News by syafiqah Salim

Sunway Construction Group Bhd (SunCon) has won a RM218.76 million contract to build a 50 MW photovoltaic plant in Kampar district in Perak.

This is despite some investment analysts seeing an increase in the overhang of both residential and commercial properties, although the home price index has begun to soften in 2022.

RDC Arkitek is the architect appointed by Austin Senibong Development Sdn Bhd for the construction of 77 units of three-storey shop offices at Bandar Jaya Putra in Tebrau district.

The project was previously delayed as GDB suspended work due to payment issues.

OCBC Malaysia is the sole sustainability structuring adviser for Gamuda’s maiden ESG-linked holistic financing solution totalling up to RM550 million.

The research house said three diversified contractors, namely Gamuda Bhd, IJM Corp Bhd and Malaysia Resources Corp Bhd (MRCB), are of the collective view that the MRT3 project would proceed.  

There are also new and refreshed stores at both Genting Highlands Premium Outlets (Burbery and Salvatore Ferragamo) and Johor Premium Outlets (Balenciaga, Bally, Fendi, Hooga, Karl Lagerfeld, Kenzo, Sacoor Outlet and Valentino) to welcome visitors.

The Employees Provident Fund (EPF), as the sole unitholder of Alpha Real Estate Investment Trust (Alpha REIT), has taken the decision to terminate and wind up the unlisted shariah-compliant REIT.  

Pharmaceutical and veterinary products manufacturer YSP Southeast Asia Holdings Bhd (YSPSAH) is buying a property in Bandar Baru Bangi, Selangor for RM31 million.

Eco World Development Group Bhd (EcoWorld)’s quarterly net profit was hit by impairment in the fourth quarter ended Oct 31, 2022 (4QFY2022), as it contracted to RM1.78 million compared with RM42.84 million a year ago.