News by Shazni Ong

A three-member Federal Court bench had on Wednesday granted KAJ an adjournment till May 19, 2022 to hear the company's application for permission to appeal against the Court of Appeal's decision in 2021 to reject its application for permission to initiate a judicial review to challenge the Melaka state government’s move to terminate its agreement with KAJ involving land reclamation with the Straits of Malacca for the Melaka Gateway project.

The furniture manufacturer has also received approval for the proposed bonus issue of up to 63.24 million warrants on the basis of one warrant for every two existing TAFI shares held on the entitlement date.

Maju Holdings Sdn Bhd-owned highway concessionaire MEX I said the proposed Islamic bonds comprise RM2.21 billion subordinated sukuk and RM1.13 billion senior sukuk programmes.

In a filing with Bursa Malaysia, the property developer said Doh resigned “to devote more time for his other work and commitments”

In a sector outlook on Wednesday (Dec 22), HLIB Research said job awards could recover, driven by both the private and public sectors.

In a filing with Bursa Malaysia on Wednesday, Berjaya Food said its wholly-owned subsidiary Berjaya Starbucks Coffee Company Sdn Bhd (BStarbucks) has entered two separate sale and purchase agreements with Berjaya Times Square Sdn Bhd (BTS), a wholly-owned subsidiary of Berjaya Assets Bhd for the proposed acquisition of the units located on Level 10, Berjaya Times Square in Jalan Imbi, Kuala Lumpur.

“To upskill and improve the digital marketing capability of property developers (marketing and sales teams), Rehda Institute will look into developing a suitable DMTI through a certification programme in 2022 partnering with relevant universities and other partners.

In a filing with Bursa Malaysia on Tuesday (Dec 14), the construction and property group said its subsidiary Ireka Development (Terengganu) Sdn Bhd (IDTSB) has accepted a letter of award (LoA) by Koperasi Permodalan Sahabat Terengganu Bhd (KOSAHABAT) to develop the project in Kampung Baru Kuala Abang, Mukim Kuala Abang, Dungun district, Terengganu.

The affordable housing comprise 763 units of two-storey terraced houses and are part of Residensi D’Marina Phase 2 in Kuantan, Pahang, which has an estimated gross development value of RM219 million over four to five years.

“If you look at the [recent] Budget, there are a lot of potential construction jobs but what we see is that there is some de-emphasis on the government in terms of mega projects like there is no mention of Mass Rapid Transit Line 3 (MRT3) for example. Secondly, a lot of the construction projects and the development expenditure (DE) most likely will benefit smaller non-listed players.