News about l

KUALA LUMPUR (May 8): Kimlun Corp Bhd's 40%-owned joint venture company JBB Kimlun Sdn Bhd has bagged a RM263 million contract to construct an office complex block for Majlis Bandaraya Johor Bahru (MBJB) in Plentong, Johor.

PUTRAJAYA (May 8):  The development at the Rimba Kiara Tanam site in Taman Tun Dr Ismail (TTDI), Kuala Lumpur, will go ahead despite opposition, said Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor.

KUALA LUMPUR (May 8): MyHSR Corp Sdn Bhd has appointed American multinational engineering firm AECOM for civil reference design works for the high speed rail (HSR) infrastructure, which stretches from the south of Iskandar Puteri Station to the international border of Malaysia and Singapore.

SINGAPORE (May 8): DBS is maintaining its “buy” call on CDL Hospitality Trusts with a revised target price of S$1.

KUALA LUMPUR (May 8): Malton Bhd said it is "not" in talks with the Employees Provident Fund (EPF) and China-based Dalian Wanda Group Co Ltd to jointly bid for the Bandar Malaysia property project within the old airport site in Sungai Besi here.

KUALA LUMPUR (May 8): Bank Negara Malaysia (BNM) is unlikely to cut its overnight policy rate (OPR) now given the high inflation in the country, according to Euler Hermes-Allianz Research's senior economist for Asia, Mahamoud Islam.

SINGAPORE (May 8): DBS is maintaining its “hold” call on OUE Commercial REIT (OUE CT) with a revised target price of 67 Singapore cents given likely operational weakness ahead of new office supply in 2017, dilution from the recent equity placement, and uncertainty over the timing of any acquisition.

KUALA LUMPUR (May 8):  Iskandar Waterfront City Bhd (IWCity) shares plunged this morning with no firm signal of a reversal of the Bandar Malaysia sale termination emerging.

MRCB-Quill REIT (May 5, RM1.

KUALA LUMPUR (May 8): All eyes will be on Iskandar Waterfront City Bhd (IWC) when trading resumes today, with market players saying there could be a knee-jerk reaction in the short term due to uncertainty around the company after a RM7.