The Finance Ministry has allocated RM1.9 billion to Prasarana Malaysia Bhd to buy 1,560 new diesel and electric buses in phases over a three-year period.

With the proposed Urban Renewal Act (URA) set to be tabled in June, an expert has said the building age threshold should be higher than 30 years.

The government has announced a 50% toll discount for highway travel this Friday and Saturday (March 28 and 29), in conjunction with Hari Raya Aidilfitri.

Property developer Symphony Life Bhd (KL:SYMLIFE) has named Datuk Kenneth Vun Yun Liun as its new managing director.

The Task Force on Sick and Abandoned Private Housing Projects (TFST) has revived 89 private housing projects, with a combined gross development value (GDV) of RM6.48 billion, in the first two months of this year.

Mechanical and electrical engineering services specialist Bintai Kinden Corp Bhd (KL:BINTAI) has won a RM27.15 million contract for the construction of six blocks of shop offices in Seremban.

Nestcon Builders Sdn Bhd, a wholly-owned subsidiary of construction outfit Nestcon Bhd (KL:NESTCON), has secured a construction contract worth RM228.30 million from Paramount Property (Cityview) Sdn Bhd. 

Gamuda Bhd (KL:GAMUDA) reported a 4.8% year-on-year increase in net profit for the second fiscal quarter thanks to domestic construction projects, particularly the Penang land reclamation works.

Noteworthy:

• Freehold
• Land size: 348,480 sq ft
• Nearby amenities: various small businesses, F&B outlets, and residential areas, Hang Jebat Stadium, Lotus @ Melaka Cheng
• Accessibility: Lebuh AMJ, Lebuh SPA

When: December 2024

Diona Teh Li Shian, daughter of Public Bank Bhd founder, the late Tan Sri Teh Hong Piow, has purchased a Good Class Bungalow (GCB) in Singapore’s Tanglin Hill neighbourhood, for a record-breaking price of S$93.9 million (RM311 million) or S$6,197 psf, according to Bloomberg News.