News about Gamuda

KUALA LUMPUR (Jan 4): The Malaysian construction sector is expected to see downward normalisation this year, in which the domestic contract is projected to come in at RM25 billion, after achieving a record higher base in 2016, according to Hong Leong IB Research (HLIB).

KUALA LUMPUR (Jan 3): The construction sector is expected to remain a bright spot amid the less-than-rosy prospects of the wider domestic and global economies — which are facing a multitude of uncertainties — with better earnings anticipated following the exceptional value of job awards seen last year.

KUALA LUMPUR (Dec 30): The project delivery partner (PDP) for Klang Valley mass rapid transport (MRT) Line 1 yesterday confirmed that the RM21 billion cited by the government as the project’s total cost excluded “other associated costs”.

KUALA LUMPUR (Dec 28): PKR lawmaker Rafizi Ramli today reminded that the final development cost for Klang Valley Mass Rapid Trasit (MRT) Line 1 should include RM7 billion payable to project consultant MMC Gamuda KVMRT (T) Sdn Bhd (KVMRT).

GEORGE TOWN (Dec 23): The Penang government has refuted a federal minister’s claims that the state has failed to comply with the law in preparation of relevant environmental impact studies for the RM46 billion Penang Transport Master Plan (PTMP), saying such claims were “premature” as the reports have yet to even be submitted to Putrajaya.

GEORGE TOWN (Dec 22): Gamuda Bhd-led SRS Consortium will submit all three detailed environmental impact assessments (DEIAs) for land reclamation, Pan Island Link highway and rail links, as part of the RM46 billion Penang Transport Master Plan (PTMP), to the Department of Environment (DOE) by the second week of 2017.

PETALING JAYA (Dec 20): Gamuda Land Sdn Bhd, the property arm of Gamuda Bhd, has fully sold out phase 1 of its 90-acre Kundang Estates in Kundang, Selangor during its launch in end-November.

Gamuda Bhd (Dec 19, RM4.

KAJANG (Dec 19): Some 85% of Gamuda Land’s latest launch of two-storey Hana Gardens terraced houses in Jade Hills, Kajang were sold in a soft launch over a weekend.

KUALA LUMPUR (Dec 16): Engineering, construction and infrastructure player Gamuda Bhd's net profit came in largely flat in its first quarter with a slight dip in revenue as construction works for the MRT1 or MRT Line 1 tapers off.