News about construction

The contract was awarded to its wholly-owned subsidiary KTI Sdn Bhd by the Construction Industry Development Board.

With this move, PMSB’s paid-up capital increased from RM1 million to RM61 million.

The project is scheduled to be completed within 13 months, starting from July 30, and is expected to contribute positively to Econpile’s revenue and earnings from the financial year ending June 30, 2026 onwards.

The group on Friday inked an agreement with Ipoh Sentral Sdn Bhd (ISSB), following the memorandum of agreement signed between the parties in January, according to a bourse filing.

Ho Hup slipped into Practice Note 17 (PN17) status in April after BJD defaulted on RM112.

The job, awarded by Bayu Melati Sdn Bhd to Econpile’s wholly owned subsidiary Econpile (M) Sdn Bhd, is scheduled for completion within 12 months starting July 14.

Bina Puri Properties Sdn Bhd was served a petition in relation to unpaid taxes amounting to RM849,499, while Bina Puri Sdn Bhd (BPSB) received a separate petition over a larger tax sum of RM4.

The project covers the construction and completion of 1,004 apartment units, along with podium parking, commercial spaces, resident facilities and infrastructure works.

"This is an opportunity to position Malaysia as a key player in the future of construction, driven by innovation, digitalisation and sustainability," KKR said in a statement.

The lack of clarity on US trade policy also added to the pressure investors are facing just days away from the July 9 tariff deadline.