Alibaba undeterred by Malaysia’s policy shift

Jul 09

HANGZHOU (China): Chinese e-commerce giant Alibaba Group Holding Ltd said it remains committed to its plans in Malaysia despite uncertainty created by the Malaysian government’s review of megaprojects awarded by the previous administration.

ECRL suspension could delay retender phase

Jul 06

Construction sector Maintain underweight: According to The Edge Markets, East Coast Rail Link (ECRL) project owner Malaysia Rail Link Sdn Bhd (MRL) has ordered its main contractor, China Communications Construction Co Ltd (CCCC), to immediately suspend all ongoing works relating to the engineering, procurement, construction and commissioning scope of the ECRL.

MRL instructs CCCC to suspend ECRL works on grounds of national interest

Jul 05

KUALA LUMPUR (July 4): The East Coast Rail Link (ECRL) project owner Malaysia Rail Link Sdn Bhd (MRL) has instructed its main contractor China Communications Construction Ltd (CCCC) to suspend all works under the engineering, procurement, construction and commissioning contract (EPCC) of the controversial ERCL project with immediate effect.

Final cost of ECRL project is actually RM81b, says Lim Guan Eng

Jul 03

KUALA LUMPUR (July 3): The final cost of the East Coast Rail Link (ECRL) project is actually RM81 billion and must be reduced significantly to make it viable financially, according to Minister of Finance Lim Guan Eng.

Sime-MMC's Pulau Carey port project might be axed on Pakatan’s austerity drive — CIMB Research

Jul 02

KUALA LUMPUR (July 2): Sime Darby Property Bhd and MMC Corp Bhd’s RM200 billion Pulau Carey port project is unlikely to proceed, given the Pakatan Harapan government’s austerity drive and review of mega projects, said CIMB Research analyst Raymond Yap.

ECRL concerns ‘very similar’ to Hambantota — CCCC

Jun 29

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.

ECRL main contractor says not very concerned over project review

Jun 28

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.