News about ST

Sapura Energy Bhd (Sept 25, 44 sen) Maintain trading buy with an unchanged target price (TP) of 81 sen: Sapura Energy Bhd announced that it had been awarded multiple contracts in four different countries — Malaysia, Australia, Brunei and Nigeria — with a combined value of about RM815 million.

KUALA LUMPUR (September 26): Pestech International Bhd has bagged a RM399 million sub-contract from Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd to undertake engineering, procurement, construction and maintenance works relating to the electrification system for the electrified double track from Gemas to Johor Baru.

KUALA LUMPUR (Sept 25): Just a day after announcing that employers would only have to pay 20% of the RM10,000 levy for each foreign worker, Finance Minister Lim Guan Eng today did an about-turn and said employers will have to continue to pay the levy in full.

PETALING JAYA (September 25): An access ramp that goes through the residential neighbourhood of Taman Ukay Bistari in Ampang will be opened despite protests.

KUALA LUMPUR (September 25): Despite reports by property consultancies and real estate agents that say house prices will pick up in the second half of 2019, Rehda Institute chairman Datuk Jeffrey Ng Tiong Lip considers it unlikely.

PETALING JAYA (Sept 24): The Merdeka PNB118 skyscraper coming up near Stadium Negara here will become an alternative location to Kuala Lumpur City Centre (KLCC), said its developer PNB Merdeka Ventures Sdn Bhd.

KUALA LUMPUR (Sept 24): Reiterating Prime Minister Tun Dr Mahathir Mohamad's stance, Finance Minister Lim Guan Eng emphasised that while Malaysia welcomed all foreign property investors, it was opposed to the construction of townships exclusively for foreigners.

KUALA LUMPUR (Sept 24): Finance Minister Lim Guan Eng has urged developers to lower prices of homes as construction materials and services are exempted from the Sales and Service Tax (SST), or the government will review the waiver.

KUALA LUMPUR (Sept 24): To ease the burden of developers and bring down home prices, skilled foreign labour applying to extend their employment tenure need only pay 80% of the annual RM10,000 levy on foreign workers, said Finance Minister Lim Guan Eng today.

PETALING JAYA (Sept 24): The government will continue to compensate highway concessionaires for not raising their toll fares as it seeks to fulfill its election promise of abolishing tolls, said special officer to the Finance Minister Tony Pua.