News about li

KUALA LUMPUR (July 10): If city folk are itching to vote in local council elections, they will have to wait a while longer.

PETALING JAYA (July 10): The Petaling Jaya City Council (MBPJ) will soon see fresh councillors in action.

Malaysian Resources Corp Bhd (July 9, 60 sen) Maintain buy with an unchanged target price (TP) of RM1.

KUALA LUMPUR (July 10): Analysts reckon the third light rail transit (LRT3) line in the Klang Valley is not in danger of being dropped despite talk of Putrajaya reviewing the project because of massive cost overruns.

KUALA LUMPUR (July 9): HSS Engineers Bhd associate company HSS Integrated Sdn Bhd (HSSI) has received a letter from China Communication Construction (ECRL) Sdn Bhd on the suspension of the East Coast Rail Link (ECRL) project, Bernama reported today China Communication Construction (ECRL) Sdn Bhd received the letter from the project owner, Malaysia Rail Link Sdn Bhd, on July 4.

KUALA LUMPUR (July 9): Malaysia Rail Link Sdn Bhd (MRL), the project owner of the RM81 billion East Coast Rail Link, has dismissed today news reports that suggest construction work is continuing on the ECRL despite a suspension order having been issued.

KUALA LUMPUR (July 9): Piling and foundation specialist Econpile Holdings Bhd has bagged a RM122 million contract to undertake working bored piles for the proposed Pavilion Damansara Heights (Parcel 2) mixed development at Jalan Damanlela here.

PETALING JAYA (July 9): All 50 units of Ramah Pavilion condominium in Teluk Kumbar, Penang island, under the developer’s rent-to-own (RTO) scheme were taken up by interested buyers within two months after the scheme was introduced in mid-April.

HANGZHOU (China): Chinese e-commerce giant Alibaba Group Holding Ltd said it remains committed to its plans in Malaysia despite uncertainty created by the Malaysian government’s review of megaprojects awarded by the previous administration.

KUALA LUMPUR (July 9): Consortium Zenith Construction Sdn Bhd (CZC), the contractor of Penang’s RM6.