KUALA LUMPUR (March 18): Eversendai Corp Bhd, which announced last week that it had secured four new projects worth an aggregate RM5.4 billion, said it is unable to provide a value breakdown of the projects due to non-disclosure agreements (NDAs). The construction group, whose shares have surged 68.3% since the announcement of the hefty contract…
Read MoreKUALA LUMPUR (March 15): Kwasa Land Sdn Bhd, a wholly owned subsidiary of Employees Provident Fund (EPF) and master developer of Kwasa Damansara, has announced a partnership with Impiana Land & Development Sdn Bhd (Impiana) to develop 47 acres of residential development called Serene Kwasa Damansara in Kwasa Damansara, according to a press statement on…
Read MoreBy Joseph Wong Property buyers in Malaysia often look forward to the completion of their dream homes. However, the issue of Extension of Time (EOT) has been a thorny one for many buyers, leaving them feeling unfairly treated. One of the primary concerns for property buyers is the delayed possession of their homes and when…
Read MoreKUALA LUMPUR (March 15): Binastra Corp Bhd has secured a contract worth RM369.95 million to undertake construction and completion of main building works and infrastructure projects. In a filing with Bursa Malaysia on Friday, Binastra announced that its wholly owned subsidiary Binastra Builders Sdn Bhd had accepted the letter of award from Exsim Jalil Sdn…
Read MoreKUALA LUMPUR (March 15): Master Builders Association Malaysia (MBAM) urges the government to provide tax exemptions for intragroup services in logistics and maintenance and repair services, and not only for the same taxable services under the logistics services. Intragroup services are any services provided by related companies, and these services should be tax exempted. This…
Read MoreKUALA LUMPUR (March 15): Econpile Holdings Bhd climbed to its highest in nearly three years on Friday as analysts urge investors to buy more of the piling company’s stock following its latest contract win. The counter rose as much as 8.2% to a high of 46 sen during the morning session, its highest since June…
Read MoreKUALA LUMPUR (March 15): Malaysia has successfully seized properties valued at RM990 million related to drug crimes since 2019, said Home Minister Datuk Seri Saifuddin Nasution Ismail. (pictured) He said recognising the intricate connections between drug trafficking, corruption and other forms of organised crime, Malaysia remains steadfast in implementing effective strategies to combat those threats…
Read MoreKUALA LUMPUR (March 14): Exsim Development Sdn Bhd said on Thursday that its property development business will not be injected into Pan Malaysia Holdings Bhd (PMHB). The company clarified in a statement that it is not related to Exsim Hospitality Holdings Sdn Bhd, which was acquiring a 65.9% stake in PMHB even as both companies…
Read MoreKUALA LUMPUR (March 14): Shares of Eversendai Corp Bhd extended its rally and surged to its highest in five years as investors continued to accumulate the stock following contract wins totalling RM5.4 billion. Eversendai climbed as much as 16.7% or 6.5 sen to 45.5 sen during the morning session, its highest since January 2019. The…
Read MoreKUALA LUMPUR (March 14): CTOS Digital Bhd on Thursday said its wholly owned unit CTOS Data Systems Sdn Bhd (CDS) has applied for a stay of execution of a High Court judgement after CDS was ordered to pay damages to its client over inaccurate negative credit rating. Prior to filing the stay of execution, CTOS…
Read More
