News by Syahirah Syed Jaafar

The redevelopment of Terminal 2 at the Sultan Abdul Aziz Shah Airport in Subang, Selangor, is set to begin at end-2017, said Subang SkyPark Sdn Bhd executive director Tan Sri Ravindran Menon.

CapitaLand Malaysia Mall Trust (CMMT) has entered into an agreement with K Two Realty Holding Sdn Bhd to construct and manage a link bridge situated between Sungei Wang Plaza (SWP) and Berjaya Times Square.

Ekovest Bhd's third-quarter net profit was largely flat at RM11.06 million from RM11.08 million a year ago, mainly due to a one-off expense of RM22.62 million on recognition of fair value adjustment pursuant to the granting of the Employees' Share Option Scheme.

Grand-Flo Bhd hopes to see equal revenue contributions from its tracking solutions and property development segments this year, in light of a healthy order book and unbilled sales.

Voir chairman Datuk Zarul Ahmad Mohd Zulkifli, who also controls Consortium Zenith BUCG Sdn Bhd, a private construction company, said the board of Voir is now considering how to synergise the two business groups to enhance shareholder value.

Matrix Concepts Holdings Bhd (MCHB) has signed an agreement for the issuance of Islamic commercial papers (ICP programme) and Islamic medium term notes (IMTN programme) with a combined limit of up to RM250 million.

UOA Development Bhd’s net profit fell 55% to RM43.38 million in the first quarter ended March 31, 2017 (1QFY17), from RM96.08 million a year ago, as revenue declined.

It is time for both the government and the private sector to go ahead to make industrialised building system (IBS) mandatory for adoption, with a deadline in mind instead of postponing it once again, Minister in the Prime Minister's Department Datuk Seri Abdul Rahman Dahlan said.

Property developers have called on the government to engage in dialogue with them before the adoption of the industrialised building system (IBS) is made mandatory for all players in the construction industry.

Malaysian property developers have not been receptive to the Construction Industry Development Board's (CIDB) quality assessment system in construction (QLASSIC) certification as many are applying for Singapore's CONQUAS certification.