Pestech denies unit's insolvency, says problem lies with Gemas-JB project’s cash flow
Pestech added that during this two-year extension period, PTech received no loss or expense payments for the contract prolongation.
TSR Capital starts arbitration proceedings against YTL
KUALA LUMPUR (Oct 1): TSR Capital Bhd has commenced arbitration proceedings against Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd (SPYTL) in relation to a civil works subcontract for the electrified double-track project from Gemas to Johor Bahru.
Prasarana’s ex-CEO takes helm of YTL THP JV
KUALA LUMPUR (May 3): YTL THP JV Sdn Bhd, a joint venture between Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd and TH Properties Sdn Bhd, has appointed former Prasarana Malaysia Bhd president and chief executive officer (CEO) Datuk Seri Azmi Abdul Aziz (pictured) as the company’s CEO.
