Encorp sues contractor over delays and subpar work
KUALA LUMPUR (April 11): A unit of property developer Encorp Bhd has filed a lawsuit against its contractor to claim for liquidated damages of RM24.
TTDI RA against redevelopment regardless of land status
KUALA LUMPUR (April 11): TTDI Residents’ Association (RA) stood firm on their decision to oppose the redevelopment of Tadika Diyana even after discovering that the land occupied by the institution carries commercial status, on concerns that it will reduce the community’s quality of living.
East-coast’s GDP expected to rise 1.5% with ECRL
KUALA LUMPUR (April 11): The construction of the high-impact East Coast Rail Link (ECRL) in Kelantan is progressing slightly ahead of schedule, according to Malaysia Rail Link Sdn Bhd (MRL) which is optimistic of the economic spin-offs that the connection will bring to the region.
MRCB-Quill REIT unfazed by office space oversupply
KUALA LUMPUR (April 11): MRCB-Quill REIT (MQREIT) is confident of maintaining its performance at a desirable level despite facing oversupply issues in the office space market.
UK new homes shrink to 1940s housing sizes
PETALING JAYA (April 11): The UK’s new home sizes have contracted to levels seen during 80 years ago, underscoring growing concerns over small homes that lie at the heart of the country’s housing crisis, reported the South China Morning Post.
Ikhmas Jaya’s new contract wins within expectations
Ikhmas Jaya Group Bhd (April 10, 39 sen) Upgrade to buy with an unchanged target price (TP) of 55 sen: Ikhmas Jaya Group Bhd has received a letter of award of RM58.
YFG bags RM55m job to build homes under armed forces housing scheme
KUALA LUMPUR (April 11): YFG Bhd has bagged an RM55 million contract to build 418 units of one-storey houses for the Angkatan Tentera Malaysia Negeri Sembilan housing scheme in Tampin, Negeri Sembilan.
Yong Tai to raise up to RM1b via sukuk
KUALA LUMPUR (April 11): Yong Tai Bhd has established a sukuk or Islamic Medium Term Note Programme of RM1 billion in nominal value to finance its investment activities, capital expenditure and working capital requirements.
Versatile Creative scraps plans for RM110m GDV project in Johor
KUALA LUMPUR (April 11): Versatile Creative Bhd has scrapped plans to develop medium-cost apartments in Johor Bahru, estimated to have a gross development value (GDV) of RM110 million.
Grand-Flo to go into construction
KUALA LUMPUR (April 11): Home-grown tracking solutions provider Grand-Flo Bhd is buying the remaining 49.
