Daily Industry News Update (23 July 2022)

What is the Construction Labour Exchange Centre?

The Construction Labour Exchange Centre Bhd (CLAB) rarely makes headlines, until the government’s recent decision to allow the entity to fully manage applications of more than 100 foreign construction workers’ entry into the country.

UOA REIT 2Q net profit rises marginally by 0.94%

UOA Real Estate Investment Trust’s (REIT) net profit increased marginally by 0.94% to RM15.07 million for the second quarter ended June 30, 2022 (2Q22) from RM14.93 million a year earlier.