KUALA LUMPUR (May 9): Solarvest Holdings Bhd (KL:SLVEST) said on Thursday that it has secured a contract worth RM40.4 million to install rooftop solar photovoltaic (PV) systems. The agreement involves engineering, procurement, construction and commission (EPCC) work at eight sites in Malaysia owned by Scientex Bhd (KL:SCIENTX) with a cumulative capacity of 21 megawatt peaks,…
Read MoreKUALA LUMPUR (May 8): IJM Land Bhd has achieved 55% take-up rate for serviced apartment Daffodil Residency since its launch on March 1, according to a press statement on May 7. Daffodil Residency is located within IJM Land’s 1,163-acre Alam Suria township (formerly known as Shah Alam 2) in Puncak Alam, Selangor. The township was…
Read MoreKUALA LUMPUR (May 8): GCH Retail (M) Sdn Bhd, the operator of Giant hypermarkets, said the courts are still deciding on the company’s tenancy dispute with its landlord over premises it is currently occupying in Batu Caves. The hypermarket operator said it has appealed against a court order to surrender the 180,000 sq ft premises,…
Read MoreKUALA LUMPUR (May 7): A 47-year-old was confirmed dead while a 26-year-old man suffered serious injuries when a huge tree came crushing down on 17 vehicles along Jalan Sultan Ismail, just outside the Concorde Hotel, during a thunderstorm and heavy rain, at about 2.19pm here Tuesday. Apart from damaging vehicles passing by the busy segment…
Read MoreKUALA LUMPUR (May 7): Practice Note 17 (PN17) company Ireka Corp Bhd said its wholly-owned Ireka Development (Terengganu) Sdn Bhd (IDTSB) and the unit’s directors are being sued by the Employee Provident Fund (EPF) over unpaid contributions to the fund. In a bourse filing on Monday, the construction outfit said EPF is claiming a principal…
Read MoreKUALA LUMPUR (May 7): Pahang-based hypermarket operator TF Value-Mart Sdn Bhd has initiated legal action against GCH Retail (Malaysia) Sdn Bhd, operator of the Giant Hypermarket brand, citing loss of business and non-compliance with a court order to surrender a 180,000 sq ft premises located in Batu Caves. TF Value-Mart, which operates a chain of…
Read MoreKUALA LUMPUR (May 7): Malaysia’s central bank is unlikely to follow its counterparts in Indonesia and Philippines in raising interest rates when its monetary policy committee meets this week, HSBC said. The ringgit has been under pressure though a rate hike is not a “panacea”, HSBC said in a note. In fact, recent experience of…
Read MoreGig workers who do not have fixed income and job security make banks hesitant to approve them for housing loans. Freelancers, contract employees and other casual hirelings, otherwise known as gig workers, are changing the way traditional banks work in Malaysia. Quite a portion of a new generation of workforce make up the unsung heroes…
Read MoreKUALA LUMPUR (May 7): Ho Hup Construction Co Bhd’s RM1 billion mixed development project in Bukit Jalil will be suspended as it plans to sell the project’s 3.09-acre land for RM110 million cash. The disposal deal, inked between Ho Hup’s wholly-owned unit Bukit Jalil Development Sdn Bhd (BJD) and Exsim Development Sdn Bhd’s wholly-owned subsidiary…
Read MoreContributed by Datuk Chang Kim Loong THE Strata Management Tribunal was created following the Strata Management Act 2013 (SMA) which came into force on June 1, 2015. This quasi-judicial body is authorised to decide on disputes or complaints concerning the performance of duties and exercise of powers conferred or imposed by the Act. Parties bound…
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