Last Friday it was announced on Bursa Malaysia that IJM had accepted the Letter of Award for the construction of the Besraya Elevated Expressway (BEE) for a fixed price lump sum of RM600 million. Construction period for the job is 36 months.
M-REIT is due for a re-rating, especially commercial REITs which are under-priced vis-à-vis prices transacted in the secondary (physical) market. A re-rating will also be spurred by the impending listing of three mega REITs with combined assets of up to RM8 billion, which will add to the depth and liquidity of the sector.
What usually comes to mind when one mentions Ipoh are the lovely limestone hills, the serene feel to the town and of course, great food. Just about a two-hour drive from Kuala Lumpur, it is becoming a popular spot for city folk to escape the hustle and bustle, especially on the weekends.
Q&A with Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim
The framework of participation of the three companies chosen by the Selangor government to rehabilitate and develop the Klang River will be determined by the Public Private Partnership Task Force for the project, chaired by Menteri Besar Tan Sri Abdul Khalid Ibrahim.