News by M

Property developer Bina Darulaman Bhd said it is acquiring three plots of land in Sungai Petani from the Kedah State Development Corporation for RM4.63 million.

The group said there was no formal valuation conducted on the property, which also includes a single-storey detached factory with an integral double-storey office, a guard house, a pump house and a refuse chamber.

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.

Econpile Holdings Bhd, along with its JV partner China Communications Construction Co (M) Sdn Bhd, has won contract to undertake foundation, substructures and other ancillary works for Package SUKE-CA3.

Rafizi has been vocal towards the issues surrounding the MRT project, which he claimed would reach more than RM100 billion upon completion.

Going forward, Selangor Properties expects operations in Malaysia and Australia to remain positive in 2017.

Mitrajaya said in its filing to Bursa Malaysia yesterday that the award was given to its wholly-owned subsidiary, Pembinaan Mitrajaya Sdn Bhd.

Mitrajaya Holdings Bhd has bagged a RM183.44 million contract from concessionaire West Coast Expressway Sdn Bhd to build Section 2 of the West Coast Expressway (WCE) from the South Klang Valley Expressway interchange to the Shah Alam Expressway interchange.

The Terengganu state government, via the Drainage and Irrigation Department (DID), has taken measures to improve the water flow in flood-prone areas to alleviate flooding.

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.