Fajarbaru forms JV with hostel management company for RM172.4m-GDV labour quarters project
The project comprises the development and construction of 672 units of centralised labour quarters on a 10.
The project comprises the development and construction of 672 units of centralised labour quarters on a 10.
Domestically, the central bank noted that following its strong outturn in the first quarter of the year, the local economy has since expanded at a more moderate pace as exports were weighed down by slower external demand in line with expectations.
The firm’s director of research Sulaiman Saheh highlighted that there were 89,179 transactions worth RM42.
Judicial Commissioner Liza Chan Sow Keng granted the inter-partes (both parties) interim injunction.
The arbitration notice was filed in response to GDBSB’s notice of demand amounting to RM102.
In a statement on Wednesday (April 19), the construction services firm said that the purported determination is wrongful as the mandatory contractual procedures and notices prior to the determination have not been complied with.
The notes were part of an IMTN programme which along with an Islamic commercial papers programme have a combined aggregate limit of up to RM4 billion in nominal value.
According to AIBIM, financial institutions are required to stop imposing fees on housing loan and home financing documents to lawyers from Feb 1 this year as part of the standardisation exercise.
Looking ahead, Fitch Solutions expects the fading of base effects and pent-up demand, tighter credit conditions, and a weakening global growth outlook to pose significant growth headwinds.
They include acquisition of land banks and companies, investments, project development and infrastructure costs, capital and general expenditures, as well as refinancing of Islamic financing and outstanding loan facilities.