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SINGAPORE: A small army of about 380 construction workers should be hammering away as the luxury condominium Meyer House nears completion, but the shortfall in foreign labour has left the site with just 230 men on the job.
BEIJING: China Tiesiju Civil Engineering Group (CTCE), a state-owned construction behemoth, used the country’s first intelligent track-laying facilities to lay a pair of 500-m-long ballast-free track segments for a 38.24 billion yuan (US$5.92bil or RM24.7bil), 246.6-km high-speed railway line.
KUALA LUMPUR: The Ministry of Finance (MoF) confirmed yesterday legal representatives of 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd had filed a total of 22 civil suits to recover RM96.6bil (US$23bil).
MANILA: Philippine food maker Monde Nissin Corp is in talks with Singapore state investment fund GIC Pte Ltd and Hong Kong insurer AIA Group Ltd to become cornerstone investors in what could be the country’s biggest-ever initial public offering (IPO), according to people familiar with the matter.
Zafrul: The government will not rest until all those involved are made fully accountable for the wrongdoings caused to the country through their involvement in 1MDB and/or SRC.
Summary of business stories - OPR, Sime Darby Property, Malaysia Airlines, IHH Healthcare
IN THE run-up to the 2020 United States election, a meme started making the rounds on Twitter. “Transport is climate policy, ” someone would tweet above an article about subway improvement. “Childcare is climate policy, ” they’d say about a paid maternity leave proposal. The quip applied to almost everything – even voting by mail.
KUALA LUMPUR: Bank Simpanan Nasional (BSN) will implement the Bantuan Prihatin Rakyat (BPR) 2021 phase 2 payments in stages starting May 7 until May 12 for account crediting and May 17 for cash payment at BSN branches.
SINGAPORE: Mitsui & Co is exploring a deal to take Malaysian hospital group IHH Healthcare Bhd private, according to people with knowledge of the matter.