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Korn Ferry sees 3.6% rise in real wages in 2019

KUALA LUMPUR: Real wages in Malaysia are expected to grow by 3.6 per cent in 2019, a slight increase from 3.5 per cent predicted last year, adjusted for an inflation rate of 1.4 per cent, according to the Korn Ferry 2019 Salary Forecast.

Bonuses for the construction sector are expected to be amongst the highest in 2019 at 2.8 months.

Kerjaya Prospek secures RM155m Cyberjaya construction job

KUALA LUMPUR: Kerjaya Prospek Group Bhd's unit has received a RM155mil contract from Aspen Entity Sdn Bhd, a wholly owned subsidiary of HCK Capital Group Bhd, to undertake construction works for a proposed development in Cyberjaya, Selangor.

Barakah gets contract from Petrofac

PETALING JAYA: Barakah Offshore Petroleum Bhd has been awarded a five-year contract for maintenance, construction and modification work by Petrofac (Malaysia-PM304) Ltd.

In a Bursa Malaysia filing yesterday, Barakah said the total value of the contract was not fixed and would depend on work orders to be issued by the client from time to time throughout the duration of the contract

Trading ideas: Aeon Credit, CIMB, Deleum, Vizione

KUALA LUMPUR: Aeon Credit Service (M) Bhd, CIMB Group Holdings Bhd, Deleum Bhd and Vizione Holdings Bhd are among the stocks to watch on Wednesday, according to JF Apex Research.

Analysts: Takeover price for SelProp is attractive

PETALING JAYA: The revised takeover price of RM6.30 per share offered by Selangor Properties Bhd’s controlling shareholder is considered attractive, although it remains below the company’s book value per share, according to analysts.

The Wen family, that owns 68.23% of Selangor Properties via its investment vehicle Kayin Holdings Sdn Bhd, raised its proposed selective capital reduction (SCR) and repayment offer price by 30 sen for the second time yesterday.

Singapore home sales down 50%

SINGAPORE: Private-home sales in Singapore halved in December from the month prior as developers marketed fewer projects and buyers decamped from the city-state on holiday.

Developers sold 602 units last month versus 1,201 in November, the Urban Redevelopment Authority said in a statement yesterday.

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