News by Kang Siew Li

The company’s talks with the lender are still at an early stage and there is no guarantee a deal will happen.

"If you go for private financing, the market demands a much bigger return on its investment than the government does. Thus, airport charges necessarily have to be higher."

All affected Firefly passengers will be reallocated onto Malaysia Airlines’ flights.

Tobacco firms have been in a limbo since the SST came into play

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But first, it has to finish construction of the RM1.1 billion Pacific Star development in Section 13, Petaling Jaya, by the end of the year. It also wants to sell off its 51% stake in Evolve Concept Mall in Ara Damansara, Petaling Jaya.

Contractor-cum-developer Crest Builder Holdings Bhd, which has seen its earnings and revenue fluctuate from year to year, plans to reduce the fluctuations by staggering the timing of its property projects, says managing director Eric Yong Shang Ming.

Deep-pocketed construction company Kerjaya Prospek Group Bhd is defying concerns over a property market slowdown as it continues to pull in orders. Over the past three months, it has bagged four projects totalling more than RM1 billion.

Consortium Zenith BUCG Sdn Bhd (CZBUCG), which is currently undertaking a RM6.3 billion project to build three expressways and an undersea tunnel linking Penang island to the mainland, has its sights set on clinching several more mega projects here.

Company has high hopes of being chosen because of its current relationship with CZBUCG