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In a filing with Bursa Malaysia on Tuesday (July 4), TWL said its wholly owned subsidiary Kejuruteraan TWL Sdn Bhd and LJ Development had mutually agreed to terminate the memorandum of understanding that both parties had entered into in June 2017.

BMSPA is in its seventh instalment this year in seeking to recognise real estate that is managed with excellence and sustainability.

“Right now, under the current act (law), we have to get 100% consent from the residents (of the identified projects) to implement a redevelopment [plan], which is not possible… We will be coming out with a new act soon, to speed up the progress of the redevelopment projects.

“Core inflation eased to a lesser extent compared to headline inflation but the direction implies that inflationary pressures are easing.

The remarkable increase of SkyWorld’s PAT was contributed by revenue generated from ongoing projects such as SkySierra Residences (The Valley), EdgeWood Residences, SkyVogue Residences, SkyAwani III Residences, SkyAwani IV Residences, SkyAwani V Residences and the sales of completed inventories mainly from SkyMeridien Residences.

Pestech added that during this two-year extension period, PTech received no loss or expense payments for the contract prolongation.

GUH said it agreed to the out-of-court settlement, as continuing the legal dispute is costly and time-consuming.

The entire contract was originally valued at RM90 million and awarded to Cosmo in November 2021.

Other major contracts bagged by the group this year include a RM37.

SunCon said the project is expected to contribute positively to the earnings of the group for the financial year ending Dec 31, 2023 onwards.