The government has offered Gamuda’s 60%-owned SRS Consortium Sdn Bhd civil works contracts on the first segment of the Penang Light Rail Transit (Penang LRT) and hopes to conclude talks with the company within six months.

Gamuda Bhd’s net profit rose 7.29% to RM208.8 million in the second quarter ended Jan 31, 2024 (2QFY2024) from RM194.62 million a year earlier, on the back of higher revenue from its overseas projects.

CIMB Securities Sdn Bhd said that tender activities for Phase 1B of Sabah Pan Borneo Highway seem to be picking up with the award of several new contracts.

The new F&B tenants are Kenangan Coffee and Long John Silver’s that are expected to open in May and July, respectively.

The MoneyX financial app, powered by Hextar Technologies Solutions Bhd (HexTech), was officially launched with a total of 43 partners last Friday (March 1).

Gamuda Land, the property arm of Gamuda Bhd, signed memorandums of understanding (MOUs) with three higher educational institutions on Feb 3 for research on environment conservation.

In a move towards the development of smart cities in Malaysia, Gamuda Land has announced a collaboration with Digital Nasional Bhd (DNB), marking a key step in enhancing 5G connectivity and infrastructure within its townships.

Advancecon Holdings Bhd announced that its wholly owned subsidiary Advancecon Infra Sdn Bhd (AISB) has bagged a RM27.3 million contract from Mujur Minat Sdn Bhd to carry out site clearing and earthworks construction (stage 1) for the Gamuda Gardens Park mixed development project in Rawang, Selangor.

RHB Investment Bank Bhd (RHB IB) has maintained its "overweight" rating of the construction sector, projecting an upswing in contract roll-outs throughout 2024.

Throughout 2023, EdgeProp has delivered numerous industry stories to ensure you stay well-versed and empowered in navigating the property landscape. Dive into the highlights below as we bid farewell to the passing year.