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Penang LRT project to start next year

KUALA LUMPUR: Construction of the proposed Komtar-Bayan Lepas Light Rail Transit (LRT) project, part of Penang's multi-billion ringgit Transport Master Plan (PTMP), is expected to begin next year.

ECRL project revival to benefit many sectors

PETALING JAYA: The revival of the East Coast Rail Link (ECRL) project is set to benefit local rail-based construction players, create a spillover effect for local port operators and potentially open up corridors for property development routes.

Evergrande tops Asia borrowers

HONG KONG: China Evergrande Group became Asia’s biggest bond market borrower so far this year after a US$1bil tap of its latest issue took the mainland property developers’ total sales so far to US$6.6bil.

Asia’s deal-making Ong brothers

BLACK Monday, the Black Friday mini crash in 1989, the 1997 Asian financial crisis and the 2008 subprime crisis. Asia’s deal-making Ong brothers have come a long way to becoming household names in private equity.






Brothers in business: RRJ Capital bosses Richard Ong (left) and his brother Charles in front of their office in Hong Kong.

Traders take profit on construction stocks

PETALING JAYA: Several construction stocks on Bursa Malaysia succumbed to profit taking yesterday, despite news on the revival of the billion-ringgit East Coast Rail Link (ECRL) project.

What is the long-term growth model of Asia?

AS the weather warms up in the Northern Hemisphere from a bitter winter, there is concern that the world is moving towards a synchronised global slowdown. This is a massive contrast to only a year ago, when the consensus was optimistic of a synchronised global recovery.





Digital platform: A Go-Jek logo is pictured in the company’s office in Singapore. — Reuters