News about AP

Construction sector Maintain underweight: According to The Edge Markets, East Coast Rail Link (ECRL) project owner Malaysia Rail Link Sdn Bhd (MRL) has ordered its main contractor, China Communications Construction Co Ltd (CCCC), to immediately suspend all ongoing works relating to the engineering, procurement, construction and commissioning scope of the ECRL.

KUALA LUMPUR (July 6): The new Pakatan Harapan government will continue to roll out the 1,060km-long Pan Borneo Highway (pictured) linking Sabah and Sarawak in East Malaysia, but the mega infrastructure project will be "looked into" to reduce its costs — expected at RM16 billion — said Works Minister Baru Bian.

PETALING JAYA (July 5): Those buying homes at the Malaysia Property Expo (Mapex) in Penang will be exempted from approval fees, said state executive council member Jagdeep Singh Deo.

KUALA LUMPUR (July 5): Folks would most probably would have heard of the Tabung Harapan to enable Malaysians to help the government pay off the national debt but there is also now another donation drive to collect funds for Datuk Seri Najib Razak’s (pictured) legal battle.

KUALA LUMPUR (July 4): Defence counsel Tan Sri Muhammad Shafee Abdullah said his request for a gag order on Datuk Seri Najib Razak's trial is to prevent pre-judgement of the case.

KUALA LUMPUR (July 3): Selangor Dredging Bhd (SDB) announced yesterday its associate company plans to buy 17 parcels of adjacent properties in the prime District 13 in Singapore for S$60.

KUALA LUMPUR (July 2): Sime Darby Property Bhd and MMC Corp Bhd’s RM200 billion Pulau Carey port project is unlikely to proceed, given the Pakatan Harapan government’s austerity drive and review of mega projects, said CIMB Research analyst Raymond Yap.

KUALA LUMPUR (July 2): Developer Titijaya Land Bhd may have achieved a marginally stronger performance in its first nine months of the 2018 financial year (FY18), but the group is not expecting its earnings to improve by much for the full year, due to the prevailing weak buying sentiment, according to deputy group managing director Lim Poh Yit.

KUALA LUMPUR (July 2): Construction company Bina Puri Holdings Bhd is hoping to sustain last year’s financial performance at the very least, given that the property market remains tepid, while drastic cost cuts by the new Pakatan Harapan government have derailed several key projects.

PETALING JAYA (July 1): Hong Kong’s red-hot property market has driven away fears of hongza – “haunted” apartments where tragic deaths took place – as buyers seek cheaper deals amid escalating prices and punishing taxation meant to curb price growth, reported Reuters.