News by Luqman Amin

This presents a “positive counterweight narrative to Malaysia’s comparatively low interest rates” when compared to median interest rates of 9.25% in the Americas, 5.25% in Europe, the Middle East and Africa, and 3.5% in the Asia Pacific.

Binastra Corp Bhd has secured a contract worth RM369.95 million to undertake construction and completion of main building works and infrastructure projects.

Piling and foundation specialists Econpile Holdings Bhd has secured a contract worth RM83 million to undertake the sub-contract works consisting of earthworks, retaining structure, piling, and road deck and ancillary works, among others.

Building material wholesaler and distributor Unitrade Industries Bhd has acquired a two-acre land worth RM7.84 million to develop centralised labour quarter (CLQ) solutions located in Sungai Buloh, Selangor.

Sarawak Consolidated Industries Bhd’s (SCIB) RM97.75 million contract with Landasan Kapital (M) Sdn Bhd has fallen through following a mutual termination between the two parties.

The Sukuk Murabahah programme will provide an opportunity for investors to participate in an initiative aimed at part financing for the construction of the ECRL project.

These efforts are aimed at improving connectivity, reducing travel time and creating new development corridors. 

Bank Pembangunan Malaysia Bhd said on Wednesday it is providing financing totalling RM253.5 million for construction of a data centre in Cyberjaya, Selangor.

Nextgreen Global Bhd has proposed a private placement of up to 102.57 million shares, representing 10% of its issued share capital, to yet-to-be-identified third-party investors with the issue price to be determined later.

Developer YNH Property Bhd, whose lapses in governance raised eyebrows recently after several delayed disclosures, has redesignated its senior independent, non-executive director Khong Kam Hou as chairman of its audit committee to help the group in fulfilling its oversight and fiduciary duties.