News by M

Infrastructure conglomerate, AlloyMtd Group, will embark on two projects in the Philippines with a combined contract value of close to RM400 million.

Year-on-year (y-o-y) earnings growth was largely supported by additional contributions from its new assets and improved profits from Gurney Plaza and East Coast Mall. However, we remain cautious about Sungei Wang Plaza (SWP), which could limit near-term earnings.

This week, the spotlight falls on the secondary market of non-landed residences in one of Kuala Lumpur’s oldest suburbs, Setapak. Areas covered span from Taman Melati at the north and bounded by the Duta-Ulu Kelang Expressway (DUKE) at the south.

Entrepreneur Priti Devi says dressing your home is easy if you buy what you love and prioritise quality — and she shows you how to with her luxury home accessory and interior styling portal, decorator’s notebook.

The project is a 23-storey tower with 888 serviced apartments that will have built-ups of 650 to 1,500 sq ft and 13 retail units.

UEM Sunrise Bhd’s managing director and chief executive officer Anwar Syahrin Abdul Ajib is taking a leave of absence from the property development group for personal reasons, with its parent’s group managing director Datuk Izzaddin Idris assuming his duties in the interim.

S P Setia Bhd, the country's biggest-listed developer by sales, has acquired its fourth piece of land in Melbourne, Australia, which it intends to develop into a high-end residential project with a gross development value (GDV) of A$38 million.

State science, innovation and information technology, communications, high technology and human resources committee chairman Datuk Norsabrina Mohd Noor said studies conducted by the state indicate that the airport, estimated to cost RM1.6 billion, should be full-fledged to cater to the growth in the Kulim Hi-tech Park.

OWG chairman and group chief executive officer Datuk Seri Richard CK Koh said the restaurant is aiming for the grand opening to be on June 21.

Salcon is currently bidding a total tender book of over RM2.2 billion with management’s target of a 20%-30% success rate. These jobs include the Langat 2 WTP Phase II contracts, new alternative water supply jobs in Selangor and the projects from 11MP (11th Malaysia Plan) to reduce non-revenue water (NRW) to 25% from 36.6% in 2013.