Investors believed to be comfortable with Matrix’s IFD project in Jakarta
Matrix Concepts Holdings Bhd (March 18, RM1.
Project tender competition seen to intensify in construction sector
Construction sector Maintain underweight: The Star daily on Sunday quoted Penang Chief Minister Chow Kon Yeow that since the RM1 billion bridging loan from the federal government for the Penang Transport Master Plan (PTMP) was not forthcoming, the project delivery partner (PDP), SRS Consortium, would now have to source for the funds.
‘Make more babies’ call does not make sense’
KUALA LUMPUR (March 19): A lawmaker has taken issue with a property consulting firm’s suggestion that a higher population growth is needed to resolve the property overhang in the country.
HK trains collide for the first time ever
HONG KONG (March 18): For the first time in almost four decades, two subway trains in Hong Kong collided.
Two Selangor district councils to be upgraded to municipalities
KUALA LANGAT (March 18): The Kuala Langat and Kuala Selangor District Councils will be upgraded to municipal councils by this year, said Selangor Mentri Besar Amirudin Shari.
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PAC’s findings on white elephant marinas to be tabled soon
PETALING JAYA (March 18): The Public Accounts Committee (PAC) will be tabling its findings on the marina projects totalling RM323.
Matrix Concepts' launch of Indonesian development a positive move, say analysts
KUALA LUMPUR (March 18): Matrix Concepts Holdings Bhd's launch of its Icon Twin Towers in Jakarta's Islamic Financial District (IFD) in the second half of 2019 (2H19) has been seen as a positive development by analysts.
Construction stocks running ahead of fundamentals, says MIDF Research
KUALA LUMPUR (March 18): While sentiment on the construction sector is seen to have somewhat recovered, construction stocks are seen to be running ahead of its fundamentals, according to MIDF Amanah Investment Bank Bhd Research.
Matrix Concepts’ Indonesian JV to kick off in two months
KUALA LUMPUR (March 18): It has been nearly a year since Matrix Concepts Holdings Bhd announced its plan to jointly develop an Islamic financial district in Pantai Indah Kapuk 2 (PIK 2), Jakarta, Indonesia with an Indonesian consortium comprising PT Bangun Kosambi Sukses (BKS) and PT Nikko Sekuritas Indonesia (NSI).
Matrix expects FY19 performance to at least match FY18’s
KUALA LUMPUR (March 18): Seremban-based property developer, Matrix Concepts Holdings Bhd, ended financial year 2018 (FY18) on a high note and expects to at least match that performance this financial year ending March 31, 2019 (FY19) while also targeting sales of RM1.
