News about EC

KUALA LUMPUR (June 24): Local think tank Socio-Economic Research Centre (SERC) says it will be "still quite challenging" for Malaysia to achieve a gross domestic product (GDP) growth of 5% for the full year of 2019 due to the contraction in export and slowdown in private investment figures.

GEORGE TOWN (June 20): The state government may review “the scale of the Penang South Reclamation (PSR)” project if there is funding from Putrajaya for the Penang Transport Master Plan (PTMP), The Star reported today.

KUALA LUMPUR (June 18): The construction sector will likely have to brace for more downside moving forward apart from the rising building material costs, according to TA Securities.

  Eco World Development Group Bhd (June 17, 87.

KUALA LUMPUR: Gadang Holdings Bhd is set to see some light at the end of the tunnel a year after Malaysians voted for a change in government, with the revival of some large infrastructure projects like the East Coast Rail Link (ECRL) and Bandar Malaysia.

KUALA LUMPUR (June 14): Eco World Development Group Bhd’s (EcoWorld) and China state-owned integrated construction group PowerChina Group Ltd will jointly develop Phase 2 of Eco Business Park V (EBP V) in Puncak Alam, Selangor.

KUALA LUMPUR (June 14): Eco World Development Group Bhd (EcoWorld) has signed a Memorandum of Understanding (MoU) with Chinese state-owned integrated construction firm, PowerChina Group to jointly bid for infrastructure projects in Malaysia.

  SINGAPORE (June 13): Singapore is the 12th most expensive location in the world for expatriates, according to findings from the latest Cost of Living survey published by ECA International.

  KUALA LUMPUR (June 12): More than 1,000 construction companies nationwide are eyeing the 40% civil works portion of the RM44 billion East Coast Rail Link (ECRL) project following a Pre-Qualification (Pre-Q) exercise to identify potential subcontractors.

PUTRAJAYA (June 11): The government has not come out with a decision on the targeted fuel subsidy mechanism that was proposed in the election manifesto, said Prime Minister Tun Dr Mahathir Mohamad.