Companies that provide short-term consumer loans at high interest rates are on the increase in countries like Indonesia and the Philippines as many people struggle to get advances through traditional channels such as banks.
KUALA LUMPUR: Econpile Holdings Bhd
's unit will undertake the construction of working bored piles for the proposed Pavilion Damansara Heights (Parcel 2) mixed development at Jalan Damanlela, Kuala Lumpur, for a sum of RM122mil.
The contract, awarded by Jendela Mayang Sdn Bhd to Econpile (M) Sdn Bhd, is for a duration of 13 months.
"The Contract is the main stream business of EMSB and is expected to contribute positively to the revenue and earnings of Econpile for the financial year ending 30 June 2019," it said in a stock exchange filing.
At 12.30pm, Econpile was trading 1.5 sen or 2.16% higher at 71 sen per share with 2.85 million shares traded.
Limited time offer:
Just RM5 per month.
