Work on new marina in Johor starts, membership sales kick off

Mainboard-listed marina developer SUTL Enterprise said yesterday that its joint venture with Malaysian property developer UEM Sunrise has begun construction of a new marina in Johor. The joint venture company, ONE15 Marina Development, first revealed plans for the ONE°15 Marina Puteri Harbour Malaysia in February 2016. It was granted approval for the sale of memberships in December last year. Social […]

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U.S. Companies Added 183,000 Workers in February, ADP Says

Companies added fewer workers to U.S. payrolls in February after a burst of hiring in the prior month that was stronger than previously reported, signaling that the labor market continues to underpin what may become the longest economic expansion on record this year. Private payrolls increased by 183,000 after an upwardly revised 300,000 gain in January that was the most […]

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U.S. construction spending unexpectedly falls in December

WASHINGTON, March 4 – U.S. construction spending unexpectedly fell in December as investment in both private and public projects dropped, further evidence the economy lost momentum at the tail end of 2018. The Commerce Department said on Monday that construction spending declined 0.6 percent after an unrevised 0.8 percent increase in November. Economists polled by Reuters had forecast construction spending […]

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FTSE 100 held back by rising pound as U.K.’s May delays Brexit vote

London’s markets struggled on Monday, bucking a positive trend for the rest of Europe’s indexes, after the pound rose and held back the FTSE 100 on the news U.K. Prime Minister Theresa May has delayed a parliamentary vote on her Brexit deal. Heavyweight miners boosted London’s indexes. The FTSE 100 UKX, +0.09% was slightly subdued on Monday compared to the […]

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U.S. Construction Spending Climbs 0.8% In November, More Than Expected

Construction spending in the U.S. increased by much more than expected in the month of November, according to a report released by the Commerce Department on Friday. The report said construction spending climbed by 0.8 percent to an annual rate of $1.300 trillion in November after inching up by 0.1 percent to a revised $1.290 trillion in October. Economists had […]

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U.S. Construction Spending Climbs 0.8% In November, More Than Expected

Construction spending in the U.S. increased by much more than expected in the month of November, according to a report released by the Commerce Department on Friday. The report said construction spending climbed by 0.8 percent to an annual rate of $1.300 trillion in November after inching up by 0.1 percent to a revised $1.290 trillion in October. Economists had […]

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China Manufacturing Shows Resilience Amid Trade War, Slowdown

The first official gauge of China’s economy in 2019 showed conditions for factories continuing to worsen amid uncertainty over a U.S. trade deal, though with a slight improvement over the previous month. The manufacturing purchasing managers index rose to 49.5 in January from 49.4 in December, although it remained below the 50 mark that signifies contraction The gauge of new […]

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U.S. Housing Starts Jump 3.2% In November Amid Spike In Multi-Family Homes

With a spike in new construction of multi-family homes more than offsetting a continued decrease in new construction of single-family homes, the Commerce Department released a report on Tuesday showing a substantial increase in U.S. housing starts in the month of November. The Commerce Department said housing starts jumped by 3.2 percent to an annual rate of 1.256 million in […]

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