<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily</em>, on February 16, 2016.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>KUALA LUMPUR: TSR Capital Bhd has bagged a RM240 million contract from Putrajaya Homes Sdn Bhd to build two blocks of 19-storey and 18-storey condominiums and two blocks of multilevel car park in Putrajaya.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The project also involves the construction of common facilities, drainage and retention pond, piling works, associated infrastructure and landscape works.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia yesterday, TSR said its wholly-owned subsidiary TSR Bina Sdn Bhd had accepted the letter of award from Putrajaya Homes.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The project is for a duration of 36 months and is expected to be completed by February 2019.</p></div>

<div class=newsTextDataWrapInner><p>“Barring any unforseen circumtances, TSR is of the opinion that the project will contribute positively to the earnings of the group for the financial years ending 2016 through 2019,” it added.</p></div>

<div class=newsTextDataWrapInner><p>TSR shares closed 2.91% or 1.5 sen lower at 50 sen yesterday, with a market capitalisation of RM87.23 million.</p></div>


This article first appeared in The Edge Financial Daily, on February 16, 2016.

 

KUALA LUMPUR: TSR Capital Bhd has bagged a RM240 million contract from Putrajaya Homes Sdn Bhd to build two blocks of 19-storey and 18-storey condominiums and two blocks of multileve...

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<p>Over the past two weeks, oil and gas (O&amp;G) players publicly traded on Bursa Malaysia have been announcing awards from Petronas and its production sharing contract partners, for maintenance, construction and modification (MCM) as well as hook-up commissioning (HUC) services.</p>


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<p>The key focus at home this week is the <b>October trade and inflation data</b>, expected to be released aby the Department of Statistics Malaysia on Nov 19 and 22 respectively.</p>


<p>Sarawak is well-positioned to benefit from the global transition towards making hydrogen as a key fuel, with a legal framework in place to manage its environment while optimising the economic value of its natural resources.</p>


<p>Strong US economic and inflation data continue to reshape the debate among Federal Reserve (Fed) policymakers over the pace and extent of interest rate cuts as investors on Friday further downgraded their expectations for a rate reduction at the central bank's December meeting.</p>


<p>Nvidia Corp's results in the coming week could guide the US stock market on its next path, as investors turn their focus to the technology sector and artificial intelligence trade after an election-fueled rally stalled.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim insisted that Malaysia remains consistent with its stance on the issue of Israel and Palestine, emphasising that Putrajaya has never diplomatically recognised the existence of the state of Israel.</p>


<p>The conventional wisdom following Israel’s recent strikes on Iranian military facilities in retaliation for Iran’s ballistic missile attack on Israel is that the risk of further escalation has been contained. Initial statements from the Islamic Republic’s supreme leader suggested that Iran may no...

<p>The Malaysian Communications and Multimedia Commission (MCMC) and the Malaysian Palm Oil Board (MPOB) have announced a significant achievement in their strategic collaboration, marked by the successful resolution of connectivity challenges within palm oil plantations and culminating in the AgriNXT: Oil Palm Chapter (OPC) initiative.</p>


<p>A group representing major electric vehicle (EV) and battery manufacturers on Friday urged President-elect Donald Trump not to kill tax credits for electric vehicle sales and production, citing the impact on key states that voted for the Republican.</p>


<p>Elon Musk's political ascendancy has some Wall Street banks hoping they may soon be able to offload US$13 billion (RM58.16 billion) of debt that backed the billionaire's purchase of the social media platform X, three banking sources said.</p>
