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Ireka forms JV to explore rail opportunities

PETALING JAYA: Ireka Corp Bhd has entered into a joint venture (JV) and shareholders’ agreement with CRRC Urban Traffic (Europe) Co Ltd (CRRC UT Europe) to pursue urban transportation business opportunities in Malaysia and the South-East Asian region, particularly in the areas of rail, urban transportation, logistics, trading and construction.

Scomi on the fast-track

ON the surface of it, the current state of the Malaysian construction sector looks stagnant and appears to be mired in a lot of waiting and bureaucratic hurdles.

Company implements mitigation measures following residents’ complaints

NOISE disturbance, excessive vibration and flooding during downpours are some of the problems faced by residents in Jalan Cumarasami, Kuala Lumpur, since construction began on a traction power substation (TPSS) near the neighbourhood.

Takeover in limbo

PETALING JAYA: The proposed takeover of Gamuda Bhd’s four urban highways by the government is still in limbo.

Sunway upbeat about JV dealwith PKNS

KUALA LUMPUR: Sunway Bhd’s 60%-owned joint venture with Selangor State Development Corp (PKNS) has entered a privatisation agreement to develop a mixed development on a 9.5-acre parcel of leasehold land in Kota Damansara.

Sunway-PKNS collaborate on RM544m GDV Kota D'sara development

KUALA LUMPUR: Sunway Bhd's 60%-owned joint venture with Selangor State Development Corp (PKNS) has entered a privatisation agreement with the latter company to develop a mixed development on a 9.5-acre parcel of leasehold land in Kota Damansara.

Recession fears hit Asian region including Singapore

TALK of recession has hit the region, and near home, Maybank Kim Eng Research is flagging that possibility for Singapore in the next quarter.

Port operations lift MMC’s first quarter earnings

KUALA LUMPUR: A jump in contribution from its port operations boosted MMC Corp Bhd’s earnings in the first quarter.