News about ST

Fajarbaru said the work is scheduled to begin on April 11 and will span nine months, with completion expected by Jan 10, 2026.

The proposed disposal is expected to generate a gain of approximately RM554,000 for the construction firm, which will be recognised as part of its financial results.

There are still construction jobs worth RM520 million from property launches by related party Eastern & Oriental Bhd for Andaman Island this year, according to RHB Investment Bank’s estimates.

This marks the fourth contract Kerjaya Prospek has secured since the beginning of the year, bringing its outstanding order book to over RM4.

“If 100 sq ft is built first as an increment, but in the future, the goal is to have 80-sq m (861 sq ft) houses, 80 sq m of land must be allocated today.

“As a result of the blacklisting, these developers will be ineligible to apply for new licences until they have settled their outstanding fines.

CIMB Securities said in its note that the domestic focus on the sector makes it relatively attractive to foreign investors.

The contractor, Geopancar Sdn Bhd, had initiated the adjudication to claim payments for substructure works for a project known as Flex @ Bukit Jalil City, undertaken by Ho Hup's wholly-owned unit Bukit Jalil Development Sdn Bhd (BJD).

While acknowledging the need to address the long-standing landfill issue, residents argue that the developer’s plan to reclaim a large portion of coastline for recycling machinery is unnecessary and contradicts established scientific practices.

The job involves the construction of four blocks of apartments of between 30 and 37 storeys high and one block of a five-storey podium with shop offices.