Signature International sells aluminium, facade businesses for RM17.5m
... amid increasing challenges in the construction market such as cost overrun and a spike in project material costs.
Pesona Metro bags RM242 mil construction contract
Pesona Metro Bhd has bagged a construction contract worth RM242.2 million for the main building works of a mixed development project in Kuala Lumpur.
GuocoLand saw 29.4% higher 3Q earnings even though revenue fell 7.4%
Property developer GuocoLand (Malaysia) Bhd’s net profit rose 29.42% to RM8.71 million in its third quarter ended March 31, 2023 (3QFY2023) from RM6.73 million a year earlier (3QFY2022).
Maybank IB upgrades S P Setia for undemanding valuation, target price 70 sen
Maybank Investment Bank Research has upgraded S P Setia Bhd (SPSB) to “Buy” at 53 sen with an unchanged target price (TP) of 70 sen and said SPSB’s 1Q23 core net profit of RM50.3 million (-7.6% y-o-y, -49.3% q-o-q) was in line with estimates.
NGO trio calls out Gamuda’s claim on rigorous EIA process and positive public support for PSI, a 'red herring'
Three non-governmental organisations (NGOs) have lambasted Gamuda Bhd’s claim that the Penang South Island (PSI) project was approved after rigorous environmental impact assessment (EIA) process and public’s overwhelming support.
MBAM to highlight safe and healthy work environment in Safety and Health Conference 2023
The Master Builders Association Malaysia (MBAM) has commenced its 21st edition of the annual Safety and Health Conference 2023 at Sunway Resort Hotel on Wednesday (May 17).
Mid Valley City closed until further notice after fire incident
Mid Valley City will be closed until further notice after a fire incident on Wednesday (May 17) morning.
Pavilion REIT fixes private placement issue price at RM1.22, to raise RM720m
In a filing to Bursa Malaysia on Wednesday (May 17), the REIT said the proceeds raised will be used to partially fund its RM2.2 billion acquisition of Pavilion Bukit Jalil (PBJ Mall) from Malton Bhd.
Berjaya Land eyes high-speed rail project with launch of rail unit
Berjaya Land Bhd (BLand) is venturing into the rail business with the launch of Berjaya Rail Sdn Bhd (Berjaya Rail), with intent to venture into the rail business, particularly in the high-speed rail project.
