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YFG gets RM30mil contract in Penang

PETALING JAYA: YFG Bhd has received a construction contract in Penang worth RM30mil from a unit of Atta Global Group Bhd.

In a filing with Bursa Malaysia yesterday, YFG said its unit YFG Engineering Sdn Bhd had accepted a letter of award from Sungguh Gemilang Development Sdn Bhd, a subsidiary of Atta Global, for the contract works for the proposed construction of 112 units of 14-storey apartment building and eight units of three-storey terrace houses in Butterworth.

Ideal Jacobs bags RM71mil Sabah job

KUALA LUMPUR: Ideal Jacobs (Malaysia) Corp Bhd’s wholly-owned subsidiary, Widad Builders Sdn Bhd (WBSB), has bagged a RM71mil contract from Pemajuan Ilham Enterprise Sdn Bhd.

In a filing with Bursa Malaysia, Ideal Jacobs said WBSB would be the main contractor for the Malaysia Civil Servants Housing Project (PPAM) in Kota Kinabalu, comprising 301 units of single-storey link houses.

BoK wary of weak job growth, uncertainties

SEOUL: South Korea’s economy may not be strong enough for an immediate interest rate increase due to weak job growth and other uncertainties, minutes from the Bank of Korea’s (BoK) August meeting released yesterday showed four board members saying.

“There is growing concerns about real growth, broadly, as job growth is sluggish when capital investment and construction investment are undergoing corrections,” one of the central bank’s seven board members said

Bamboo industry must transform, modernise to grow

KUALA LUMPUR: The Primary Industries Ministry is urging all parties involved in the growth of the country's bamboo industry to take proactive steps to ensure that transformation and modernisation takes place to grow the sector.

A better option than IPO for Sapura Energy in proposed tie-up with OMV

KUALA LUMPUR: Sapura Energy Bhd's latest corporate manoeuver with Austrian oil and gas major, OMV AG, will bring about several potential benefits, including making the proposed exercise even better than an initial public offer (IPO) for Sapura Upstream Sdn Bhd, its exploration and production (E and P) arm.