Johor municipal councillors to be given decision-making powers
KUALA LUMPUR (July 13): The state government of Johor wants to give its municipal councillors decision and policy making powers in preparation for local council elections.
WCT active, jumps 7.23% on landing RM555m contract
KUALA LUMPUR (July 13): WCT Holdings Bhd jumped 7.
Non–cancellation of LRT3 a short term reprieve for contractors, says CIMB Research
KUALA LUMPUR (July 13): CIMB IB Research has maintained its “Underweight” rating on the construction sector after the Ministry of Finance (MOF) allowed the LRT 3 project to proceed but at a lower all-in cost of RM16.
SKH to buy 70% stake in firm to gain rights to affordable housing project
KUALA LUMPUR (July 13): SKH Consortium Bhd is planning to acquire a 70% stake in property development firm Rimbun Gabungan Sdn Bhd for RM12 million, from a company in which Bina Puri Holdings Bhd's founder Dr Tony Tan Cheng Kiat is a director.
RM114m to subsidise residential power surcharge in 2H18
KUALA LUMPUR (July 13): Domestic users are the first priority for Putrajaya, which will utilise RM114 million from the Electricity Industry Fund (KWIE) to subsidise nearly 82% of residential power users in the second half of the year, according to Energy, Technology, Science, Climate Change and Environment minister Yeo Bee Yin (pictured).
Gabungan AQRS sees better FY18
KUALA LUMPUR (July 13): Gabungan AQRS Bhd’s net profit for the second financial quarter ended June 30, 2018 (2QFY18) more than doubled to RM19.
Lafarge’s RM270m cement contract for ECRL project suspended
KUALA LUMPUR (July 13): Lafarge Malaysia Bhd’s RM270 million cement supply contract for the proposed East Coast Rail Link (ECRL) project has been suspended by China Communications Construction Sdn Bhd, following the suspension of the ECRL project pending a government review.
Non–cancellation of LRT3 a short term reprieve for contractors, says CIMB Research
KUALA LUMPUR (July 13): CIMB IB Research has maintained its “Underweight” rating on the construction sector after the Ministry of Finance (MOF) allowed the LRT 3 project to proceed but at a lower all-in cost of RM16.
WCT bags RM555m mixed development job for TRX Lifestyle Quarter
KUALA LUMPUR (July 12): WCT Holdings Bhd has secured a RM555 million contract from Lendlease Projects (M) Sdn Bhd for a proposed mixed development in the Tun Razak Exchange (TRX) Lifestyle Quarter.
Share unit weightage – the next ‘time bomb’ in property management?
KUALA LUMPUR (July 12): Malaysia Shopping Malls Association (PPK) committee member for research YL Lum foresees that the calculation of share unit weightage in strata-titled properties will be the next ‘time bomb’ in property management.
