News by M

Malaysia’s representative Chai Min Li has emerged as the Platinum winner in the Interior Design category of the regional instalment of Nippon Paint’s Asia Young Designer Award (AYDA) 2016. She competed against participants from 14 other Asian countries to take home the US$1,000 (RM4,413) prize.

Under the contract, CapitaLand will oversee the pre-opening and retail management for the five-storey SingPost Centre mall, which has 269,000 sq ft of GFA (excluding carpark) and a net lettable area of about 175,000 sq ft.

As for LBS Bina, it owns some 633 acres of land in Dengkil, which is less than 20km from KLIA.

Occupancy of Menara Exxon-Mobil is currently 60% (versus 100% in FY2016), after the Exxon-Mobil lease expired in January 2017.

Sunway Construction Group Bhd (SunCon) was awarded an RM152.4 million contract for the engineering, procurement, construction and commissioning of the gas district cooling plant 1 in Precinct 1, Putrajaya, involving both a chilled water supply system and power generation system. The job was awarded by the Putrajaya Group, and works will span from March 2017 to August 2018.

Will the central bank consider raising OPR when real interest rates continue to fall?

TEE International has declared about S$200,000 (RM634,000) of earnings for the third quarter ended Feb 2017, down 72.3% from the S$600,000 it reported a year ago.

The property developer said it is buying the freehold plots from two Singaporeans, Wellington Tan and Shenton Tan Seng Koon, to develop 400 mixed-residential units comprising bungalows, semi-Ds and terrace houses.

The initial public offering (IPO) will facilitate Inta Bina with greater financial flexibility to pursue future growth opportunities and enhance its reputation in the marketing of its construction services to expand its customer base in Malaysia, the group said.

The compression in its bottom line was largely due to the fallow period of project awards. In contrast, property division’s revenue bucked the trend by growing from RM359.3 million in 6MFY2016 to RM515 million in 6MFY2017 (43.3% y-o-y) driven by sales pickup from Gamuda and Celadon City in Ho Chi Minh City.