MRCB believed to discuss LRT3 with Prasarana, George Kent
Malaysian Resources Corp Bhd (July 9, 60 sen) Maintain buy with an unchanged target price (TP) of RM1.
Majuperak CEO Rustam Apandi resigns
KUALA LUMPUR (July 10): Majuperak Holdings Bhd managing director and group chief executive officer (CEO) Rustam Apandi Jamaludin will step down from his post on Oct 1.
Scrapping of LRT3 unlikely despite cost overruns
KUALA LUMPUR (July 10): Analysts reckon the third light rail transit (LRT3) line in the Klang Valley is not in danger of being dropped despite talk of Putrajaya reviewing the project because of massive cost overruns.
HLIB: Property buyers in wait-and-see mode pending new govt policies post-GE14
KUALA LUMPUR (July 9): While Hong Leong Investment Bank Bhd says it can't rule out a mild recovery of interest in the property sector given the trough valuation and domestic growth focus theme with possible introduction of new policies, it said developers' full year sales may still fall short of targets, as sales would likely remain soft after the 14th general election (GE14).
Econpile bags RM122m bored piling contract
KUALA LUMPUR (July 9): Piling and foundation specialist Econpile Holdings Bhd has bagged a RM122 million contract to undertake working bored piles for the proposed Pavilion Damansara Heights (Parcel 2) mixed development at Jalan Damanlela here.
MRCB not affected if Prasarana fails to secure additional RM10b funding to complete LRT3, says UOB KayHian
KUALA LUMPUR (July 9): UOB Kay Hian Securities (M) Sdn Bhd believes Malaysian Resources Corp Bhd (MRCB) would not be affected if Prasarana Malaysia Bhd is unable to raise additional funds to complete the construction of the third light rail transit (LRT3), which has reached 10% to-date.
All RTO-scheme units in Ramah Pavilion snapped up less than two months
PETALING JAYA (July 9): All 50 units of Ramah Pavilion condominium in Teluk Kumbar, Penang island, under the developer’s rent-to-own (RTO) scheme were taken up by interested buyers within two months after the scheme was introduced in mid-April.
KPKT appoints more presidents to tackle rising tribunal cases
PUTRAJAYA (July 9): The Ministry of Housing and Local Government (KPKT) has appointed 16 presidents to the Tribunal for Homebuyer Claims and Strata Management Tribunal to tackle the rising number of tribunal case in the country.
‘RM6.3b Penang project to start soon with undersea tunnel’
KUALA LUMPUR (July 9): Consortium Zenith Construction Sdn Bhd (CZC), the contractor of Penang’s RM6.
Concorde Kuala Lumpur redevelopment plans on hold
KUALA LUMPUR (July 9): An earlier proposal to demolish and redevelop the long-established Concorde Hotel Kuala Lumpur (Concorde KL) — linked to Sultan of Selangor Sultan Sharafuddin Idris Shah, entrepreneur Tan Sri Syed Yusof Syed Nasir and Singaporean tycoon Ong Beng Seng — has been put on hold.
