PUTRAJAYA (May 31): The government is committed to the Johor Bahru-Singapore mass rapid transit (MRT) project, but will review its costs and terms and conditions, said Transport Minister Anthony Loke.
PETALING JAYA (May 30): The government has derailed yet another mega project — the latest casualty being the third mass rapid transit (MRT 3) line.
PUTRAJAYA (May 30): The government is scrapping the third mass rapid transit line (MRT3) project, which is estimated to cost up to RM40 billion to build, Prime Minister Tun Dr Mahathir Mohamad said today.
KUALA LUMPUR (May 23): The negative sentiments surrounding the impending review of billion ringgit worth of mega-infrastructure projects, some of which are at risk of being scrapped, is expected to bog down the construction sector during the first 100 days of the new Pakatan Harapan-led government’s reform agenda, according to CIMB Investment Bank Bhd Research.
Securing a property with strong capital growth does not simply come by luck, but on training our sights on the signs of a soon-to-ripen harvest.
Construction sector Downgrade to neutral: The surprise election outcome with Pakatan Harapan (PH) winning the election led to a knee-jerk selldown in construction stocks.
KUALA LUMPUR (May 4): CIMB IB Research retained its overweight call on the construction sector and said the key sector risks are execution delays and competition from foreign contractors.
Despite the current property market slowdown, there are still some residential properties in Kuala Lumpur and Selangor that have seen strong transacted price growth in 2017.
Construction sector Maintain overweight: The project delivery partner (PDP) contract for the high-speed rail (HSR) Malaysian infrastructure works was split between the YTL Corp-TH Properties and MRCB-Gamuda consortiums.
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