Author: Coach Rashid

Sabah to get country’s first ‘water village’ fire-fighting unit, says report

KOTA KINABALU (March 19): Sabah will host the country’s first “water village” unit, reported Free Malaysia Today (FMT) today. Urban wellbeing, housing and local government ministry secretary-general Datuk Seri Mohammad Mentek (pictured) said the unit based in Semporna “would specialise in fire-fighting and rescue operations in water settlements”. “The water settlement unit will comprise existing […]

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CapitaLand REIT is reportedly eyeing office tower owned jointly by Malaysia and Singapore state funds

KUALA LUMPUR (March 19): CapitaLand Commercial Trust, Singapore’s biggest office landlord, is among suitors pursuing a potential acquisition of the Duo office and retail development in the lion city, according to sources with knowledge of the matter. Negotiations for the 39-storey Duo Tower, along with the linked Duo Galleria Mall, have already started with the […]

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MRCB stepping up the game with building system

KUALA LUMPUR (March 19): Malaysian Resources Corp Bhd (MRCB) is stepping up the game in the construction industry by eyeing to introduce the country’s first volumetric building system by year end. Executive vice-president Datuk Seri Judin Abdul Karim said MRCB’s building system (MBS) is a combination of prefabricated prefinished volumetric constructions and a jointing system […]

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Federal govt to restore ‘sick’ projects in Sarawak – Baru Bian

KUCHING (March 19): The Federal Government will ensure that ‘sick’ projects under the previous government, especially in Sarawak, will be restored immediately and effectively implemented until fully completed. Works Minister Baru Bian said, the ‘sick’ projects in Sarawak include Sri Aman Hospital, Petra Jaya Hospital and a number of schools, especially in remote areas which lacked road accessibility making it difficult to transport […]

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CIDB sees construction sector growing despite uncertainties

KUALA LUMPUR (March 19): The local construction sector is expected to grow in 2019 despite lingering uncertainties concerning mega-infrastructure projects, intense competition and potential consolidation. Construction Industry Development Board (CIDB) chairman Tan Sri Dr Ahmad Tajuddin Ali (pictured) said while the on-going re-evaluation of mega-infrastructure projects has led to more intense competition, it has also transformed construction […]

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Parliament: Decision soon for new housing, industrial projects to provide internet access – Gobind

KUALA LUMPUR (March 19): The Communications and Multimedia Ministry hopes to implement soon the decision requiring all new housing and industrial projects to provide Internet access, the Dewan Rakyat was told today. Minister Gobind Singh Deo said discussions on the matter are ongoing and a decision may be forthcoming soon. The implementation of the policy will do […]

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Police on high alert after NZ mosque attack: IGP

Police on high alert after NZ mosque attack: IGP KUALA LUMPUR (March 19): The police went on high alert throughout the country immediately after the attack on two mosques in New Zealand last Friday, Inspector-General of Police Tan Sri Mohamad Fuzi Harun said today. He said policemen were instructed to monitor all temples and churches […]

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Schools administration can close school due to haze

Schools administration can close school due to haze KUALA LUMPUR (March 19): School administrations are allowed to close school or restricting outdoor activities without prior permission from Education Ministry if the Air Pollutant Index (API) worsens due to haze. Deputy Minister Teo Nie Ching said schools had been given the authority to make the decision […]

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Higher FY20, FY21 profits seen for Sunway REIT

Sunway Real Estate Investment Trust (March 18, RM1.78) Maintain hold with a fair value (FV) of RM1.75: We maintained our “hold” call on Sunway Real Estate Investment Trust (Sunway REIT) with a higher FV of RM1.75 from RM1.68 based on a financial year 2020 (FY20) target yield of 6%, following an earnings revision on FY20 […]

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