News by theedgemalaysia.com

The investments will have to be in the targeted manufacturing sectors promoted by the government through its New Investment Policy and the upcoming New Industrial Master Plan 2030

King’s Park Development Sdn Bhd (formerly known as Highlands Park City Sdn Bhd) has officially launched its latest integrated mixed-use development, named King’s Park in Genting Highlands, via an opening ceremony of its sales gallery on Saturday (July 22).

A former director of Consortium Zenith Construction Sdn Bhd (CZCSB) told the Sessions Court on Friday (July 21) that it was impossible for a RM2 million payment to have made its way to Lim Guan Eng, when he had been initially told it was paid via businessman G Gnanaraja to then prime minister Datuk Seri Najib Razak, in order for the company to maintain close ties with Najib.

Building materials wholesaler and distributor Unitrade Industries Bhd is teaming up with Invest Kedah Bhd to jointly develop modular housing systems as centralised labour quarters (CLQs) in Kedah.

Gamuda Bhd’s property arm Gamuda Land has entered into an agreement to acquire a 9.1-acre site in Thu Duc City in Ho Chi Minh City (HCMC), Vietnam, for approximately US$315.8 million (RM1.47 billion).

A former senior vice-president of Finance and Corporate Services of Consortium Zenith BUCG Sdn Bhd (CZBUCG) told the Sessions Court on Thursday (July 20) that former senior director Datuk Zarul Ahmad Mohd Zulkifli told him and another former director of the company that Zarul had bribed former Penang chief minister Lim Guan Eng in relation to the Penang undersea tunnel project.

Suria KLCC Sdn Bhd, a retail asset management group, has commenced a major redevelopment of Alamanda Shopping Centre in Putrajaya. The project, which commenced on June 20 this year, is expected to complete in the fourth quarter of 2024.

Tropicana Corp Bhd is poised to launch SouthPlace 2 Residences serviced apartments and SouthPlace 2 Shoppes retail lots within its 88-acre Tropicana Metropark township in Subang Jaya in 3Q2023.

Property Developer UEM Sunrise Bhd piqued investor interest as its share price reached a two-year high and its shares were traded actively on Bursa Malaysia in the morning session on Thursday (July 20).

RHB Research has maintained an "overweight" call on the construction sector, with awards from the public sector seen picking up post-state elections in August, should the status quo be maintained.