News by Chen Shaua Fui

Currently, users of the RM4.25 billion LPT2 do not have to pay tolls as the government is still finalising the agreement with the selected concession company after issuing the request for a proposal to manage and maintain the highway.

The Plaza Rakyat project has been abandoned since 1997 due to the financial crisis and financial problems faced by developer Plaza Rakyat Sdn Bhd.

Master Builders Association Malaysia (MBAM) hopes to see a greater reduction in import duties for heavy construction machinery as well as a normalisation of foreign workers under the 6P Programme to Temporary Work Permit (PLKS) status, which can be renewed instead of deporting them back, in this Friday's Budget 2016 announcement.

Banks continued a stringent lending policy that makes it difficult for homebuyers to get loans. The uncertainties over economic prospects and the political scene plus the GST are pushing many prospective property buyers away. 

It was reported that six JVs and individual companies were in the running for the rail project.

SHL Consolidated Bhd is going ahead with new build-then-sell launches with a focus on affordable homes and landed properties.

PRG recognises that the sector is cyclical and catching the right wave is important

Revenue also doubled to RM21.85 million from RM10.83 million in 4QFY14. Earnings per share for the 4QFY15 stood at 16.10 sen against loss per share of 13.68 sen in 4QFY14.

It said the market value of RM261 million was appraised by independent valuer, C H Williams Talhar & Wong as at April 3