Bintai Kinden believes it has good grounds of defence against Axbena’s RM28m claim for liquidated damages
JMI is being sued by Axbena Sdn Bhd for not completing a RM10.
RHB Research initiates ‘buy’ call on AME REIT, with positive growth outlook
In a note on Thursday (April 13), the research house initiated a target price of RM1.
MBSB Bank to offer special financing for MRT and RTS contractors
The bank said the financing programme is aimed at assisting Grade G1 to G7 category contractors registered under the Construction Industry Development Board (CIDB), which are involved in MRT projects, to increase their competitiveness in the open market.
YTL Cement inks MOU with CREAM to support country’s transition to sustainable construction
CIDB’s Ahmad Asri said that the growing global population also demands consideration of how buildings are constructed, the materials used to create them, and the expected efficiency of the finished buildings.
KIP REIT appoints Valerie Ong Pui Shan as new CEO
The company said with the appointment, Ong has been mandated to spearhead KIP REIT’s business strategies, operational plans and corporate exercises to strengthen KIP REIT’s position as a highly respected and professionally managed REIT.
Fajarbaru clinches RM125m mixed development construction job
The construction outfit said its wholly-owned unit Fajarbaru Builder Sdn Bhd had accepted the award from Penang Development Corp for Phase 4 of a 25-phase proposed mixed development.
Hektar REIT renewed 25% of leases by NLA expiring in 2023
Going forward, Hektar REIT executive director and chief executive officer Johari Shukri Jamil shared that there are 94 tenants covering 528,121 sq ft of space that is set to expire in 2024, followed by 58 tenants with 187,202 sq ft expiring in 2025.
KLCCP Stapled Group expects ‘better’ financials in 2023 despite rising costs pressure
The group recorded a net profit of RM782.
CGS-CIMB projects electricity tariff hike for domestic users in 2H2023
“Malaysian consumers enjoy the lowest domestic electricity tariffs in Asean, not purely because of efficiency, in our view, but through artificial means of subsidy and price controls.
Tanco scraps issuance of preference shares worth RM100 million to Socso
In a bourse filing, Tanco said it received notification from Sosco of the parties' inability to finalise and execute the transaction documents on or before the cut-off date of March 31, 2023 and as prescribed in the terms of the supplemental term sheets.
