News about construction

  PETALING JAYA (July 1): An architect with a government-linked company (GLC) has been remanded for five days to assist in investigations into the awarding of tenders for RM300 million worth of construction projects, reported Bernama.

PETALING JAYA (Jue 30): The CEO of a government-linked company (GLC) who was remanded on Thursday (June 28) by the Malaysian Anti-Corruption Commission (MACC) over allegations of abuse of power involving construction projects valued at RM300 million was freed by the Magistrate’s Court at Putrajaya today, reported Bernama.

HONG KONG (June 29):  The main contractor for the East Coast Rail Link (ECRL) project, China Communications Construction Co Ltd (CCCC) has likened concerns over the Malaysian project to that of Sri Lanka’s troubled Hambantota port.

HONG KONG (June 28): The main contractor for the East Coast Rail Link (ECRL) project, China Communications Construction Co Ltd (CCCC), is "not very concerned" about risks related to the poject's review announced by the new Malaysian government.

KUALA LUMPUR (June 28): Gamuda Bhd shares rose 1.

KUALA LUMPUR (June 26): T7 Global Bhd’s share price surged by as much as 34.

KUALA LUMPUR (June 26): The government will proceed with the East Coast Rail Link (ECRL) if it can obtain more favourable terms through renegotiation and the project’s cost is brought down, said Prime Minister Tun Dr Mahathir Mohamad.

PETALING JAYA (June 21): Sunway Construction Group Bhd (SunCon) is keen to participate in the scaled-down tender for Phase 2 of the Klang Valley Double Track (KVDT) project, of which the original cost was deemed too hefty by the Pakatan Harapan government.

PETALING JAYA (June 18): China’s investors are still upbeat on Malaysia despite the government reviewing the East Coast Rail Line (ECRL) project which had been awarded to a Beijing-linked firm, said the republic’s ambassador to Malaysia Bai Tian.

Construction sector Maintain neutral: The ongoing reviews of public-sector infrastructure projects have raised uncertainties over the status of ongoing and planned infrastructure projects.