News by theedgemarkets.com

In a filing with the bourse, the REIT said its trustee RHB Trustees Bhd has entered into a sale and purchase agreement with Melewar Steel Services Sdn Bhd for the acquisition of a parcel of leasehold industrial land measuring 8,732.6 square metres on which the single-storey warehouse is situated.

Lim Guan Eng: Most of the projects that were procured through direct negotiations were not PH initiatives, but were projects inherited from the former Barisan Nasional administration. The PH government then had instead lowered the cost for some of the projects (projects that were necessary).

The property, with a net lettable area of 285,249 sq ft, comprises a leasehold industrial piece of land with a single-storey warehouse and a double-storey office annex, another single-storey warehouse and other ancillary buildings.

In a bourse filing yesterday, Paramount said on the back of lower revenue, the property division recorded a pre-tax loss of RM2.8 million for 2QFY20 compared with a pre-tax profit of RM41.2 million in 2QFY19, mainly due to lower construction activities and sales achieved.

Cyberjaya tech hub developer Cyberview Sdn Bhd has appointed Chief Secretary to the Government Tan Sri Mohd Zuki Ali as its non-executive chairman.

The new completion date for the Sabah portion of the Pan Borneo Highway will be announced after the tabling of the 12th Malaysia Plan (12MP), which is scheduled for early next year, said Deputy Works Minister Datuk Eddin Syazlee Shith

Terengganu Ecocycle Park will be developed in four phases across approximately 500 acres of land located at Kawasan Lembah Perasing, Mukim Hulu Jabor, Daerah Kemaman, Terengganu Darul Iman.

Malaysia has made the use of face masks mandatory in crowded public areas starting Aug 1, 2020 to curb the spread of the Covid-19 outbreak.

Pua had proposed a motion to amend Datuk Seri Ahmad Maslan's (BN-Pontian) motion of thanks, to facilitate debate on the need for a special select committee to evaluate the actions taken by the government to recover cash and assets related to 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd.

However, the research firm believes Sunway Construction’s current market valuations are still rich.