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CIDB, Petronas to drive oil and gas construction excellence

KUALA LUMPUR: The Construction Industry Development Board Malaysia (CIDB) has partnered with Petronas to drive construction excellence in the oil and gas (O and G) sector through the Construction Industry Transformation Programme 2016-2020 (CITP).

The Construction Industry Development Board Malaysia (CIDB) has partnered with Petronas to drive construction excellence in the oil and gas (O and G) sector.

New toll-free interchange to ease travel time

KUALA LUMPUR: The newly completed toll-free Pantai Sentral Inter­change at the New Pantai Express­way is expected to ease traffic congestion in the surrounding areas.

IJM sees better performance from construction division in mid-2019

KUALA LUMPUR: IJM Corp Bhd expects its construction division to perform better from the second half of next year as its current projects are still at the initial or foundation stages.

Chief executive officer and managing director Datuk Soam Heng Choon (pic) said the overall construction sector in Malaysia is now in a consolidation phase as it is facing a slowdown due to a cut or delay in government projects and a slower property market.

Vertice sells 60% in Kumpulan Voir to deputy chairman

PETALING JAYA: Vertice Bhd is selling a 60% stake in wholly-owned subsidiary Kumpulan Voir Sdn Bhd to the former’s executive deputy chairman Seow Khim Soon for RM32.62mil.

Vertice said the proposed disposal is a strategic move in re-allocating its financial resources, namely to fund its construction division, to partially divest its fashion retailing business and continue participating in Kumpulan Voir’s fashion retailing business.

Gagasan Nadi Cergas plans to raise RM60mil from its IPO

PETALING JAYA: Ace Market bound construction and utilities concessionaire Gagasan Nadi Cergas Bhd (GNCB) aims to raise RM60mil from its upcoming initial public offering (IPO), out of which RM42mil is from the public issue of new shares and RM18mil from the sale of existing shares.

In a press conference after its prospectus launch here yesterday, group managing director Wan Azman Wan Kamal said the group is confident of its prospects in the construction sector.  “We are not too worried on the construction segment outlook."

Thailand deports Cambodian critic wanted over documentary

PHNOM PENH: Thailand sent back to Cambodia a labour activist wanted by authorities at home over his role in making a documentary about sex-trafficking that the government said contained fake news, police said.

Chinese stocks up, bonds tumble

Investors bet on further easing at next week’s economic policy meeting

Housing lift: A gauge of property stocks rose the most in seven weeks after China’s top economic planning body pledged to support bond issuance by highly-rated companies, adding to hopes for policy easing. — AP"

Urgent checks on ground stability needed

MIRI: The Pan Borneo Highway authorities must learn from the highway collapse at the Tatau-Bintulu stretch in northern Sarawak and carry out immediate ground stability checks on other routes.

Hundreds of Egyptian Christians protest at police killing

MINYA (Reuters) - Hundreds of Coptic Christians on Thursday attended the burial of a father and his son who were killed by a police officer in Egypt's Minya province, amid cries for the state to provide more protection.

Vertice sells 60% stake in Voir for RM32.6mil

KUALA LUMPUR: Construction firm Vertice Bhd has agreed to sell a majority stake in its fashion retailing business to executive deputy chairman Seow Khim Soon for RM32.62mil cash.

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