Cabinet accepts MMC-Gamuda offer


  • Business
  • Saturday, 27 Oct 2018

Works get nod: A file picture showing MMC-Gamuda tunnelling crew from its Tunnelling Training Academy at work. MMC-Gamuda made an offer to reduce the cost of MRT2 underground works by RM3.6bil, or 21.5, to RM13.11bil. The offer has been accepted.

PETALING JAYA: Shares of Gamuda Bhd and MMC Corp Bhd jumped after the Finance Ministry gave the green light on the continuation of underground works for the Mass Rapid Transit Sungai Buloh-Serdang-Putrajaya Line (MRT2) project at a reduced cost.

Gamuda’s shares rose 15 sen, or 6.47%, to close at RM2.47, while shares of MMC Corp Bhd gained four sen, or 3.57%, to end at RM1.16 yesterday.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Gamuda , MMC , MRT2 , construction

Next In Business News

Japan's Nikkei hits record high on loose policy hopes, weaker yen
FBM KLCI holds firm above 1,700
Ringgit opens lower against US$ but higher vs major currencies
Global EV sales growth likely to slow after 20% jump in rocky 2025, research firm says
Trading ideas: Capital A, LBS Bina, Rimbunan Sawit, Selangor Dredging, Vstecs, Velocity, Jetson, PetDag, Foodie Media
Oil prices rise on potential Iran supply disruption
Wall St falls with financials amid credit-card rate plan concern
Foodie Media� 1Q revenue at RM13mil
Ex-Lazard banker’s insider tips reap US$41mil haul
AirAsia X to be renamed AirAsia from next week

Others Also Read