News by TheEdgeMarkets.com

NUR Power, which is the exclusive power utility firm for KHTP, will be providing solar energy of 25mw in 2023, and up to 75mw by 2026 to AT&S through a 21-year power purchase agreement (PPA), the companies said in a joint statement

The contract is for the construction of 203 units of terrace houses for phase 1C-1 of Gamuda’s township in southern Klang Valley, Gamuda Cove, Inta Bina said in a bourse filing.

Eco World Development Bhd (EcoWorld)’s net profit dropped 42.72% to RM42.84 million for the fourth quarter ended Oct 31, 2021 (4QFY21), from RM72.27 million a year ago, on lower contribution from its Malaysian joint ventures (JVs) and its international arm Eco World International Bhd (EWI) due to the lockdown.

The group said this was mainly due to share of losses in joint ventures, and higher finance cost following cessation of capitalisation of finance cost on general borrowings in tandem with the handover of apartment units in Yarra One in Melbourne.

“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.

At a joint press conference by Rehda and Rehda Institute on Thursday (Dec 16) titled "Current issues facing the marketing and sales of properties in Malaysia", he said: "In 2022, we still wouldn't be back to that level. So, given that the economic scenario is challenging, one of our major requests is to extend the Home Ownership Campaign (HOC), so that economic growth can continue and the sector can be supported in the coming year.

In a bourse filing on Thursday (Dec 16), the firm said its unit Samaiden Sdn Bhd had accepted a letter of award from Ramatex Textiles Industrial Sdn Bhd for the contract

Under the exercise, up to 55.76 million new shares, representing 10% of JHM’s 557.6 million issued shares, will be issued to independent third party investors to be identified later, the semiconductor group said in a bourse filing.

The group said it is selling the land with a four-storey detached factory on it to GSH Precision Technology Sdn Bhd.

In a poll released on Wednesday (Dec 15), Zurich Malaysia said this is concerning as the Fire and Rescue Department reported receiving 38,865 calls about fires in 2020, an average of a call every 14 minutes.