News by TheEdgemarkets.com

Both companies will be jointly submitting a tender to the Energy Commission of Malaysia (EC) in the name of Fajarbaru-Gezhouba-Potential Region Consortium.

The project is to be completed by Aug 25 next year. 

"Beyond 2019, we expect cement prices to recover gradually, as construction activities pick up (expected by 1H20). However, we reckon that the expected pick-up next year will happen on a gradual basis as work contribution from mega project revivals may be partially offset by lower construction contract awards seen post GE14 and weak property sentiment."

Semantan Estates had in 2017 named the Malaysian government, federal lands commissioner, minister charged with the responsibility for land in the federal territory, natural resources and environment minister, director-general of the lands and mines department, director of lands and mines (federal territory) and federal territory registrar of titles as respondents.

An indirect subsidiary has been given the option to secure a significant plot of land for a solar photovoltaic plant.

Tan noted that Advancecon Infra is permitted to tender for Malaysian government projects with unlimited value across the country.

In a filing with Bursa Malaysia today, S P Setia said the fair value gain of RM343.8 million arose from the remeasurement of existing equity stake in Setia Federal Hill Sdn Bhd when the group acquired the remaining stake in the company, which has since become a wholly-owned subsidiary of the group.
 

The judge also dismissed the Ministry and government's cross-appeal over the quantum of RM11.26 million awarded in general damages and ordered them to pay RM15,000 costs to The Edge Communications.

Arrest warrants were issued for the four, in order to request for Interpol's assistance in tracking them down.

Have you been wondering if the 1MDB trial will proceed as scheduled on Aug 19? Here's a discussion of the possible outcomes of the bids to delay the 1MDB trial.