip on scepticism over Pulau Mabul resort venture
Shares of Coastal Contracts Bhd shed as much as 4.94% or eight sen to RM1.54 in early trade, amid scepticism towards its foray into tourism through the acquisition of a resort project in Pulau Mabul, Sabah.
Econpile climbs to near three-year high as analysts expect more contract wins
Econpile Holdings Bhd climbed to its highest in nearly three years on Friday as analysts urge investors to buy more of the piling company’s stock following its latest contract win.
Coastal Contracts acquires 82% stake in developer of overwater resort in Sabah
Energy infrastructure and marine services provider Coastal Contracts Bhd has ventured into the tourism industry by acquiring an 82% equity interest in a company undertaking an overwater resort in Sabah for RM18.98 million.
INFINITY8 to open its first coworking space in north Malaysia in 3Q2024
Coworking space provider INFINITY8 will be opening its latest outlet in Penang in the third quarter this year. This roughly 25,000 sq ft space will be located within a 150-year-old building and will be its first outlet in the northern part of Peninsular Malaysia.
Econpile bags RM83 mil contract for earthwork-related jobs
Piling and foundation specialists Econpile Holdings Bhd has secured a contract worth RM83 million to undertake the sub-contract works consisting of earthworks, retaining structure, piling, and road deck and ancillary works, among others.
CTOS seeks stay of execution of High Court’s judgement over inaccurate credit rating
CTOS Digital Bhd on Thursday said its wholly owned unit CTOS Data Systems Sdn Bhd (CDS) has applied for a stay of execution of a High Court judgement after CDS was ordered to pay damages to its client over inaccurate negative credit rating.
Rehda defends urban development law, says it is not for developers to seize land for profit
The Real Estate and Housing Developers’ Association (Rehda) Malaysia has defended the proposed Urban Redevelopment Act, which is currently being drafted by the Ministry of Housing and Local Government (KPKT), saying it is not to enable property developers to seize land for profit.
