Average growth on construction sector to decelerate to 4.3% from 7.1% in 2016-2017
KUALA LUMPUR (Oct 18): Malaysia's construction sector is targeted to moderate at an annual average growth rate of 4.
Selected high-impact projects that will go ahead
KUALA LUMPUR (Oct 18): The government remains committed to meet the socioeconomic needs of the rakyat through the undertaking of select high-impact projects, according to the Mid-term Review of the 11th Malaysia Plan 2016-2020.
Foreign selldown not due to MRT2 underground contract termination, says Guan Eng
KUALA LUMPUR (Oct 18): Selldown on the Malaysian equity market last week was not due to the termination of Mass Rapid Transit Line 2 (MRT2) underground work contract with MMC Gamuda KVMRT (T) Sdn Bhd, Finance Minister Lim Guan Eng opined.
Cabinet to deliberate on MRT2 underground deal
KUALA LUMPUR (Oct 18): Finance Minister Lim Guan Eng said yesterday he will bring up the matter of the termination of MMC-Gamuda KVMRT (T) Sdn Bhd’s contract to build the underground portion of the mass rapid transit Line 2 (MRT2) for further deliberations at the next cabinet meeting.
Defining the stakeholders in the MRT2 issue
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.
Gamuda shares continue climb as market hopes for MRT2 contract renegotiation
KUALA LUMPUR (Oct 12): Shares in Gamuda Bhd continued climbing in active trade this morning after rising 11.
Azmin confirms he is part of team revisiting MRT2 contract
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.
Tony Pua to MMC-Gamuda: Malaysian Govt is not terminating MRT2 underground project
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.
An Open Letter to MMC-Gamuda
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.
