"Beyond 2019, we expect cement prices to recover gradually, as construction activities pick up (expected by 1H20). However, we reckon that the expected pick-up next year will happen on a gradual basis as work contribution from mega project revivals may be partially offset by lower construction contract awards seen post GE14 and weak property sentiment."
Semantan Estates had in 2017 named the Malaysian government, federal lands commissioner, minister charged with the responsibility for land in the federal territory, natural resources and environment minister, director-general of the lands and mines department, director of lands and mines (federal territory) and federal territory registrar of titles as respondents.
An indirect subsidiary has been given the option to secure a significant plot of land for a solar photovoltaic plant.
Tan noted that Advancecon Infra is permitted to tender for Malaysian government projects with unlimited value across the country.
In a filing with Bursa Malaysia today, S P Setia said the fair value gain of RM343.8 million arose from the remeasurement of existing equity stake in Setia Federal Hill Sdn Bhd when the group acquired the remaining stake in the company, which has since become a wholly-owned subsidiary of the group.
The judge also dismissed the Ministry and government's cross-appeal over the quantum of RM11.26 million awarded in general damages and ordered them to pay RM15,000 costs to The Edge Communications.
Arrest warrants were issued for the four, in order to request for Interpol's assistance in tracking them down.
Monday also happens to be when the 1MDB trial, otherwise known as the Tanore trial, is slated to begin.
In a filing yesterday, the group said the two contracts were awarded by Tri-Arch Sdn Bhd and TA Decke Sdn Bhd.
The first property, which has a price tag of RM42 million, has a land area of 1.4674 hectares. The second property, which will cost the REIT RM13.8 million, has a land area of 0.6585 hectares and a lettable area of 42,067 sq ft.
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