Daily Industry News Update (2 May 2021)

INDUSTRY NEWS (2 MAY 2021)

Berjaya Corp CEO to announce reorganisation — report

Berjaya Corp Bhd (BCorp) chief executive officer (CEO) Abdul Jalil Abdul Rasheed will be announcing a reorganisation in June to streamline the group’s businesses, reported New Straits Times. According to the report, quoting Jalil, the group also plans to spin off non-core

Gagasan Nadi banks on more public projects

Gagasan Nadi Cergas Bhd is looking to leverage its track record in building affordable homes and public hospitals to bid for similar construction contracts this year. Its MD Wan Azman Wan Kamal said the group is committed to tender for more government hospital projects

Fajarbaru upbeat on its property segment’s outlook from Down Under

Contractor-cum-property developer Fajarbaru Builder Group Bhd has fared reasonably well in its Australian venture with its recently completed Paragon Queen Street development in Melbourne having fetched a take-up rate of 93%. Boasting a gross development value (GDV)

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