Gamuda active, falls 12.50% as govt starts talks to buyout highways
KUALA LUMPUR (Feb 25): Gamuda Bhd shares fell 12.
PRG faces hiccups on maiden luxury residential project, delayed completion
KUALA LUMPUR (Feb 25): PRG Holdings Bhd’s maiden luxury residential project Picasso Residence, which is supposed to be the company’s flagship development, seems to be running into some troubles.
‘Infrastructure projects will provide buffer for economic slowdown’
KUALA LUMPUR (Feb 25): With Malaysia’s economic growth seen to moderate going into 2019, coupled with talks of a potential global recession, pump-priming could be one of the ways to support economic growth.
Is the construction sector back in favour?
KUALA LUMPUR (Feb 25): The construction sector, the worst-performing sector in 2018 with the Bursa Malaysia Construction Index (KLCON) declining by more than 50% during the year, may now be seeing the light at the end of the tunnel.
A toll on highway concessionaires?
KUALA LUMPUR: The spotlight is on Gamuda Bhd and its peers which own highway concessions once again as the government is working on ways to honour its promise to abolish tolls in stages.
Government in talks with Gamuda to acquire four highway concessions
KUALA LUMPUR (Feb 25): Putrajaya says it has begun talks with Gamuda Bhd to negotiate the acquisition of four highway concessions that the company has a majority stake in, with the aim of abolishing toll collection at these highways.
Guan Eng: Renewal levy fees for foreign workers in five sectors reduced from March
KUALA LUMPUR (Feb 23): The government is set to lower the extension levy fees in March for foreign workers who have worked in the country for more than 10 years, said Finance Minister Lim Guan Eng (pictured) today.
Berjaya Land launches The Tropika at Bukit Jalil
KUALA LUMPUR (Feb 23): Berjaya Golf Resort Bhd, a subsidiary of Berjaya Land Bhd has launched its latest mixed development The Tropika, at the Berjaya Property Gallery in Bukit Jalil, Kuala Lumpur today.
Syed Mokhtar's company confirms it was involved in RM500m land swap deal with Mindef
KUALA LUMPUR (Feb 23): Kelana Ventures Sdn Bhd (KVSB), a company owned by tycoon Tan Sri Syed Mokhtar Albukhary, has confirmed a report by The Edge Financial Daily that it was the private party in a controversial land swap deal with the Ministry of Defence (MINDEF) involving the Royal Malaysian Air Force land in Kinrara, Puchong.
Report: Rehda KL slams DBKL’s gazetting of plot ratio caps
KUALA LUMPUR (Feb 23): The Real Estate and Housing Developers’ Association (Rehda) Federal Territories (KL) has “slammed” City Hall’s (DBKL) gazetting of plot ratio caps for property developments, reported The Edge Malaysia in its latest issue.
