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"Globally, developments of HSR have proven to be growth engines, bringing about catalytic development and growth as well as multiplier effects that benefit all walks of life.

Abdul Karim is also co-founder and chairman of troubled engineering group Serba Dinamik Holdings Bhd.

“The overall duration of the project shall be 15 months from July 15, 2023.

Gamuda noted that this RM30 million partnership will see the company collaborating with VTAR to create the Certificate in Digital Manufacturing in Construction programme.

Domestically, the central bank noted that following its strong outturn in the first quarter of the year, the local economy has since expanded at a more moderate pace as exports were weighed down by slower external demand in line with expectations.

"We are incredibly proud that both our latest developments, The MINH Mont’Kiara and The Connaught One, brought home more prestigious awards as well as, this time, being recognised in the Asia Pacific for their designs and offerings,” said UEM Sunrise chief development officer Mardiana Rahayu Tukiran.

The company said it has also implemented the whistleblowing platform, stipulated limits of authority for delegation of power and authority, and the declaration of assets.

“This new development will reinforce SCIB’s financial stability and robustness and pave the way for future growth opportunities, thus creating long-term shareholder value.

GUH said it agreed to the out-of-court settlement, as continuing the legal dispute is costly and time-consuming.

The entire contract was originally valued at RM90 million and awarded to Cosmo in November 2021.