News by theedgemarkets.com

Hong Leong's Malaysia property sector top picks are Sunway Bhd and Matrix Concepts Holdings Bhd.

The research house said it believes the cement sector in Peninsular Malaysia has turned the corner, with more rational competition among the players following a major industry shakeout in 2019.

RGM said this latest quarterly result was better than the estimate of negative 18.8% made in April 2020.

Of the new cases, three were imported, all of which involved Malaysians, while the remaining 11 were local transmissions involving three Malaysians and eight foreigners, health director-general Datuk Dr Noor Hisham Abdullah said.

Farmers who accept the scheme will be granted sub-leases or sub-land use rights to their existing farms at a 10 plus 10 plus 10 years tenure with a subsequent extension of 30 years subject to State Authorities’ approval

According to an announcement made by the company in the Singapore Exchange (SGX), the restraining order and permission to call for the creditors’ meetings were granted by the Melaka High Court on Friday.

Of the new cases, four were imported, all of which involved Malaysians, while the remaining four were local transmissions involving two Malaysians and two foreigners.

“The programmes are scheduled to be implemented this year, and are aimed at training a total of 30,000 industry players consisting of contractors, construction workers and youths in the areas of building skills, supervision and management as well as the adoption of technology in construction,” the board said.

The five other defendants are Boustead's subsidiaries Cebur Megah Development Sdn Bhd and Bakti Wira Development Sdn Bhd, as well as the Federal Land Commissioner, UMW Toyota Motor Sdn Bhd and Suntrack Development Sdn Bhd.

There are two property projects Bina Puri plans to use the proceeds on: a Johor development involving 384 double-storey houses with an estimated gross development value (GDV) of RM229.5 million and one development involving 28 units of four-storey and five-storey shophouses in Kuching, Sarawak with a GDV of RM57 million.