Economic Outlook 2020 Report: Malaysian economy to grow 4.8% in 2020 vs 4.7% in 2019
KUALA LUMPUR (Oct 11): Malaysia's real gross domestic product (GDP) is expected to grow by 4.
Upcoming Budget 2020 expected to boost construction job growth
Construction sector Maintain neutral: We expect the upcoming Budget 2020 announcement on Oct 11 to prioritise public transport projects but limited to those already awarded, revised and approved: Light Rail Transit Line 3 (LRT3), Mass Rapid Transit Line 2 (MRT2) and East Coast Rail Link (ECRL).
ECRL subcontract works of up to RM11b likely only source of new jobs in Budget 2020: Analyst
KUALA LUMPUR (Oct 4): The East Coast Rail Link (ECRL) — which is anticipated to have a civil works subcontract value of RM9 billion to RM11 billion — is likely to be the only source of immediate new order book for contractors in the upcoming Budget 2020 despite timing risks for new contract awards, says CGS-CIMB Research.
Focus on economic impact of ECRL and not seek review of project, says Kian Ming
KUALA LUMPUR (Oct 1): Malaysia should focus on the economic impact of the East Coast Rail Link (ECRL) project rather than seek a review of the project, said Deputy International Trade and Industry Minister Dr Ong Kian Ming.
ECRL subcontract awards expected in 2021, says Affin Hwang Capital
KUALA LUMPUR (Sept 26): Affin Hwang Investment Bank has maintained its “Overweight” call on the construction sector and said it expects tenders for the East Coast Rail Link (ECRL) to be called starting in 4Q19 for local subcontractors to undertake 40% of the civil works (excluding tunnel works).
Jomo says ECRL cancellation can be done without affecting relations with China
KUALA LUMPUR (Sept 25): Finance Minister Lim Guan Eng's concern about putting Malaysia's "national considerations at stake" is valid, but the cancellation of the East Coast Rail Link (ECRL) can still be done through proper negotiations without affecting bilateral relations with China, said prominent economist Professor Dr Jomo Kwame Sundaram.
China’s CPCG leads consortium to invest RM3b in Terengganu
KUALA LUMPUR (Sept 24): Chinese integrated construction company Pacific Construction Group Ltd (CPCG) is leading a consortium of investors to invest some RM3 billion in Terengganu for, among others, an industrial park, a free trade zone and affordable housing.
Reopen question of cancelling ECRL, Jomo tells govt after Amhari's statement
KUALA LUMPUR (Sept 19): Prominent economist Professor Dr Jomo Kwame Sundaram has urged the federal government to reopen the question of cancelling the East Coast Rail Link (ECRL) mega infrastructure project, following 1Malaysia Development Bhd (1MDB)-Tanore trial key witness Datuk Amhari Efendi Nazaruddin's statements that the project was mooted to bail 1MDB out.
ECRL, pipeline projects offered to China to bail out 1MDB
KUALA LUMPUR (Sept 5): In an attempt to extricate and salvage 1Malaysia Development Bhd (1MDB) from the mounting debts that financier Low Taek Jho or Jho Low and his cohorts had plunged the company into, former prime minister Datuk Seri Najib Razak assembled in astonishing quick time, a handful of mega infrastructure projects that Malaysia could offer to China’s state-owned enterprises.
Advancecon says to make significant progress in works for WCE
KUALA LUMPUR (Aug 29): Advancecon Holdings Bhd said it is set to make significant progress in two of its major West Coast Expressway (WCE) contracts moving forward due to the recent sizeable site possessions.
