News by Ahmad Naqib Idris

Contributed by the completion of Phase 1 of Axis PDI Centre.

Jaycorp Bhd's 60%-owned unit Jaycorp Engineering & Construction Sdn Bhd (JECSB) has won a contract for the construction of a seven-storey shop cum office at Likas Bay in Kota Kinabalu, Sabah.

The construction sector is expected to remain a bright spot amid the less-than-rosy prospects of the wider domestic and global economies — which are facing a multitude of uncertainties…

Property developers are expected to register another year of slow performance in 2017 amid a lack of catalysts for the segment, as cooling measures introduced by the central bank to rein in speculation continue to be the main hurdle for property companies.

Iris Corp Bhd co-founder, group managing director and chief executive officer Datuk Tan Say Jim has sold a substantial stake in the group, triggering talks of changes at the top.

The first phase of the SBK Line was initially targeted for completion on Dec 31.

Trusts continue to command premium despite spike in MGS yields, say analysts.

Bina Darulaman Bhd (BDB) is targeting RM900 million in gross development value (GDV) of property launches for the financial year ending Dec 31, 2017 (FY17), with the group maintaining its focus on the affordable housing segment.

In its filing with the exchange today, the trust said 190 million of the units will be placed to YTL Corp Bhd, while the balance will be placed to parties identified by its placement agents AmInvestment Bank, Credit Suisse (Singapore) Ltd and Maybank Investment Bank Bhd.

Revenue rose 19% to RM421.25 million from RM353.06 million, it said in a filing today.