Sime Darby Property mutually terminates joint venture with Brunsfield Metropolitan
The JV will now be Sime Darby Property’s wholly owned subsidiary, and will be renamed in due course, the group said.
No decision yet on RM3.5 bil Multi-Lane-Fast-Flow project, says works minister
Works Minister Datuk Seri Alexander Nanta Linggi said letters of agreement that were inked in 2021, providing approval in principle for the implementation of the new tolling system, only enabled those involved to present proposals.
Highway concessionaires to retain toll collection rights despite MLFF project development, says Nanta
Works Minister Datuk Seri Alexander Nanta Linggi said he and his team are striving to ensure the seamless execution of the MLFF project, which requires cooperation and support not only from this ministry, but also from the highway concessionaires, and the top management of the unity government.
Analysts maintain 'buy' on Gamuda, expect strong quarters ahead on high order book, unbilled sales
There are currently 20 "buy" calls and only one "sell" call on Gamuda, with a 12-month average target price (TP) of RM5.
Gamuda records RM195 mil net profit in 1QFY2024
The group’s construction and property earnings grew 35% to RM195 million in 1QFY2024, compared with 1QFY2023’s earnings of RM145 million.
Gamuda bags RM1.77 bil Singapore MRT project
This project is part of Singapore’s 15-kilometre (km) Cross Island Line Phase 2 (CRL2) Mass Rapid Transit (MRT) line, which is also Singapore’s eighth MRT line, comprising six stations.
Sarawak plans undersea power transmission to the peninsula and Singapore
Sarawak Premier Tan Sri Abang Johari Tun Openg said the state has already started discussions with Singapore and the Federal Government for the undersea transmission line but did not provide a timeline for its commencement as it is still building its renewable energy (RE) capacity.
RHB IB upgrades IJM Corp on strong earnings and prospects, raises target price to RM2.21
The research house said IJM Corp’s job replenishment trend has improved, and the group is well-positioned to take on upcoming major projects, such as the civil work packages for Mass Rapid Transit 3, the New Pantai Expressway extension — estimated at RM1 billion — and to be supported by some warehouse and semiconductor facilities projects.
KL-SG high-speed rail suit: ‘Mere dissatisfaction over govt decision alone not basis for legal action’
Judicial Commissioner (JC) Roz Mawar Rozain observed this while presiding over the defendants’ application to strike out the suit by Mohd Hatta Sanuri against former prime ministers Tun Dr Mahathir Mohamad and Tan Sri Muhyiddin Yassin, and several others over the Kuala Lumpur-Singapore high-speed rail (KL-SG HSR)’s cancellation two years ago.
MRCB 3Q net profit down on lower revenue from property development, construction segments
MRCB said the decline in revenue was due to much lower contributions from the property development and investment division, as well as the engineering, construction and environment division, following the completion of three major infrastructure construction projects last year and two major property development projects in the first half of 2023 (1HFY2023).
