KUALA LUMPUR (Dec 5): Gamuda Bhd is likely to sign the Project Delivery Partner (PDP) agreement for Penang Transport Master Plan in the ‘next few weeks’, and the first package of Light Rail Transit (LRT) would be awarded by mid-2020, according to managing director Datuk Lin Yun Ling.
PUTRAJAYA (Jan 3): A huge tract of Malaysian Rubber Board (MRB) land was allegedly sold at far below market value while an over RM1 billion project which began construction in 2012 has hardly seen any progress although RM70 million has been paid to the Project Delivery Partner (PDP).
KUALA LUMPUR (Oct 18): Shares in Malaysian Resources Corp Bhd (MRCB) and George Kent (Malaysia) Bhd were among the five top actively traded stocks this morning after MRCB George Kent Sdn Bhd said the government has agreed to continue with the Light Rail Transit Line 3 (LRT3) project at a cost of RM16.
KUALA LUMPUR (Aug 28): The government is likely to cease the award of big infrastructure projects to project delivery partners (PDPs) after incidences of cost overruns that affected the government's budget, said special officer to the Finance Ministry Tony Pua.
KUALA LUMPUR (May 30): Malaysian Resources Corp Bhd's net profit for the first quarter ended March 31, 2018 (1QFY18) more than doubled to RM21.
PUTRAJAYA (April 11): The Sabah portion of the Pan Borneo Highway upgrading works have been made official by the signing of a project delivery partner (PDP) agreement by the federal and state governments and the PDP, which includes public-listed MMC Corp Bhd and Khazanah Nasional Bhd-owned UEM Group Bhd.