News by Ahmad Naqib Idris

YTL Corp Bhd announced that its subsidiary YTL Land Sdn Bhd has disposed of all its holdings in YTL Majestic Hotel Sdn Bhd to YTL Hotels & Properties Sdn Bhd (YTLHP) as part of an internal reorganisation of the group's structure.

According to its bourse filing, the largest contract — valued at RM152.4 million — was awarded by Gas District Cooling (Putrajaya) Sdn Bhd to SCSB.

Nazri said in Parliament today that the RM2.9 billion figure includes contribution from visa fees of RM6.85 million, opening of savings accounts of RM542.55 million and purchase of property of RM673.96 million.

At Parliament today, Fadillah said the government has discussed with various stakeholders of the construction industry, and has committed to greater adoption of IBS going forward.

This was despite slowdown, thanks to earlier boom.

The Construction Industry Development Board (CIDB) expects its RM2.5 million MyBIM Centre to commence operations in May this year.

Revenue soared 107% to RM243.32 million, from RM117.59 million in 3QFY2016.

IJM attributed the decline in profit to the absence of a one-off gain of RM133.3 million from the disposal of a 70% equity interest in Swarna Tollway Private Ltd, which was included in its results last year.

Move aimed at removing him from group that owns financially troubled property — WSJ

Revenue for the quarter dropped 44% to RM87.49 million from RM158.13 million a year earlier, its bourse filing today showed. It declared a single-interim dividend of 1.5 sen for the period, to be paid on a date to be fixed.