Combining the contract sum and the advance payment, the total consideration under the letter of award (LOA) would amount to RM172.66 million, it said in a filing with Bursa Malaysia today.
The proposed reclamation of land measures approximately 48.56 hectares and is located in Mukim Tanjung Kling, Daerah Melaka Tengah, ancillaryRead More »
NEW YORK: Investors unnerved by the fallout from heavily indebted Chinese real estate company Evergrande were gauging the potential for a wider shakeout after a selloff hit stocks around the world.
For now, many U.S.-based investors believe there is little chance that the woes of Evergande, China’s second-largest property developer, could morph into a systemic crisis reminiscent of the 2008 collapse of Lehman Brothers.
Still, with valuations on U.S. equities stretched on a historical basis and an unwind of the Federal Reserve’s easy money policies looming, some worry that a sudden drop in risk appetite could leave global markets vulnerable to a broader selloff.
"We have a very cRead More »
KUALA LUMPUR: MGB Bhd said it has secured a turnkey project to develop a 1,000 acres industrial estate in Kertih, Terengganu.
The project was awarded by Retro Court Sdn Bhd, a private company owned by Datuk Hendri Dahlan and Cheah Tuck Hing.
Under the deal, MGB's wholly owned MGB Construction & Engineering Sdn Bhd was appointed as the turnkey contractor to undertake the entire design, financing, construction and completion, sales and marketing and credit administration of all that piece and parcel of the land measuring approximately 1,006.70 acres located in TRead More »
KUALA LUMPUR (Bernama) -- Gadang Holdings Bhd’s wholly-owned subsidiary, Gadang Engineering (M) Sdn Bhd (GESB), has secured a RM100.34 million subcontract works for Central Spine Road Package 2 from Binary Vista Sdn Bhd.
In a filing with Bursa Malaysia, the company said GESB would be the subcontractor to undertake demolition, site clearance, earthwork and access bridge to Kuala Berang, Terengganu.
It said the subcontract is expected to contribute positively to the earnings and net assets of Gadang for the financial year ending May 31, 2022 and onwards, during the duRead More »
PETALING JAYA: The property market is expected to be on a recovery path in line with the gradual economic recovery, supported by the implementation of various government initiatives and assistance, said the National Property Information Centre (Napic).
It said the property market performance recorded a significant increase in the first half (H1) of 2021 as compared to the same period last year.
In the Malaysia Property Market Report for H1 of 2021, it said a total of 139,754 transactions worth RM62.01bil were recorded, showing an increase of 21% in volume and 32.1% in value compared to the same period last year.
Volume of transactions across the sub-sectors showed upward movements, it said, with the residential, commercial, industrial, agriculture and development land sub-sectors recording year-on-year (y-o-y) growth rates of 22.2%,Read More »
Thursday, 8 September 2016 KOTA KINABALU: The number of construction projects recorded in Sabah reached 108 by mid-2016 and were worth a total of RM1.8bil. Chief Minister Datuk Seri Musa Aman said out of this number, 54 per cent were infrastructure projects, housing (21%), social amenities (3% and non-housing …Read More »
Thursday, 27 July 2017 KUALA LUMPUR: The Government is considering the setting up of a body to regulate the property industry. Second Finance Minister Datuk Seri Johari Abdul Ghani said the problem with the local property market was that there was no single authority supervising it. Many developers, he said, …Read More »
Thursday, 13 July 2017 ANKARA – Turkey and Israel are determined to sign an agreement to construct a pipeline to supply gas from Israel’s Leviathan and Tamar fields to the European Union by the end of the year, Israeli Energy Minister Yuval Steinitz said Wednesday, cited by local media. He …Read More »
Wednesday, 29 March 2017 BEIJING: Activity in China’s vast manufacturing sector likely grew for an eighth straight month in March as a surprise rebound in the property market added to a construction boom, boosting sales of building materials from steel to cement, according to a poll. The official manufacturing Purchasing …Read More »
Saturday, 11 February 2017 PETALING JAYA: Various sectors in Malaysia recorded positive growth despite global economic uncertainties, raking in billions of ringgit in revenue in the final quarter of last year. The services sector amassed RM368 billion in the fourth quarter of last year, followed by manufacturing (RM61.5 billion), and …Read More »