News by TheEdgeMarkets.com

Retail trade value rose 37.5% and wholesale trade value grew 20.6%.

WBSB is principally involved in construction and integrated facilities management activities.

Parkson Holdings Bhd's 54.97%-owned subsidiary, Parkson Retail Group Ltd (PRG), is to sell commercial properties with an aggregate construction area of 76,013 square metres in Qingdao, China for 280 million yuan (RM182 million).

Lim Seong Hai Capital Bhd (LSH Capital) has entered into a collaboration agreement with Gamuda Bhd to boost construction efficiency through promoting the use of digital industrial building system (IBS) in the construction industry.

Property developer Encorp Bhd has teamed up with Touch Group Holdings Sdn Bhd to jointly develop a 4.97-acre piece of land in Kuantan, Pahang into a mixed development featuring retail lots, serviced apartments and a car park podium.

There is a possible overhang for the construction sector amid the looming 15th general election (GE15), said RHB Research.

Fitters Diversified Bhd is divesting 18.97-hectare agriculture land with residential development potential in Rawang for RM36 million.

Bank Negara Malaysia (BNM)’s Monetary Policy Committee (MPC) has raised its overnight policy rate (OPR) by 25 basis points (bps) to 2.5% on Thursday (Sept 8), in line with expectations for further normalisation of monetary policy as the country’s economic growth and inflation gain momentum.

In a technical stock pick note today, the research house said yesterday’s gains broke the downtrend from RM1.09 in April 2021, and also the previous significant resistance.

Trive Property Group Bhd announced that it has cut off talks with Syarikat Perumahan Negara Bhd (SPNB) in relation to being a turnkey contractor for an affordable housing project amounting to RM1.1 billion in gross development value (GDV).