MOT wants KLIA’s aerotrain project completed by end-2024
“The project is ongoing right now, the contract has been renegotiated and it has been settled."
Malaysia unlikely to slash rates in 2024, offering positive counterweight over low interest rate narrative — MARC
This presents a “positive counterweight narrative to Malaysia’s comparatively low interest rates” when compared to median interest rates of 9.25% in the Americas, 5.25% in Europe, the Middle East and Africa, and 3.5% in the Asia Pacific.
Eversendai says unable to give value breakdown on RM5.4b projects due to NDAs
Eversendai Corp Bhd, which announced last week that it had secured four new projects worth an aggregate RM5.4 billion, said it is unable to provide a value breakdown of the projects due to non-disclosure agreements (NDAs).
PAM's architects advocate Urban Redevelopment Act by govt
The Malaysian Institute of Architects (PAM) has expressed its support towards the Ministry of Housing and Local Government’s initiative to introduce the Urban Redevelopment Act.
Fajarbaru clinches RM11m contract for RMAF Butterworth base redevelopment
Fajarbaru Builder Group Bhd has been awarded a minor works contract worth RM11.04 million for the partial delivery phase (early works) of redeveloping military facilities at the Royal Malaysian Air Force (RMAF) base in Butterworth, Penang.
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.
