Ingenieur Gudang reports higher 2Q profit on disposal gain, higher construction revenue
Revenue for the quarter more than doubled to RM12.
Building Industry Presidents’ Council reinforces objection to HRD Corp’s mandatory levy collection
The Building Industry Presidents’ Council had previously written to the Ministry of Human Resources, the Ministry of Works and the Ministry of Housing and Local Government in 2021, objecting to the ruling on the expansion of the Human Resources Development Fund (PSMB) Act 2001 (Act 612), which included the construction industry with effect from March 1, 2021.
Haily Group shares soar to new record high following contract win
Year-to-date, the counter has gained over 91%, tracking a broad rally in the construction sector largely fuelled by optimism about the government's rollout of major infrastructure projects and contract awards in the private sector.
Gamuda climbs to new peak, driven by A$1.6b job win in Australia and optimism in construction sector
At its current market capitalisation, Gamuda is already the 21st largest company on Bursa Malaysia, making it poised to be a potential FBM KLCI constituent.
Haily bags RM76m construction job in JB
Haily said its wholly-owned subsidiary, Haily Construction Sdn Bhd, has accepted a letter of award issued by Razin Architects Sdn Bhd on behalf of Kews Senibong Sdn Bhd, according to a bourse filing on Thursday.
Gamuda JV gets A$1.6b train signalling and control system upgrade contract in Australia
The scope of works under the contract consists of the design, supply, installation, testing, commissioning and maintenance of a new automatic train control system to replace the existing signalling and train control systems on Perth’s suburban rail networks.
KWAP ceases to be substantial shareholder in Econpile
KWAP’s stake in Econpile dropped to below the 5% threshold necessary to be deemed a substantial shareholder after it sold 2.
Econframe scraps plans to acquire 70% stake in industrial property builder
Following the termination, Econframe said it will receive an earnest deposit of RM1 million within seven days, along with the balance deposit of RM4.
PTT Synergy proposes one-for-one bonus issue
PTT Synergy said the bonus issue is to reward shareholders and encourage the trading liquidity of its shares on the stock exchange.
Advancecon inks JV with Perak govt to develop centralised labour quarters
Advancecon, an earthworks and civil engineering specialist, will contribute its technical, sales and marketing expertise for the execution of the JV's projects, focusing on upgrading and constructing new centralised labour quarters.
