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Najib slams Pakatan's double standards on ‘expensive projects’

PETALING JAYA: Datuk Seri Najib Tun Razak has criticised Pakatan Harapan for condemning the projects which he had started but allowed its own costly projects to continue, such as the Pan Island Link 1 (PIL 1) highway project and the take-over of Syarikat Pengeluar Air Selangor Sdn Bhd (SPLASH).


Gamuda seeks to further talks

PETALING JAYA: Construction giant Gamuda Bhd has written to Kumpulan Darul Ehsan Bhd (KDEB) to seek further discussions and negotiations to obtain clarification on the indicative terms and conditions for the proposed purchase of a 100% stake in Syarikat Pengeluar Air Selangor Holdings Bhd.

Corporate News

Gamuda gets offer to facilitate water restructuring

PETALING JAYA: Gamuda Bhd has received a letter of offer yesterday from Pengurusan Air Selangor Sdn Bhd (Air Selangor) setting out the termination of the existing operations and maintenance agreement of the Sungai Selangor Water Treatment Plant Phase 3 (SSP3 OMA) between Gamuda Water and Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash).

Corporate News

Gamuda Water has until Aug 27 to accept Air Selangor offer to takeover Splash

KUALA LUMPUR: Gamuda Bhd on Tuesday said it has received a letter of offer from Air Selangor, the state owned company, to takeover Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash).


Minister: Splash’s offer against WSIA spirit

KUALA LUMPUR: Syarikat Pengeluar Air Sungai Selangor Bhd's (Splash) bid to take over the water assets in Selangor counters the main thrust of the Government's restructuring plans for the country's water sector and as such, will need to be relooked, said Water, Green Technology and Energy Minister Datuk Seri Peter Chin.


KPSB looking for new ventures on strength of RM1.79bil proceeds

SHAH ALAM: Kumpulan Perangsang Selangor Bhd (KPSB) is actively looking for new business opportunities on the strength of its expected RM1.79bil proceeds from the divestment of its stake in Kumpulan Hartanah Selangor Bhd (KHSB) and its water assets.


Water consumers in Selangor hope for better days

PETALING JAYA: The 10-year Selangor water saga is coming to an end with the likely acquisition of Syarikat Pengeluaran Air Selangor Sdn Bhd (Splash) by Pengurusan Air Selangor Sdn Bhd for RM2.55bil.


Trading ideas: Bumi Armada, Gamuda, KPS, HeiTech Padu, Vizione

KUALA LUMPUR: Bumi Armada Bhd, Gamuda Bhd, Kumpulan Perangsang Selangor Bhd, HeiTech Padu Bhd and Vizione Holdings Bhd are among the stocks to watch on Thursday, according to JF Apex Research.

Corporate News

Gamuda down on news of reduced role in MRT3

PETALING JAYA: Shares of Gamuda Bhd have taken a hit following news that the group will not be the project delivery partner (PDP) for the MRT3 or Circle Line project, which is set for completion in 2025