News about highway

Construction sector Maintain overweight: The remaining eight Pan Borneo Highway work packages worth around RM10 billion will be awarded this month, according to a news report.

THERE appears to be some misunderstanding between the Sarawak government and Putrajaya over the funding for the 1,089km Sarawak portion of the Pan Borneo Highway project.

FOLLOWING the overall soft residential market in Kota Kinabalu last year, opinions are mixed on how the market will perform this year, Rahim & Co Sabah branch manager Max Sylver Sintia says when presenting The Edge/Rahim & Co Kota Kinabalu Housing Property Monitor 1Q2016.

Bina Puri Holdings Bhd (May 27, 37 sen) Maintain hold with a lowered target price (TP) of 42.

KUALA LUMPUR (May 27): The federal government will bear the land acquisition cost totalling RM2.

PETALING JAYA (May 3): Malaysia has been placed fifth in the the Global Infrastructure Investment Index (GIII) 2016 in the ranking by global design and consultancy firm Arcadis.

PETALING JAYA (April 14): Johawaki Development Sdn Bhd is set to launch the third and final phase of its Avanti Residences in Saujana Permai U17, Shah Alam over two days starting May 7.

KUALA LUMPUR (April 13): Cahya Mata Sarawak Bhd (CMS) is bidding for one of the 10 packages for the Sarawak side of the Pan Borneo Highway mega project, said its group chief financial officer Syed Hizam Alsagoff.

KUALA LUMPUR (April 11): Malaysia's construction segment is expected to grow between 8% and 10% in 2016 in terms of projects undertaken, driven by government infrastructure projects, said Works Minister Datuk Seri Fadillah Yusof.

PUTRAJAYA (April 11): The Sabah portion of the Pan Borneo Highway upgrading works have been made official by the signing of a project delivery partner (PDP) agreement by the federal and state governments and the PDP, which includes public-listed MMC Corp Bhd and Khazanah Nasional Bhd-owned UEM Group Bhd.