SunCon intensifying pursuit of overseas construction jobs
Sunway Construction Group Bhd (June 12, RM2) Maintain underweight with a fair value (FV) of RM1.
Malaysia’s online hiring for construction, real estate industry records steepest decline
KUALA LUMPUR (June 7): Malaysia’s online hiring activity in the engineering, construction and real estate industry recorded the steepest annual decline in April this year, according to the latest Monster Employment Index (MEI).
KL still a cheap city for building construction: Report
PETALING JAYA (May 10): Kuala Lumpur continues to be the fourth least expensive city in Asia to build in, according to the “International Construction Costs 2019” report published by Arcadis, the global design & consultancy firm for natural and built assets.
MRL rubbishes claims that CCCC can claim assets, minerals under ECRL project
KUALA LUMPUR (April 24): The project and asset owner of the East Coast Rail Link (ECRL) project, Malaysian Rail Link Sdn Bhd (MRL), has dismissed allegations that China Communications Construction Company Ltd (CCCC) will be able to state their claim on assets, minerals or objects of interest during the construction of the 640km railway.
Malaysia Rail Link clarifies CCCC will not own ECRL assets
KUALA LUMPUR (April 18): Malaysia Rail Link Sdn Bhd (MRL) clarified yesterday that a proposed joint operations agreement between the company and China Communications Construction Company Ltd (CCCC) does not involve ceding any form of ownership of the East Coast Rail Link (ECRL) to its Chinese counterpart.
Easing congestion on Jalan Tun Razak
PETALING JAYA (April 16): Jalan Tun Razak, known for its traffic congestion, will soon see the construction of a 2.
China will help shoulder ECRL’s operational risk
KUALA LUMPUR (April 16): Apart from reducing the East Coast Rail Link (ECRL) construction cost by RM21.
ECRL to proceed, cost reduced by RM21.5 bil
KUALA LUMPUR (April 12): Malaysia Rail Link Sdn Bhd (MRL) and China Communications Construction Co Ltd (CCCC) have signed a supplementary agreement pursuant to the East Coast Rail Link (ECRL) project, which will proceed at a lower cost of RM44 billion compared with its original cost of RM65.
Vizione says RM15m linked to graft probe paid to Consortium Zenith just a security deposit
KUALA LUMPUR (April 5): Vizione Holdings Bhd, whose subsidiary was mentioned in a cheating case linked to a graft probe on the Penang undersea tunnel, clarified yesterday that the RM15 million reportedly paid out from its subsidiary's account was actually a security deposit it paid for a certain work package under the Penang Mega Infrastructure (PMI) project.
SunCon’s indirect unit ventures into Myanmar
KUALA LUMPUR (April 2): Sunway Construction Group Bhd’s (SunCon) indirect unit Sunway Builders (Myanmar) Co Ltd (SBM) has inked a memorandum of understanding (MoU) with a Myanmar company Capital Construction Ltd (CCL) to jointly bid for major infrastructure and construction projects in Myanmar, marking SunCon’s first foray into the Southeast Asian country.
