IJM shares fall to 9-year low as MRT3 scrapped, slump in 4Q earnings
KUALA LUMPUR (May 31): Shares in IJM Corp Bhd fell as much as 10.
UOB Kay Hian: Market taken aback by surprise MRT3 cancellation
KUALA LUMPUR (May 31): The cancellation of the third mass rapid transit line (MRT3) has caught investors by surprise and subsequently precipitated another broad market meltdown, which had fallen by the biggest single-day drop since 2008, according to UOB Kay Hian Securities (M) Sdn Bhd.
Hap Seng targets RM1.3b GDV in launches this year
KUALA LUMPUR (May 31): Plantation and property conglomerate Hap Seng Consolidated Bhd is eyeing the launch of property developments with a gross development value (GDV) of approximately RM1.
JB-S’pore MRT line to proceed but subject to costs review
PUTRAJAYA (May 31): The government is committed to the Johor Bahru-Singapore mass rapid transit (MRT) project, but will review its costs and terms and conditions, said Transport Minister Anthony Loke.
The end of HSR ‘not ominous sign for bilateral relations’, say analysts
KUALA LUMPUR (May 31): The move to scrap the Kuala Lumpur-Singapore high-speed rail (HSR) “should not be seen as a move to spite Singapore”, according to analysts who spoke to the daily Today.
Tun M on HSR: RM100bn outlay for 100,000 jobs inefficient
PETALING JAYA (May 31): Prime Minister Tun Dr Mahathir Mohamad has fired back at former premier Datuk Seri Najib Razak, saying that an investment of up to RM100 billion to create 100,000 jobs is “not very efficient”.
I-Bhd's 1Q net profit rises 16.6% on improved property sales
KUALA LUMPUR (May 30): I-Bhd's net profit rose 16.
Goodbye MRT 3: How badly will the property market be hit?
PETALING JAYA (May 30): The government has derailed yet another mega project — the latest casualty being the third mass rapid transit (MRT 3) line.
Malaysia plans to develop island in Singapore Strait, says PM
KUALA LUMPUR (May 30): The government is mulling plans to construct a small island on an outcrop of rocks near the eastern entrance to the Straits of Singapore.