News by Luqman Amin

AIMS Group, the data centre arm of TIME dotCom Bhd, said it would start construction of AIMS Cyberjaya Block 3, with work to be completed by the second quarter of 2025 following completion of AIMS Cyberjaya Block 2.

However, Tabung Haji executive director group finance Mustakim Mohamad said he could not disclose which specific assets will be returned or when the process of returning those assets will begin.

The contract period will be 19 months, commencing from March 2024 with the expected completion by October 2025. 

Property developer Mah Sing Group announced that the conditions precedent of the sale and purchase agreements (SPAs) for its proposed acquisition of a freehold land in Hulu Langat, Selangor have been fulfilled.

Construction firm MGB Bhd has secured a contract worth RM207.03 million to undertake a two-phase property development project in Sepang, Selangor.

Morison LC Malaysia has been appointed for the financial period ending June 30, 2024, and will hold office until the conclusion of the next annual general meeting.

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.