MARC downgrades MEX II Sdn Bhd's RM1.3b sukuk
KUALA LUMPUR (Oct 18): Malaysian Rating Corp Bhd (MARC) has downgraded MEX II Sdn Bhd’s RM1.
Putrajaya to tender out three Pan Borneo Sabah packages worth RM925m in 1Q20
KUALA LUMPUR (Oct 14): The government will be opening up RM925 million worth of packages for the Sabah portion of Pan Borneo Highway in the first quarter of next year (1Q20).
Widad Business Group offers to buy PLUS Expressways concessionaires for up to RM3b
KUALA LUMPUR (Oct 10): Integrated facility management and construction outfit Widad Business Group (WBG) has offered to buy the PLUS Expressways Bhd's concessionaires by taking over 51% of Khazanah Nasional Bhd's shares for RM1.
PM Mahathir: Private sector proposals to reduce highway tolls can be considered
KUALA LUMPUR (Oct 7): Prime Minister Tun Dr Mahathir Mohamad said today the Malaysian government can consider private sector proposals to reduce highway tolls because the government is unable to eliminate these charges immediately due to the high expenses involved.
Gamuda ends FY19 on a strong note
KUALA LUMPUR (Sept 28): Gamuda Bhd returned to the black in the fourth financial quarter ended July 31, 2019 (4QFY19), posting a net profit of RM184.
Kimlun 2Q net profit up 37% on higher construction, manufacturing revenue
KUALA LUMPUR (Aug 30): Kimlun Corp Bhd's net profit rose 36.
Proposed takeover of highways deemed fair by market
Construction sector Maintain market weight: The New Straits Times has reported that the government is planning to acquire 15 highways nationwide for RM43 billion via issuing debt to the concessionaires.
High-level meeting on highways to be held soon
KUALA LUMPUR (Aug 21): A high-level meeting of government officials is believed to take place as soon as tomorrow to map out the plan on the highway concessions in the country moving forward.
Minister not aware of reported new highway takeover plan
KUALA LUMPUR (Aug 20): Works Minister Baru Bian is not aware of a new plan for the government’s takeover of 15 highways.
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Baru Bian: Highway toll study completed, Cabinet decision this month
KUALA SELANGOR (Aug 8): Works Minister Baru Bian said today that the government's highway toll study has been completed and that the Cabinet will decide on the matter by this month.
