Bina Darulaman 2Q earnings slumps 83% on lower property, construction income
KUALA LUMPUR (Aug 3): Bina Darulaman Bhd's net profit for the second quarter ended June 30, 2017 (2QFY17) slumped 83.
CRRC-led consortium wins RM1.56 bil package in LRT3 project
KUALA LUMPUR (Aug 2): Prasarana Malaysia Bhd has awarded a work package worth RM1.
MACC makes another arrest over FIC’s Kuching hotel purchase
KUALA LUMPUR (Aug 1): The Malaysian Anti-Corruption Commission (MACC) arrested a former special officer to a former Felda chairman to assist in the probe into the purchase of a hotel in Kuching, Sarawak by Felda Investment Corp (FIC), Bernama reported today The anti-graft body’s chief commissioner Datuk Dzulkifli Ahmad said the man was held at 4am at the MACC’s Putrajaya Office where he had gone to provide a statement, Bernama reported.
DONE DEAL: Reflection Residences, Mutiara Damansara, Petaling Jaya
Sold for: RM880,000 (RM805 psf) Concluded by: Justin Tau (REN 18860) of Hartamas Real Estate (OUG) (017-674 3763) When: April 2017 Noteworthy: ● Freehold ● Built-up: 1,092 sq ft ● 3-bedroom and 2-bathroom ● Maintenance fees: 35 sen psf ● Mid floor and facing south ● Partly furnished with kitchen cabinet, hood and hob, four air-cons, water heater, washing machine and dryer ● Facilities: infinity pool, gym, steam room, playground, a BBQ area and a tennis court Located in Mutiara Damansara, Petaling Jaya, Reflection Residences is a newly completed serviced apartment development by Glomac Bhd.
MACC investigating another hotel deal by FIC
KUALA LUMPUR (July 27): The Malaysian Anti-Corruption Commission (MACC) is probing another hotel purchase by Felda Investment Corp (FIC).
Contractor’s pull-out flags mounting cost pressures
KUALA LUMPUR (July 24): With billions of ringgit in mega infrastructure projects that have been and are to be awarded, the construction sector has been hailed as a bright spot in corporate Malaysia.
All things bright and beautiful
Though established only in 2015, design studio CocoKacang has already carved a place for itself in the industry.
Regal International to acquire Sarawak land for residential cum retail development
SINGAPORE (July 21): Regal International Group, the former Hisaka Holdings, is acquiring land in Sarawak to build a residential cum retail development.
O&C Resources bags RM324 mil PPA1M project
KUALA LUMPUR (July 18): O&C Resources Bhd (OCR) has bagged a RM324 million turnkey contract to build houses under the 1Malaysia Civil Servants Housing Project (PPA1M) in Precinct 5, Putrajaya.
