KUALA LUMPUR (Aug 6): All construction companies are reminded not to be ‘selective’ and to prioritise local skilled labour when hiring workers in the sector, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi. Amad Zahid, also minister of rural and regional development, said the government will incur long-term losses if the construction sector…
Read MoreParamount Property is set to transform the homeownership journey through its innovative Homebound Happiness campaign. This initiative aims to enhance the happy journey of a homebuyer into a homeowner with a range of exclusive discounts and rewards through partnerships with 11 distinguished brands namely Rinnai, Signature Kitchen, Panasonic, Electrolux, Samsung, Bosch, Kineta, Locks ‘n’ More,…
Read MoreKUALA LUMPUR (Aug 5): Encorp Bhd (KL:ENCORP), through its joint venture with the Federal Land Development Authority (Felda), has handed over the first phase of the 46-acre Lamanda Chuping township in Perlis, comprising double-storey residential landed units, to homebuyers last Saturday (Aug 3). Lamanda Chuping is a key initiative under the Perumahan Warga Felda programme,…
Read MoreKUALA LUMPUR (Aug 5): SkyWorld Development Bhd has contributed RM50,000 to SkyMeridien Residences’ sinking fund to reward the latter’s win at the The Edge’s Best Managed and Sustainable Property Awards 2024 (BMSPA 2024). “At SkyWorld, we live by our company’s purpose: ‘Make Living Better’. This commitment is about more than just building structurally sound and…
Read MoreKUALA LUMPUR (Aug 5): Shares of construction and property group WCT Holdings Bhd (KL:WCT) plunged to their lowest in one month, after the stock exchange suspended intraday short-selling activities of the stock on Monday morning. The suspension was triggered after the counter dropped more than 15% or 15 sen from its reference price. The stock’s…
Read MoreKUALA LUMPUR (Aug 5): Even if the United States (US) Federal Reserve cuts its interest rates as anticipated, Bank Negara Malaysia (BNM) is expected to hold the Overnight Policy Rate (OPR) at 3% by the end of 2025, amid a strengthening ringgit. Maybank Investment Bank Bhd (Maybank IB) said with easing inflation and rising unemployment,…
Read MoreKUALA LUMPUR (Aug 2): Trading of the shares in Ecobuilt Holdings Bhd (KL:ECOHLDS) will be suspended, after the High Court approved a winding-up petition against the company. The suspension will take effect next Friday, Aug 9, the construction cum property firm said in a filing with the local stock exchange. To recap, Ecobuilt was served…
Read MoreKUALA LUMPUR (Aug 2): Construction and property group WCT Holdings Bhd (KL:WCT) plans to raise up to RM163.06 million via a private placement of shares to third-party independent investors. The fundraising exercise involves the issuance of 141.67 million new shares, equivalent to up to 10% of its 1.42 billion issued shares. Of the planned RM163.06…
Read MoreKUALA LUMPUR (Aug 1): Mitrajaya Holdings Bhd (KL:MITRA) has clinched a contract worth RM37.91 million for the construction of a four-storey building with one level of sub-basement car park in Kuala Lumpur. The company, through its wholly-owned Pembinaan Mitrajaya Sdn Bhd, accepted the letter of award (LOA) from a local company on Tuesday. The contract…
Read MoreKUALA LUMPUR (Aug 1): YTL Hospitality Real Estate Investment Trust (KL:YTLREIT) reported a 9.7% increase in net property income (NPI) for its fourth quarter ended June 30, 2024 (4QFY2024), rising to RM65.8 million from RM59.9 million a year earlier, driven by higher contributions from both the hotel and property rental segments. Quarterly revenue grew 10.7%…
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