News by Choy Nyen Yiau

This follows the issuance of 37 RFI documents, as part of the July 2023 exercise. 

YNH Property Bhd has revealed that it is exploring proposals to sell certain landed properties of the company and its subsidiaries in response to an unusual market activity (UMA) query from Bursa Malaysia.

The utilisation of Rapid bus and rail services reached an average of 1.05 million passengers a day as of December 2023, according to Transport Minister Anthony Loke Siew Fook.

Transport Minister Anthony Loke Siew Fook said Prasarana Malaysia Bhd ought to improve the monitoring of the quality of work done by its contractors to resolve issues of facility malfunctions in railway stations, and blacklist those who underperform.

The total number of My50 travel pass subscribers jumped 55% to 2.18 million in 2023, from 1.41 million subscribers in 2022.

He emphasised that MRT3 is already planned and will be executed.

The commencement date of Phase 2 is scheduled to be March 1, 2027, two years after the commencement of Phase 1 operations.

Kerjaya Prospek Group Bhd has secured two contracts totalling RM95.1 million from two indirect subsidiaries of Eastern & Oriental Bhd (E&O) for construction projects in Penang.

At the close of Chin Hin Group Bhd's mandatory takeover offer (MGO) for the remaining 65.9% stake in Ajiya Bhd, Chin Hin received acceptances for 12.31 million shares, or the equivalent of a 4.17% stake.

RHB Investment Bank Bhd (RHB IB) has maintained its "overweight" rating of the construction sector, projecting an upswing in contract roll-outs throughout 2024.