Ireka to be delisted on March 10
KUALA LUMPUR (March 6): Ireka Corp Bhd (KL:IREKA) is set to be delisted from the Main Market of Bursa Malaysia on March 10.
KUALA LUMPUR (March 6): Ireka Corp Bhd (KL:IREKA) is set to be delisted from the Main Market of Bursa Malaysia on March 10.
KUALA LUMPUR (Feb 10): The government has disbursed RM9.
The termination proposal was triggered by the lapse of a project operation agreement between main contractor MTD Construction Sdn Bhd and Sabah-based Gammerlite, which was terminated on June 30 due to Gammerlite’s failure to secure the necessary funding.
Jessica said venturing into the peninsular is not on the table due to a saturated market, which is currently dominated by “big players”.
Datuk Seri Bung Moktar Radin further alleged that the WP32 package of the Pan Borneo Highway was awarded to a company that failed to meet the pre-qualification criteria in the open tender process.
“The four packages have been awarded on March 22, with physical works poised to start on April 1.
Deputy Prime Minister Datuk Seri Fadillah Yusof: “This is because if we do it through an open tender, it will take a long time, especially if there are too many applications.
KUALA LUMPUR (Aug 17): The new completion date for the Sabah portion of the Pan Borneo Highway will be announced after the tabling of the 12th Malaysia Plan (12MP), which is scheduled for early next year, said Deputy Works Minister Datuk Eddin Syazlee Shith (pictured).
KUALA LUMPUR (July 23): The Perikatan Nasional (PN) government will not revert back to the project delivery partner (PDP) structure for the Pan Borneo Highway project, although the Ministry of Works has put in place a mitigation plan to further improve the execution of the project.
KUALA LUMPUR (Feb 7): Ekovest Bhd and its wholly-owned subsidiary Ekovest Construction Sdn Bhd (ECSB) are being sued by their former joint venture partner Samling Resources Sdn Bhd over a dispute involving work on the Sarawak portion of the Pan Borneo Highway project.