News by theedgemalaysia.com

Universiti Utara Malaysia (UUM) has signed a memorandum of agreement (MOA) with the Malaysian Institute of Property and Facility Managers (MIPFM) to establish Strata Management Basic course to raise the bar for the stratified property management industry.

Shares in Tafi Industries Bhd (KL:TAFI) surged to their highest in 18 months on Monday, after the company secured contracts for construction, piling and furniture works worth a combined total of RM207.46 million.

Chin Hin Group Property Bhd (KL:CHGP) unveiled its first development in Penang called Crown Penang on Saturday.

Tafi Industries Bhd (KL:TAFI) has bagged a construction contract as well as piling and project furniture works worth a combined total of RM207.46 million for a mixed-use development project that comprises a serviced apartment and a small-office, home-office (SOHO) block in Setia Alam, Selangor.

Malaysia Rail Link Sdn Bhd (MRL) said it will remain the asset owner of the East Coast Rail Link (ECRL) throughout its operational phase, regardless of its planned joint venture (JV) with the project's main contractor, China Communication Construction Company Ltd (CCCC), to share the operational risks of the project once construction is completed.

Construction and power utilities group JAKS Resources Bhd (KL:JAKS) has partnered with Shanghai-based China Power Engineering Consulting Group International Engineering Co Ltd (CPECC INT'L) to bid for the development of solar photovoltaic (PV) plants with a maximum aggregate capacity of 500 megawatt of alternating current (MWac), under the Energy Commission’s fifth Large Scale Solar (LSS5) programme.

Minetech Resources Bhd (KL:MINETEC) has bagged a contract to undertake the proposed construction and completion of road and drainage works for Banting Industrial City in Kuala Langat, Selangor, worth RM4.05 million.

Kimlun Corp Bhd (KL:KIMLUN) is forming a joint venture company (JVco) with Singapore-listed Astaka Holdings Ltd’s (AHL) indirect 50.99%-owned unit Astaka Capital Sdn Bhd (ACSB) to develop a residential serviced apartment project in Johor Bahru.

Kenanga Research said real estate investment trusts (REITs) are not the best alternative to holding cash, while reiterating its 'neutral' call on the sector.

Internet of Things (IoT) solutions provider G3 Global Bhd (KL:G3) has secured a project to develop the National Integrated Migrant Workers Dormitory (NiMWD) for the Maldives government.