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Bank Negara's international reserves stood at US$103.5bil as at Sept 13, retaining the same amount as at Aug 30.
IT is easy to fathom why the project delivery partner (PDP) for the Pan Borneo Highway is unhappy about the termination of its mandate for the RM16.12bil highway project.
KUCHING: Uncertainty over the role of Lebuhraya Borneo Utara Sdn Bhd (LBU) as the project delivery partner (PDP) of Sarawak Pan Borneo Highway project has hindered the progress of the highway construction
PETALING JAYA: The ongoing arbitration between the two contractors currently building the Light Rail Transit 3 (LRT3) will not have any impact on the progress of the project. The two are George Kent (M) Bhd and Malaysian Resources Corp Bhd (MRCB). George Kent told StarBiz that project operations were also running normally.
GEORGE TOWN: The first of the three islands planned under the Penang South Reclamation (PSR) project is expected to create RM4bil worth of new construction jobs for the industry.
KUALA LUMPUR: Alliance DBS Research sees the potential selldown of IJM Corporation after the termination from MRCB-George Kent for its RM1.115bil tunneling contract for LRT 3 as an opportunity to Buy.
PETALING JAYA: While the Penang South Reclamation (PSR) project has shown positive progress in obtaining the relevant approvals, UOB Kay Hian is cautious about the commencement of the project due to the absence of capital outlay.
D&O Green Technologies Bhd stands to see an improvement in profits for the second quarter, but faces uncertainty in the second half of the year due to the trade war.
KUALA LUMPUR: CIMB Equities Research sees the order book replenishment outlook for contractors across the board (on account of the reinstatement of cancelled/ deferred jobs) has greatly improved compared to a year ago.