Developers must cut profits to lower property prices – report
PETALING JAYA (Sept 29): The only way developers can bring property prices down is by cutting their profit margins, said a property industry observer.
Bank Negara: Imbalances in property market continue to persist
KUALA LUMPUR (Sept 26): It looks like the local property market is still not out of the woods, just yet.
Bina Puri cautious on FY18 construction biz outlook
KUALA LUMPUR (Sept 24): Bina Puri Holdings Bhd said it is cautious on the performance of its core construction business for the remaining months of its financial year ending Dec 31, 2018 (FY18), following the slew of changes to projects after the 14th general election (GE14).
Healthier competition environment expected for SunCon
Sunway Construction Group Bhd (Sept 18, RM1.
Consumer spending to wither from 4Q
KUALA LUMPUR (Sept 18): Consumer spending — which accelerated during the tax holiday period from June to September that saw a mad rush for automotive purchases — is expected to decline from the fourth quarter (4Q18) onwards following the implementation of the sales and service tax (SST) on Sept 1, say economists.
Najib defends authenticity of 'donation' letters
KUALA LUMPUR (Sept 18): It is not unheard of for staff to sign letters on behalf of their employers, said former prime minister Datuk Seri Najib Razak (pictured) yesterday in a Facebook post as he defends the authenticity of several letters, purportedly from Saudi royalty, that he claimed were proof that the US$972 million that went into his AmBank account were personal donations to him.
Construction landscape likely to remain challenging
Construction sector Maintain neutral: For the recent second quarter of 2018 results season, seven (54%) out of the 13 contractors under our coverage reported core earnings that were below expectations and six (46%) were within.
Country View gets RM232m loan to part-finance land purchase in Iskandar Puteri
KUALA LUMPUR (Sept 7): Country View has accepted banking facilities totalling RM232 million to part-finance the purchase of a piece of 164-acre vacant land in Iskandar Puteri, Johor.
MoF appoints three-man executive team to restructure Prasarana
KUALA LUMPUR (Sept 7): The Ministry of Finance (MoF) has appointed a three-man executive team to undertake changes in the organisational structure and turnaround the asset owner and operator of public transport systems Prasarana Malaysia Bhd (Prasarana).
Affin Bank confirms award of RM505m contract for TRX HQ
KUALA LUMPUR (Sept 5): Affin Bank Bhd confirmed today it has awarded a RM505 million contract to IJM Corp Bhd for the construction of its 47-storey headquarters at Tun Razak Exchange (TRX) here.
