News by Chester Tay

This could lead to rates remaining the same.

Malaysia's Land Public Transport Commission (SPAD) and Singapore's Land Transport Authority (LTA) said these companies and consortia came from across the HSR value chain.

​For the third quarter ended Sept 30, 2015, Ewein’s net profit jumped 16 times to RM6.42 million from RM389,000 a year ago, mainly due to the contribution from the group’s property development business.

Tiger Synergy managing director Shirley Tan Lee Chin said it will kick off its Alam Impian project in Shah Alam, Selangor, which has a GDV of RM300 million. Apart from Alam Impian, Tiger Synergy will be launching two condominium projects located in Gombak and Cheras, with a GDV of RM100 million each.

Consortium Zenith BUCG Sdn Bhd (CZBUCG), which is currently undertaking a RM6.3 billion project to build three expressways and an undersea tunnel linking Penang island to the mainland, has its sights set on clinching several more mega projects here.

The stapled group said the decline in earnings was primarily due to a RM32.2 million write- off of its City Point Kompleks Dayabumi project, which has been closed for redevelopment.

It will start to see profit contributions from City of Dreams from 3Q

Its current deputy MD Chung Soo Kiong, 48, will succeed Kwan, 63, in his post effective Nov 1.

The Ministry of Transport (MoT) put up an advertisement in local media yesterday to invite public inspection of its plan for the project, which details the route of the double-track rail spanning 197km in length, with the new alignment’s designated speed at 160kph.

It was reported that state-controlled unit trust company Permodalan Nasional Bhd (PNB) — the owner of the KL118 — is favouring the UEM-Samsung consortium over the other two shortlisted candidates, Malaysian Resources Corp Bhd (MRCB)-China State Construction Engineering Corp consortium, and WCT Bhd and its joint venture partner Arabtec Construction LLC.