AZRB confirms formal withdrawal of winding-up petition by UEM Edgenta
“The company wishes to announce that AZSB has received notification from the petitioner (EPB) that the petition has been struck off with liberty to file afresh.”
EcoFirst logs higher 2Q revenue but net loss widens as finance costs jump
The property developer has been loss-making since 1QFY2022.
UEM Edgenta drops winding-up petition against Ahmad Zaki Resources’ unit
... after the pair mutually agreed that AZSB would settle an RM11.05 million outstanding sum by way of 11 monthly instalments.
Perak Transit accepts extended agreement to provide construction services to another edotco unit
Perak Transit accepted the extended agreement to provide the same scope of services to Touch Matrix Sdn Bhd via its wholly-owned PTrans Resources Sdn Bhd.
SCIB withdraws from 'long-delayed' JB hospital project
Civil engineering group Sarawak Consolidated Industries Bhd (SCIB) said it has withdrawn from proposed engineering, procurement, construction and commissioning (EPCC) contracts involving a specialist hospital project in Johor Bahru.
Contractors should focus on industrial properties and data centre jobs, says RHB IB
RHB Investment Bank Research has maintained its "neutral" call on the construction sector, after considering the risks in public infrastructure projects, but advocated that contractors focus on newer projects, such as data centres and industrial jobs.
MQ Technology to diversify into property development
Industrial mold manufacturer MQ Technology Bhd (MQ Tech) has proposed to diversify into property development.
Apex court rules sensitive hill top or hill slope development projects need National Physical Planning Council approval
The Federal Court had on Friday (Jan 20) in a landmark decision ruled that for any hill top or hill slope development projects which are designated as environmentally sensitive in a development plan, approval has to be gained from the National Physical Planning Council (NPPC) as stipulated under Section 22(2A)(c) of the Town and Country Planning Act 2001 (TCPA).
Fitch still expects OPR to be raised to 3.25% despite BNM’s surprise move to pause hike
Although Bank Negara Malaysia (BNM) unexpectedly kept interest rates on hold at its Jan 19 meeting, Fitch Solutions maintained its forecast that the overnight policy rate will be raised to 3.25% over the coming months.
Kumpulan Jetson to dispose of industrial land in Gombak for RM35 mil
Automotive, rail and industrial part maker Kumpulan Jetson Bhd has proposed to dispose of a 1.62-hectare industrial land in Gombak, with a factory complex built on it, for RM35 million.
