Berjaya Assets trims 2Q net loss as revenue grows
Quarterly revenue rose 24% to RM58.31 million, from RM47 million in 2QFY2022.
SCIB terminates RM56 mil EPCC contract in Indonesia
... amid a lack of progress in the project arising from Covid-19 pandemic uncertainties and initiatives to review and update SCIB’s order books.
Top Builders granted six-month extension till end-June to submit regularisation plan
The new deadline for the piling and engineering group to submit its regularisation plan to the Securities Commission Malaysia or Bursa Securities has been extended to June 29, 2023.
Samaiden unit receives two notices of arbitration for RM12.21m
SSB had been appointed as a subcontractor for the work packages, which were part of a 100 megawatt alternating current large scale solar photovoltaic plant project in Kerian, Perak.
Pesona Metro bags RM948m construction job in Cheras
Under the turnkey construction agreement signed with property developer Danau Lumayan Sdn Bhd, the project is split into two phases.
Higher profit from associates boosts Guocoland Malaysia profit in 2Q
Net profit jumped to RM8.53 million for 2QFY2023 from RM3.76 million a year ago, despite a 27% drop in revenue to RM76.88 million from RM105.55 million.
PNB’s unit sells land to Lagenda Properties for RM398m cash
Lagenda said the acquisition is part of the group’s land banking strategies, targeting strategic locations nationwide to expand its affordable property development footprint and market presence.
Muhibbah secures RM173m construction award from Penang Development Corp
This is the third contract award secured by Muhibbah in the last three months.
Malaysia's economic growth to slow significantly in 2023, says Fitch Solutions
The firm said the latest data showed that growth already slowed to 7.0% year-on-year (y-o-y) in the fourth quarter of 2022 (4Q2022), from 14.2% in the previous quarter, and the slowdown was broad-based.
Moody’s revises Genting and subsidiaries’ outlook to ‘stable’ amid continued recovery in leisure and hospitality biz
The rating agency has also made similar revisions to the outlook of Genting's wholly owned subsidiaries Genting Overseas Holdings Ltd (GOHL) and Genting Singapore Ltd (GENS).
