Pasdec's rights issue with warrants oversubscribed by 7.72%
KUALA LUMPUR (July 3): Pasdec Holdings Bhd, a 37.
No decision on Pan Borneo Highway review, says new Works Minister
KUALA LUMPUR (July 3): Putrajaya has still not made a decision about reviewing the Pan Borneo Highway (pictured) project, Works Minister Baru Bian said today.
Selangor Dredging associate firm’s land buy
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.
Pasdec shares to be suspended today pending material announcement
KUALA LUMPUR (July 3): Trading of shares in Pasdec Holdings Bhd, a 37.
Sime-MMC's Pulau Carey port project might be axed on Pakatan’s austerity drive — CIMB Research
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.
Sabah wants total ban on sand mining and dredging in Keningau
KUALA LUMPUR (July 2): Sabah’s of Agriculture and Food Industry ministry wants a total and immediate ban on sand mining and dredging activities in Keningau.
FY18 to see flat profit growth despite stronger 9M — Titijaya
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.
Bina Puri hopes to sustain momentum despite property slump
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.
HK’s red-hot property market exorcises ‘haunted’ apartment phobias
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.
GLC architect remanded over investigations into RM300m projects
PETALING JAYA (July 1): An architect with a government-linked company (GLC) has been remanded for five days to assist in investigations into the awarding of tenders for RM300 million worth of construction projects, reported Bernama.
