Sime Darby cuts E&O stake sale price to reflect property segment outlook
“We are mindful of the challenging business environment where a slowing global economy and the rising cost of living have affected consumer sentiment.”
Voir’s unit gets RM24.6 mil subcon deal for PPR project
The project is under Program Perumahan Rakyat and the contract is slated to start from Oct 1 and to be completed by Sept 30 next year.
Sunway Construction Group scores a hat-trick, bags RM209 mil worth of projects
The first contract involves its subsidiary Sunway Construction Sdn Bhd, which has been appointed by MMC Gamuda KVMRT (PDP SSP) Sdn Bhd to undertake a package under the Mass Rapid Transit Line 2 project.
Daya Materials bags RM224 mil contract from Aspen Group
The development in Batu Kawan will boast the first Ikea store in Penang and the northern region.
BNM stands pat on key interest rate at 3%
BNM noted that domestic financial conditions have remained stable since the previous MPC meeting, with financial markets continuing to function in an orderly manner.
Room for another key rate cut by Bank Negara, say economists
There is a case for BNM to ease rates further, given the country’s slower growth amid low inflation.
Iris seeks international partners to fund PPA1M project
On Nov 30 last year, Iris was awarded the construction contract by Perbadanan Putrajaya for the development of PPA1M and a mixed development on 16.2 acres of land in Putrajaya for an estimated gross development cost of RM622.73 million.
Ivory Properties says reclamation works for WorldCity project delayed to next year
The project is undertaken by Tropicana Ivory Sdn Bhd, a 55:45 joint venture between Tropicana Corp Bhd and Ivory Properties Group Bhd.
S P Setia cuts FY16 sales target to RM3.5 bil
Its president and chief executive officer Datuk Khor Chap Jen cited global uncertainty, especially in the aftermath of Brexit, and continued weak sentiment in the Malaysian property market for the downward revision.
WCT's 2Q net profit up 3.3% on contribution from local construction segment
On its prospects, WCT said it is confident of achieving satisfactory results for FY16.
