MRCB-George Kent aims to complete over 40% of LRT3 by end-2020
KUALA LUMPUR (Feb 10): MRCB-George Kent Sdn Bhd aims to complete more than 40% of the Light Rail Transit Line 3 (LRT3) by the end of this year.
Mudajaya back in the black after 13 straight quarterly losses
KUALA LUMPUR (Nov 30): After logging 13 consecutive quarters of losses, Mudajaya Group Bhd has returned to the black with a net profit of RM812,000 in its third quarter ended Sept 30, 2019 (3QFY19).
Property firm sues SunCon, Prasarana, claiming LRT3 works have encroached into its project site
KUALA LUMPUR (Nov 16): A Klang-based property developer has filed a RM711.
Upcoming Budget 2020 expected to boost construction job growth
Construction sector Maintain neutral: We expect the upcoming Budget 2020 announcement on Oct 11 to prioritise public transport projects but limited to those already awarded, revised and approved: Light Rail Transit Line 3 (LRT3), Mass Rapid Transit Line 2 (MRT2) and East Coast Rail Link (ECRL).
IJM Corp eyes RM1.5b new construction orders in FY20
KUALA LUMPUR (Aug 29): IJM Corp Bhd, which announced a 5.
MRCB's LRT3 progress billings expected to pick up in 2H
Malaysian Resources Corp Bhd (Aug 27, 72 sen) Maintain hold with a lower target price (TP) of 74 sen: Malaysian Resources Corp Bhd’s (MRCB) net profit of RM15 million (-72% year-on-year [y-o-y]) for the cumulative six months of financial year 2019 (6MFY19) is only 11% to 16% of the market consensus and our previous FY19 forecast of RM94 million to RM137 million.
George Kent, MRCB say LRT3 project funding dispute is over priority of options
KUALA LUMPUR (Aug 16): Both George Kent (Malaysia) Bhd and Malaysian Resources Corp Bhd (MRCB) yesterday clarified that the dispute between them over the financing requirements for their joint venture (JV) company that is undertaking the Light Rail Transit 3 (LRT3) project is to do with the priority of funding options.
George Kent, MRCB in LRT3 funding dispute
KUALA LUMPUR (Aug 14): A dispute has arisen between George Kent (Malaysia) Bhd and Malaysian Resources Corp Bhd (MRCB) over financing requirements for their joint-venture (JV) company that is undertaking the construction of the Light Rail Transit Line 3 (LRT3).
EITA Resources LRT3 contract value cut 65% to RM67.45m
KUALA LUMPUR: EITA Resources Bhd’s contract to supply lifts and escalators for the light rail transit Line 3 (LRT3) project has been revised, with the contract sum cut by a whopping 65.
SunCon bags 2 new piling jobs worth RM86m, YTD job wins reach RM867.7m
KUALA LUMPUR (March 21): Sunway Construction Group Bhd announced yesterday that it has, via its subsidiaries, bagged two piling works contracts worth a combined value of RM86.
