News about sa

PETALING JAYA (June 6): If the government plans to terminate the East Coast Rail Link (ECRL) project, it will have to pay about RM22 billion in compensation and penalty charges, reported The Malaysian Insight.

KUALA LUMPUR (June 6): AWC Bhd said it will proceed with the completion of its proposed acquisition of a 60% stake in Trackwork & Supplies Sdn Bhd for RM43.

KUALA LUMPUR (June 6): Ekovest Bhd’s joint-venture (JV) agreement with Samling Resources Sdn Bhd to jointly undertake the development and upgrading of the Pan Borneo Highway (pictured) in the state of Sarawak — Phase 1 for work package contract WPC-02 (Semantan to Sg Moyan Bridge and KSR Interchanges) — with a total contract value of RM2.

PETALING JAYA (June 5): Ex-Bukit Beruntung Estate workers who could not get their homes after the Desa Beruntung housing project in Rawang was abandoned are now demanding the 4ha land meant for the project from the developer.

KUALA LUMPUR (Jun 5): WCT Holdings Bhd has withdrawn a proposal to grant share options to its independent non-executive directors from being put forward for voting in Wednesday’s annual general meeting (AGM).

PETALING JAYA (June 4): LBS Bina Group Bhd will not be holding back on its development project to transform the Zhuhai International Circuit in China although the joint development deal with NWP Holdings Bhd has lapsed.

PETALING JAYA (June 4): As many as 20 civil society organisations (CSOs) have urged Tan Sri Ting Pek Khiing (pictured) and the corporate sector in general to uphold transparency, accountability and integrity in all development projects, regardless whether the projects are publicly, privately or jointly owned and financed.

KUALA LUMPUR (June 4): The master developer for the Kuala Lumpur Vertical City (KLVC) project, Synergy Promenade Sdn Bhd, has filed a RM100 million defamation suit against former Federal Land Development Authority (Felda) chairman Tan Sri Shahrir Abdul Samad (pictured) in his personal capacity.

PETALING JAYA (June 3): Save Taman Rimba Kiara Working Group (STRKWG) and Taman Tun Dr Ismail resident’ Association (TTDI RA) have reiterated that Memang Perkasa Sdn Bhd should not proceed with the construction of a contentious high-rise high-density residential development in the neighbourhood as the developer allegedly did not comply with the requirements of the development order.

KUALA LUMPUR (June 1): UEM Sunrise Bhd, which had in January engaged London-based Atkins as the master planner for Gerbang Nusajaya’s transit-oriented development (TOD) plot, will reconsider its plan following the government’s decision to scrap the Kuala Lumpur-Singapore high-speed rail (HSR) project.