Construction sector
Maintain overweight: The award of the Semantan intake and pumping station works is a positive indication that works are rolling in, albeit after a long wait of 13 months. We believe the award for other upstream packages will follow.

KUALA LUMPUR: Dijaya Corporation Bhd has aborted its plan to acquire the remaining 75% of a Mongolian property development holding company, Transglobal Ltd (TGL), and instead is selling a 25% stake it already owned in the latter.

KUALA LUMPUR: Sime Darby Property Bhd has been selected as the inaugural recipient of Frost & Sullivan's 2010 Malaysia Green Builder of the Year Award for its best practices in the industry.

KUALA LUMPUR: One of Datuk Wira Chor Chee Heung’s top priority as the new Housing & Local Government (KPKT) Minister is to reduce public complaints against the Ministry and agencies under its purview.

KUALA LUMPUR: RAM Ratings has reaffirmed the enhanced AAA(bg)/P1(bg) ratings of E&O Property (Penang) Sdn Bhd (EOPP)'s RM350 million Bank-Guaranteed Commercial Papers/Medium-Term Notes Programme (CP/MTN).

"The long-term rating has a stable outlook," the rating agency said in a statement on June 7.

KUALA LUMPUR: techpark@enstek, a 209.6ha technological hub development in Bandar Enstek, Sepang, on June 7 received the HALMAS certification, which is a special status reserved for halal parks.

LANGKAWI: Langkawi is facing shortage of rooms to meet rising number of local and foreign tourists, particularly during school holidays and international events like Langkawi International Maritime Exhibition (Lima).

KUALA LUMPUR: Seven states have achieved nearly 100% in the registration of land transfers within one working day, since streamlined procedures were introduced early this year.

HONG KONG: Amid a tightening credit crunch and a sharp decline in property sales, mainland developers are now being hit by the taxman.

The State Administration of Taxation on Thursday, June 3, ordered property companies to hold more funds for the prepayment of land appreciation tax.