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.

UEM Sunrise Bhd recently embarked on a strategic partnership with Intermedika Co Ltd “to elevate a variety of its property developments by incorporating… innovative lifestyle elements, which primarily enhances… residential and commercial business models”, stated the company in a media release.

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 Bhd has secured a contract worth RM369.95 million to undertake construction and completion of main building works and infrastructure projects.

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.

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.

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.

Polygon Properties revamped its business model with the launch of Polygon 3.0, which introduced the company’s new Strategy Core 5, and Polygon One App at the agency’s recent seventh anniversary celebration.  

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.

Energy infrastructure and marine services provider Coastal Contracts Bhd has ventured into the tourism industry by acquiring an 82% equity interest in a company undertaking an overwater resort in Sabah for RM18.98 million.