Stocks in Bursa Malaysia have suffered one of the worst weeks in years, and in Tong's Value Investing Portfolios column in The Edge, it is theorized that Bursa was likely affected by news of the planned retender of the contract for the Mass Rapid TRansit (MRT2) underground tunnel.
KUALA LUMPUR (Oct 12): Shares in Gamuda Bhd continued climbing in active trade this morning after rising 11.
KUALA LUMPUR (Oct 12): Shares in Gamuda Bhd continued climbing in active trade this morning after rising 11.
KUALA LUMPUR (Oct 11): Minister of Economic Affairs Datuk Seri Mohamed Azmin Ali has confirmed that he is one of four ministers in a committee set up by the Cabinet to revisit the Mass Rapid Transit 2 (MRT2) underground contract.
PETALING JAYA (Oct 10): The hashtag #SaveMRT2 is making the rounds on social media, launched by MMC-Gamuda Bhd as a response to the news that the contract for the underground portion of the Mass Rapid Transit Line 2 (MRT2) project will be retendered.
KUALA LUMPUR (Oct 10): Damansara MP Tony Pua said today the Malaysian Government is not terminating the Mass Rapid Transit Line 2 (MRT2) underground work project because the government plans to award the project to a contractor which can undertake the work at a lower cost.
Dear Directors of MMC-Gamuda, Let me applaud you for putting up a great show since the Minister of Finance, Lim Guan Eng announced the Cabinet decision to (i) accept the offer from MMC-Gamuda to reduce the cost of the MRT2 Above Ground works by RM5.
KUALA LUMPUR (Oct 10): MMC-Gamuda KVMRT (T) Sdn Bhd can participate in the international tender for the unfinished underground works of mass rapid transit Line 2 (MRT2) project, said Finance Minister Lim Guan Eng.
Issued by MMC-Gamuda Oct 8 Reference is made to the Ministry of Finance’s (MoF) media statement dated Oct 7 in relation to the MRT 2 Project (project).
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