Gamuda’s 2Q profit falls 12% to RM160.11m

KUALA LUMPUR (March 25): Gamuda Bhd, which is involved in construction and property as well as water concessions, saw a 12% drop in net profit in its second financial quarter ended Jan 31, 2016 (2QFY16) to RM160.

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Suburban shopping malls are in demand

KUALA LUMPUR (March 12): Despite concerns about oversupply of retail space in urban areas -- with many shopping mall projects nearing completion -- retail consultant Tan Joon Kai (pictured) sees great prospect for suburban shopping malls in maturing neighbourhoods in the Klang Valley.

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Bill for PTMP could exceed RM27b

GEORGE TOWN (Jan 8): The final cost of the Penang Transport Master Plan (PTMP) could balloon to more than the estimated RM27 billion once all the plans — including for the elevated rail system alignment — and the relevant detailed studies are completed, with federal approvals obtained.

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