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Government decisions have cleared up uncertainties in MRCB

KUALA LUMPUR: The government's decision to continue with the construction of the Light Rail Transit 3 (LRT3) and compensate for the Eastern Dispersal Link (EDL) has cleared the uncertainties in Malaysian Resources Corp Bhd (MRCB), says AmInvestment Bank Research.

Rubber glove sector to see slowing earnings growth

KUALA LUMPUR: The rubber glove sector in Malaysia is expected to see slowing earnings growth now that the vinyl glove supply from China has recovered, says PublicInvest Research.

GentingM, Genting Bhd drag KLCI into the red

KUALA LUMPUR: Genting Malaysia, Genting Bhd and Malaysia Airports Holdings Bhd (MAHB) came under selling pressure on Monday, but closed off the day's low, in a knee-jerk reaction to the
Budget 2019 proposals.

MRCB-GKent accepts LRT3 contract award for revised sum

KUALA LUMPUR: MRCB-George Kent Sdn Bhd has received the letter of appointment for the construction of the Light Rail Transit Line 3 from Bandar Utama to Johan Setia following the revision of its price tag.

Contract sum is fixed at RM11.86bil and includes a contingency/provisional sum of RM400mil, which, if not utilised, will reduce the contract sum.

S.Korea gets US exemption on Iranian crude oil imports

SEOUL: South Korea has been granted a waiver from the United States on Iranian oil imports just as U.S. sanctions against Tehran come into force, a South Korean government official said on Monday.