Econpile Holdings Bhd climbed to its highest in nearly three years on Friday as analysts urge investors to buy more of the piling company’s stock following its latest contract win.

Energy infrastructure and marine services provider Coastal Contracts Bhd has ventured into the tourism industry by acquiring an 82% equity interest in a company undertaking an overwater resort in Sabah for RM18.98 million.

Coworking space provider INFINITY8 will be opening its latest outlet in Penang in the third quarter this year. This roughly 25,000 sq ft space will be located within a 150-year-old building and will be its first outlet in the northern part of Peninsular Malaysia.

Bank Negara Malaysia (BNM) has opted to keep the Overnight Policy Rate (OPR) stable at 3%, in contrast to some of our neighbouring countries such as the Philippines, Indonesia and Thailand, which have been increasing their rates for the past months.

Piling and foundation specialists Econpile Holdings Bhd has secured a contract worth RM83 million to undertake the sub-contract works consisting of earthworks, retaining structure, piling, and road deck and ancillary works, among others.

CTOS Digital Bhd on Thursday said its wholly owned unit CTOS Data Systems Sdn Bhd (CDS) has applied for a stay of execution of a High Court judgement after CDS was ordered to pay damages to its client over inaccurate negative credit rating.

The Real Estate and Housing Developers’ Association (Rehda) Malaysia has defended the proposed Urban Redevelopment Act, which is currently being drafted by the Ministry of Housing and Local Government (KPKT), saying it is not to enable property developers to seize land for profit.

Sime Darby Property Bhd saw a total of 376 units of properties worth RM352 million booked after running its Dragon Deals campaign.

Global real estate network IQI has signed a Memorandum of Understanding to establish an advanced technology manufacturing park in Cambodia.

The Transport Ministry will be examining concept proposals for the Kuala Lumpur-Singapore high-speed rail (HSR) project with a focus on minimising financial implications for the government.