News by Chester Tay

The MRT1 project cost RM21 billion while MRT2 was built at RM32 billion.

At a press conference today, PKR lawmaker Rafizi Ramli demanded Felda chairman Tan Sri Isa Samad to make the said disclosure, after highlighting that these projects incurred losses amounting to RM192.82 million during the financial year ended Dec 31, 2014 (FY2014).

MBSB president and CEO Datuk Ahmad Zaini Othman: At the end of the day, in any corporate exercise, it’s all about the pricing. If the pricing is right, then I suppose it’ll be okay.

EcoFirst Consolidated Bhd has secured financing facilities worth RM189.95 million from Malaysia Building Society Bhd (MBSB) to finance the acquisition of land and development for its RM5 billion Ampang Ukay project.

Property developer Yong Tai Bhd is confident of achieving its target of drawing one million tourists annually to its Impression Melaka theatre.

Moving forward, the group expects its construction business to perform well for the rest of FY17 based on current order book and "satisfactory" tender book value.

Managing director Datuk Kevin Woo told reporters that the company is in the midst of building a healthier balance sheet, paving the way for a listing on the local stock exchange.

Rahman Dahlan says ‘rail projects are not easily comparable’.

Despite a controversial price tag, the East Coast Rail Link (ECRL) has earned some positive compliments from the analyst community for its potential to improve connectivity, which could spur more economic activity along the east coast.

According to media reports, Malaysia Rail Link signed the engineering, procurement, construction and commissioning agreement with China Communication Construction Co Ltd and China Communications Construction Company (M) Sdn Bhd.