News About China
KUALA LUMPUR (March 19): Lafarge Malaysia Bhd will be supplying RM270 million worth of cement for all eight packages of work for the East Coast Rail Link (ECRL) project.
HONG KONG, CHINA (March 16): Hong Kong's richest man, Li Ka-shing (pictured), has finally stepped down from his business empire at the age of 89, as one of the world’s most storied tycoons brings his career to a close almost 70 years after founding his first company.
KUALA LUMPUR (March 15): T7 Global Bhd has entered into a new memorandum of understanding (MoU) with Terengganu state-linked corporation Eastern Pacific Industrial Corp Bhd (Epic) and CMC Engineering Sdn Bhd, a wholly-owned bumiputera company, to form a consortium to undertake the construction of the RM60 billion East Coast Rail Line (ECRL) project’s Terengganu parcel.
KUALA LUMPUR (March 5): LBS Bina Group Bhd has entered into a heads of agreement (HoA) with NWP Holdings Bhd to jointly undertake a development project relating to the transformation of Zhuhai International Circuit (ZIC) in China, in which LBS has a 60% stake.
KUALA LUMPUR (March 5): Malaysia Rail Link Sdn Bhd (MRL) says that the RM55 billion East Coast Rail Link (ECRL) is making remarkable progress since its launch in just 13 months given the excellent cooperation between both state and federal agencies.
KUALA LUMPUR (Feb 26): Parkson Holdings Bhd remained in the red for its fourth consecutive quarter, reporting a net loss of RM13.87 million or 1.3 sen per share for the second quarter ended Dec 31, 2017 (2QFY18), compared to its net profit of RM72.67 million or 6.76 sen per share in 2QFY17.
BEIJING (Feb 26): A Chinese tycoon's purchase of vast wheat fields in France highlights China's increasing acquisition of foreign farmland as the Asian giant seeks to keep up with its massive population's growing appetite.
SINGAPORE (Feb 22): The looming demolition of a horseshoe-shaped tower block that symbolised Singapore's growth from a port town to an affluent city-state has sparked soul-searching about whether enough is being done to protect the country's recent history.