News about infrastructure

KUALA LUMPUR (Aug 14): Malaysia is looking to cancel multibillion-dollar Chinese-backed infrastructure projects signed by the previous scandal-tainted government as it digs itself out of debt, Prime Minister Tun Dr Mahathir Mohamad told The Associated Press (AP) in an interview.

KUALA LUMPUR (July 11): Sabah’s Infrastructure Development Ministry will form a committee to replace appointed consultants to monitor the building of the Pan Borneo Highway project in the state.

PETALING JAYA (June 1): Malaysia Prime Minister Tun Dr Mahathir Mohamad said the government will respect the terms of contracts inked by the previous administration in relation to mega projects in the country.

PETALING JAYA (June 1): The Malaysian government must pay compensation if it decides to cancel its infrastructure projects involving Chinese funding and contractors, warned Chinese daily Global Times.

KUALA LUMPUR (May 25): Engtex Group Bhd's net profit for the first quarter ended March 31, 2018 (1QFY18) dropped 44.

KUALA LUMPUR (May 24): Econpile Holdings Bhd has registered a 7.

KUALA LUMPUR (May 23): The negative sentiments surrounding the impending review of billion ringgit worth of mega-infrastructure projects, some of which are at risk of being scrapped, is expected to bog down the construction sector during the first 100 days of the new Pakatan Harapan-led government’s reform agenda, according to CIMB Investment Bank Bhd Research.

KUALA LUMPUR (April 24): Gadang Holdings Bhd expects its current financial year ending May 31, 2018, to end on a weaker note from the previous year, due to what it termed "sluggish market condition" of the property sector.

KUALA LUMPUR (April 19): The Asian Infrastructure Investment Bank (AIIB) has expressed its interest in financing the Kuala Lumpur-Singapore High Speed Rail (HSR), among other infrastructure projects in Malaysia, according to the Embassy of China.

KUALA LUMPUR (Feb 27): WCT Holdings Bhd’s net profit soared nearly 17 times to RM59.