Scomi Engineering gains from Brazil turmoil


When contacted, chief executive officer Kanesan Veluppillai confirmed that Sao Paulo Metro had turned to Scomi Engineering to complete and possibly fast track the Line 17 monorail project.

PETALING JAYA: The economical and political crisis in Brazil has benefited Scomi Engineering Bhd, with the company bagging additional work orders from the Brazilian government.

A Brazilian financial newspaper reported that Scomi Engineering’s partners for the Line 17 monorail project in Sao Paulo had pulled out from the project. The newspaper reported that Scomi would assume the remaining works.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Blackstone closes largest Asia private equity fund at US$13.1bil
Mikro MSC appointed exclusive Malaysian partner for Tier-1 battery manufacturer
Malton unit to purchase JB land for RM97.23mil
Alliance Bank, 99 Speed Mart to offer 0% instalments on bulk puchases
SRKK AI inks underwriting deal with TA Securities for IPO
Watsons appoints Caryn Loh as regional MD of Health & Beauty Asia
OECD says protracted war could drag on global growth, push up inflation
Zara owner Inditex defies consumer gloom with strong early summer sales
Pekat unit expands Kulai facility to 135 MWac, revises contract value to RM186.54mil
TNB reaffirms role in energy transition journey, recognises urgency of climate change

Others Also Read