News by theedgemarkets.com

The airports operator said the airports nationwide have a total of 808 commercial outlets, of which 70% have been tendered out previously and a majority of it have been awarded.

In a filing with Bursa Malaysia on Tuesday (Dec 14), the construction and property group said its subsidiary Ireka Development (Terengganu) Sdn Bhd (IDTSB) has accepted a letter of award (LoA) by Koperasi Permodalan Sahabat Terengganu Bhd (KOSAHABAT) to develop the project in Kampung Baru Kuala Abang, Mukim Kuala Abang, Dungun district, Terengganu.

According to a statement on Tuesday (Dec 14), ALAIA Titiwangsa was launched on Dec 11 and 12, in conjunction with the signing of the sale and purchase agreements.

In an article slated to appear in the Dec 31, 2021 issue of Forbes Asia, the magazine keeps the list to a select group of 15.

The engineering solutions provider was responding to a query from Bursa Securities about a news report by The Edge on Friday (Dec 10), which quoted the Malaysian Rating Corp Bhd (MARC), that Serba Dinamik's subsidiary had defaulted on the the latter's US$7 million (about RM29.53 million) semi-annual coupon payment on the outstanding senior Islamic bond.

In the joint statement issued on Monday (Dec 13) by Master Builders Association Malaysia, Real Estate and Housing Developers’ Association Malaysia, Persatuan Kontraktor Melayu Malaysia, Persatuan Kontraktor Bumiputera Malaysia, Guild of Bumiputera Contractors Wibawa, the United Malaysia Contractors Association and Pesatuan Kontraktor India Malaysia, the representatives of the sector said the hike of building material prices have resulted in a 13% to 20% increase in construction cost.

The MTN programme has an 11-year tenure. Impian Ekspresi, the private vehicle of Tan Sri Desmond Lim, is owner and developer of the 9.58 acres Pavilion Damansara Heights project that is crafted by Lim's Pavilion Group.

According to Sime Darby Property group managing director Datuk Azmir Merican in a statement on Dec 10, the response to the company's industrial products launched this year has been encouraging.

According to its draft initial public offering (IPO) prospectus posted on the Securities Commission Malaysia’s website, 800 million new shares will be issued — representing about 25% of its enlarged issued share capital — of which 200 million shares will be made available for application by the Malaysian public.

In a bourse filing, KTB said the contract, secured via its wholly-owned unit Transnational Builder Sdn Bhd, involves piling, building works, internal and external infrastructure works for the shophouses at PT10687, Mukim of Bidor, Daerah Batang Padang.