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After many hiccups, the giant project looks set to take off. Once viewed with scepticism, Bakun is today crucial to help fuel economic growth.
The delisting of DMIB Bhd and the transfer of its listing status to Sime Engineering Services Bhd (SES) will be completed by end August, according to DMIB's independent non-executive director Tan Sri Mohd Ramli Kushairi.
MTD Capital seems to have failed to sustain the interest of analysts these days. Most analysts today are adopting a wait and see attitude while some others have moved to re-evaluate their stand on the construction company and toll road operator.
The revived Bakun hydroelectric dam project has kicked off with the signing of the agreement between Sarawak Hidro Sdn Bhd (SHSB) and its main contractor Malaysia-China Joint Venture (MCH JV) for the civil works portion (CW2) valued at RM1.8bil.
THE domestic property sector and construction industry will not be spared from having to face the resulting challenges from globalisation and liberalisation, said National Chamber of Commerce and Industry of Malaysia president Datuk Seri Abdul Rahman Maidin.
SIME Darby Bhd, Malaysia's oldest conglomerate, with very diversified interest, can look forward to another good year ahead.
Apart from the large investments abroad that have made headline news such as the acquisition of Unilever group assets by IOI Corp Bhd and Wessex Water by YTL Power International Bhd, there were also many companies with smaller market capitalisation which crossed the border last year.