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MANILA (Philippine Daily Inquirer/Asia News Network): President Rodrigo Duterte has accepted the endorsement of his political group, Partido Demokratiko Pilipino-Lakas ng Bayan (PDP-Laban), to run for vice president in the 2022 elections.
THE construction sector, which has been volatile over the last few weeks, has now calmed down after the government announced that it is proceeding with the light rail transit 3 (LRT3) project and the Klang Valley Mass Rapid Transit (MRT2), but at a reduced cost.
KUALA LUMPUR: CIMB Equities Research has upgraded Malaysian Resources Corp Bhd (MRCB) to Add with a higher target price of RM1.19 on news that it has teamed up with Gamuda to bid for the project delivery partner (PDP) role of the Kuala Lumpur-Singapore High-Speed Rail’s (HSR) infrastructure construction on the Malaysian side.
KUALA LUMPUR: The overall cost of the Pan Borneo Sarawak Highway (LBPS) project has been reduced by as much as RM3.1 billion to RM18.8 billion with the conventional method compared to RM21.9 billion under the Project Delivery Partner (PDP) method, says Lim Guan Eng.
CEO on Naza-CSR’s bid to be PDP and provide up to 90% financing for rail job
MANILA (Philippine Daily Inquirer/Asia News Network): Manny Pacquiao, who rose to world fame with a phenomenal boxing career before somewhat fading in a lacklustre political career, has thrown his hat in the presidential arena as the standard-bearer of a faction of the PDP-Laban, the ruling party now divided by his political tussles with President Rodrigo Duterte.