Budget 2018

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Analyst Reports

UOB Kay Hian Malaysia Research expects PPB’s earnings growth in 2018 to be supported by an earnings improvement across all core businesses.

SunCon revenue hits RM2bil

PETALING JAYA: Sunway Construction Group Bhd (SunCon) says 12-month revenue topped RM2bil for the first time in the financial year ended Dec 31, 2017 (FY17), boosted by ongoing works at the Klang Valley Mass Rapid Transit (KVMRT) project.

Group managing director Chung Soo Kiong(pic) said that SunCon has submitted a tender for the Kuala Lumpur-Singapore high-speed rail project delivery partner under a four-party consortium, of which Sunway Construction Sdn Bhd is a partner with IJM Construction Sdn Bhd, Jalinan Rejang Sdn Bhd and Maltimur Resources Sdn Bhd.

PM says Malaysia not going bankrupt

KUALA LUMPUR: Datuk Seri Najib Tun Razak has reiterated that Malaysia would not go bankrupt as it managed to reduce its debt to 50.4 per cent against the self-imposed ceiling of 55 per cent, garnered higher foreign reserves, while works on infrastructure projects are in full swing.

Datuk Seri Najib Tun Razak speaking at the Program Bajet 2018 Bersama Rakyat dan the launch of the Amanah Dana Anak Malaysia 2050 (ADAM50) di Hospital Canselor Tuanku Muhriz Pusat Perubatan Universiti Kebangsaan Malaysia on Thursday. - Bernama

George Kent consortium to bid for HSR project

PETALING JAYA: George Kent (M) Bhd has joined forces with four foreign companies to form a consortium to bid for the Kuala Lumpur-Singapore high-speed rail (HSR) project.. The group also comprises Siemens, Alstom, Ferrovie and PORR

“George Kent has assembled a strong team and will be working together with experienced partners to deliver and maintain the safest and most reliable HSR system in the world.  “We aim to facilitate technology transfer and maximise the local content, resources and human capital in line with Malaysia’s aspiration of developing a resilient and vibrant rail industry,” said George Kent chairman Tan Sri Tan Kay Hock(pic)

Foreign buying of Malaysian bonds to continue

PETALING JAYA: Yield differentials between Malaysian government securities (MGS) and US treasuries (UST) is set to narrow supported by healthy foreign buying of Malaysian bonds amid the country’s positive economic fundamentals