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KUALA LUMPUR (April 4): Seacera Group Bhd has cancelled its plan to acquire a 70% stake in construction and civil engineering firm Teras Sari Resources Sdn Bhd, shortly after announcing it on Feb 22.

PETALING JAYA (April 4): More than 700 completed properties in the Klang Valley are unable to obtain the Certificates of Completion and Compliance (CCCs) due to the water supply issue, according to the Real Estate and Housing Developers’ Association Malaysia (Rehda).

PETALING JAYA (April 4): In order to pare down the current household debt-to-gross domestic production (GDP) ratio from an “unsustainable” level of 84.

  PETALING JAYA (April 4): While there is an oversupply of shopping complexes and office spaces, it is not the case with residential properties as Malaysia is still short of 3.

KUALA LUMPUR (April 4): Negeri Sembilan will have a special quota for every category of affordable homes under its housing policy for armed forces personnel and veterans.

KUALA LUMPUR (April 4): Tien Wah Press Holdings Bhd is seeking shareholders' approval to provide financial assistance of up to RM250 million to a joint venture company (JVco), and to diversify its business into property development and investment.

PETALING JAYA (April 4): The people will reject Tun Dr Mahathir Mohamad’s promise to stop the East Coast Rail Link (ECRL) project if the opposition coalition wins the 14th general elections, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi (pictured).

Construction sector Maintain overweight: High-beta construction stocks were among the least favoured in the first quarter of 2018 (1Q18), with the Kuala Lumpur Construction Index falling 9% year to date (YTD), weighed down by global stock market selldown.

KUALA LUMPUR (April 4): Vertice Bhd, formerly Voir Holdings Bhd, has been awarded a subcontract job valued at RM218.

KUALA LUMPUR (April 4): Shares in WCT Holdings Bhd closed lower yesterday as news that it was acquiring a controlling 60% stake in the operator of the Skypark Terminal at the Sultan Abdul Aziz Shah Airport in Subang, Selangor failed to excite investors.