Highway blues


Smooth flow: Surprise...surprise...the reverse exodus from throughout the peninsula to the federal capital on the last day of the Chinese New Year holiday period was unexpectedly jam-free.

JUST as a ray of sunshine appeared for the construction sector after a tumultuous 2018, uncertainty gripped construction stocks once again after the government said it has began negotiations to start taking over the highway concessionaires.

The announcement by the government last Saturday said talks to take over four intra-city highways controlled by Gamuda Bhd had commenced, a tonne of bricks fell on construction stocks once again on Monday when the market opened.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Gamuda , concessionaire , Plus

   

Next In Business News

Wall St set to open higher as Fed allays rate-hike concerns
Singapore DBS’s digital services hit days after MAS ban ends
US weekly jobless claims unchanged; layoffs decline in April
Gold falls as investors evaluate US rate cut prospects
UOA REIT expects office rental market to remain challenging
Ringgit rebounds to end higher vs US dollar
BHIC unit bags RMN submarine contract from Mindef worth RM43.6mil
Sapura Energy appoints Ganesh Gunaratnam as new CFO effective June 1
Capital A formulating regularisation plan to address PN17 status
Ajinomoto declares special dividend of RM2.12 from land sale

Others Also Read