KUALA LUMPUR (Feb 7): LFE Corp Bhd has secured a RM10.97 million contract from Puncakcity Development Sdn Bhd (PDSB) for earthworks and related works. In a statement on Wednesday, LFE detailed that its wholly owned subsidiary, LFE Engineering Bhd, has been appointed as the contractor for the project. The contract, effective immediately, is slated for…
Read MoreKUALA LUMPUR (Feb 7): Econpile Holdings Bhd has secured a RM30 million contract to undertake substructure works for a 15-storey office building in Shah Alam. In a filing with Bursa Malaysia on Wednesday, the construction company said the contract, awarded by Chingsan Development Sdn Bhd, is expected to contribute positively to its revenue and earnings…
Read MoreKUALA LUMPUR (Feb 7): The Works Ministry will temporarily reduce the speed limit on all federal roads nationwide from 90 kilometres per hour (km/h) to 80 km/h starting Thursday until Feb 13 in conjunction with the Chinese New Year celebrations. The ministry, in a statement, said the temporary reduction in speed limit is among the…
Read MoreKUALA LUMPUR (Feb 6): In a move towards the development of smart cities in Malaysia, Gamuda Land has announced a collaboration with Digital Nasional Bhd (DNB), marking a key step in enhancing 5G connectivity and infrastructure within its townships. The partnership, formalised through a memorandum of understanding (MOU), aims to explore the full spectrum of…
Read MoreScientex is buying 1,094 acres of agricultural land in Muar, Johor, for RM200 million to develop a mixed property project. (Scientex pic) PETALING JAYA: Research houses are positive on Scientex Bhd’s proposed acquisition of 1,094 acres of agricultural land in Muar, Johor, for RM200 million to develop a mixed property project. The plastic products manufacturer…
Read MoreMeanwhile, Kuala Lumpur mayor Datuk Kamarulzaman Mat Salleh, announced that the recently introduced GOKL Route 15 has initiated services, linking passengers from Prima Alam Damai to HCTM since Feb 1. KUALA LUMPUR (Feb 6): The government aims for eight out of 10 households in the federal capital to be within a 10-minute radius of any nearby…
Read MoreKUALA LUMPUR (Feb 6): Guocoland (Malaysia) Bhd reported a 36.64% decrease in net profit to RM5.67 million for the second quarter ended Dec 31, 2023 (2QFY2024), compared with RM8.95 million a year ago, despite higher revenue. The decline in net profit was attributed to the better gross margin previously amid the finalisation of development costs of…
Read MoreKUALA LUMPUR (Feb 6): A total of 2,093 illegal dumpsites were closed involving an estimated clean-up cost of RM1.6 million in 2023, said Housing and Local Government Minister Nga Kor Ming. He said the operation of cleaning and closing illegal dumpsites carried out in seven states through the Solid Waste and Public Cleansing Management Act…
Read MoreKUALA LUMPUR (Feb 6): Property developer Titijaya Land Bhd’s 70%-owned indirect subsidiary Pride Hectares Sdn Bhd is buying a five-storey medium-cost flat building, comprising 97 two-bedroom units, in SS15, Subang Jaya, Selangor from Bank Negara Malaysia (BNM) for RM44.5 million cash. It intends to redevelop the properties into mixed commercial properties. In a filing with Bursa…
Read MoreKUALA LUMPUR (Feb 6): YTL Land & Development Bhd’s Dedaun Rimba project, located within the 2,259-acre Kwasa Damansara township development, saw its link houses fully sold and its townhouses 80% taken up during a sale preview held on Feb 4. With a gross development value of RM250 million, Dedaun Rimba is a 12.7-acre low-density, gated-and-guarded…
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