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On prospects, the REIT expects the hospitality industry to stay relatively buoyant amidst risks of higher inflation, interest rate hikes, and other economic challenges.

“We will see first whether the decision is carried through.

Menteri Besar Datuk Seri Amirudin Shari said the decision was made as the administration is “not satisfied with the plans proposed”, especially in relation to its social impact on Petaling Jaya residents.

The usage of IBS in Rumah Idaman Cahaya, similar to other Rumah Idaman projects undertaken by MGB, contributes to its affordability due to reduced dependence on labour, an ability to optimise cost as well as increase and maintain the quality of the units.

The contract is for all the works under a project known as Jalan Kampung Medong/Lebrasau/Kampung Klid, Daerah Dalat, Bahagian Mukah, under a sub-contract agreement with Tokoh Ilham Sdn Bhd.

Net profit grew 14.

The latest announcement follows Top Builders' failure to submit its regularisation plan to the Securities Commission Malaysia or Bursa Securities for approval within the extended timeframe of June 29 this year.

The Ministry of Local Government Development is working on a National Housing Action Plan, which includes home supply requirements based on metrics such as the ratio of the median house price to median income.

In a filing to Bursa Malaysia on Wednesday (July 26), Ekovest said it has signed the collaboration agreement with Shenzhen Maoxiong Co Ltd (MX) and Anxi County People's Government (Anxi).

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