News about infrastructure

KUALA LUMPUR (June 22): Sabah Infrastructure Development Minister Datuk Peter Anthony’s charging for criminal offences in the Kuala Lumpur Sessions Court has been postponed to July 10 as he was admitted in a hospital for vertigo.

KUALA LUMPUR (June 9): The Malaysian Anti-Corruption Commission (MACC) has called in Sabah’s infrastructure development minister Datuk Peter Anthony to assist in a corruption investigation involving a slew of roadworks maintenance contracts issued by the Sabah state government.

KUALA LUMPUR (April 3): Bank Negara Malaysia (BNM) said the continuation of large-scale infrastructure projects will provide additional lift to the economic growth amid the challenging economic conditions.

KUALA LUMPUR (March 26): Sunway Construction Group Bhd (SunCon) said it had received a letter of award (LoA) on highway construction, from the National Highways Authority of India (NHAI) worth a total 8.

KUALA LUMPUR (Feb 26): UEM Edgenta Bhd said its fourth quarter net profit grew 43.

随着国内许多大型基建项目在2019年重启，Knight Frank Malaysia在今年1月8日出炉的《2019年房地产重点》报告中指出，东海岸衔接铁路（East Coast Rail Link，简称ECRL）、大马城（Bandar Malaysia）、吉隆坡-新加坡高速铁路（Kuala Lumpur-Singapore High Speed Rail）和新山-新加坡捷运系统（Johor Bahru-Singapore Rapid Transit System）等基建项目，将持续提振市场情绪和投资者信心。 Knight Frank Malaysia资本市场执行董事Allan Sim表示，这些重启的大型基建项目，表明了政府的政策立场，也有利国家经济和建筑领域发展。 另外，制造业有望在2019年第三季度放缓至3.

PETALING JAYA (Jan 8): The revival of notable mega infrastructure projects in 2019, namely the East Coast Rail Link (ECRL) and the Bandar Malaysia project in Kuala Lumpur that will house one of the stations of the Kuala Lumpur-Singapore High Speed Rail (HSR); and the Johor Bahru-Singapore Rapid Transit System (RTS) will continue to improve market sentiments and restore investors’ confidence, according to Knight Frank Malaysia in its Real Estate Highlights for 2H2019 released today.

KUALA LUMPUR (Nov 28): Econpile Holdings Bhd did not fare that well in the first financial quarter ended Sept 30, 2019 (1QFY20) due to lower billings and higher percentage of billings from infrastructure projects that yield narrower margin.

KUALA LUMPUR (Nov 6): Gadang Holdings Bhd said it intends to participate in the open tender process for the three Pan Borneo Sabah packages — worth RM925 million — to be awarded next year, besides having submitted bids for some RM1 billion worth of construction jobs.

PETALING JAYA (Oct 11): With continuing external uncertainties and slow domestic growth, the construction sector in Malaysia is expected to be supported by on-going infrastructure development.