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Nation

Mega stop, go, maybe

Pakatan Harapan announced that it would review a number of mega projects initiated by the previous administration to save the country billions of ringgit. Since then, some multi-billion ringgit projects have been permanently shelved, others suspended or placed under review, while some were given the green light to carry on.

Business

Finance Ministry wants drastic cut in RM31bil LRT3 project

PETALING JAYA: The astronomical cost of the 37-km light rail transit 3 (LRT3) project has to come down drastically from RM31.45bil for the Ministry of Finance (MoF) to support it.

Business

Big changes ahead for construction players

HARDLY a month since Pakatan Harapan formed the federal government, several big changes have already taken place - with many more in the pipeline.

Business

Order to suspend HSR negotiations

PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) and Gamuda Bhd, the consortium that was tasked to handle the civil works of the scrapped Kuala Lumpur-Singapore High-Speed Rail (HSR) job, have been instructed to suspend all negotiations relating to the project.

Nation

Govt cancels HSR mega project

PETALING JAYA: Tun Dr Mahathir Mohamad has confirmed that the High Speed Rail (HSR) project will be scrapped.

Business

Mahathir to drop high-speed rail project with Singapore: FT

KUALA LUMPUR: Malaysia plans to drop its plans for a high-speed rail link between its capital, Kuala Lumpur, and Singapore, and will talk with its southern neighbour about the pact to build it, Prime Minister Tun Dr Mahathir Mohamad said in an interview published on Monday.

Business

WCT says higher margin civil works to sustain growth

KUALA LUMPUR: WCT Holdings Bhd, the construction firm headed by executive chairman Tan Sri Desmond Lim Siew Choon, posted a 17% jump in net profit to RM38.38mil in the first quarter ended March 31.

Business

HSR, MRT 3 projects may be reviewed

THE Kuala Lumpur-Singapore high-speed rail (HSR) and the Klang Valley mass rapid transit line 3 (MRT 3) projects are likely to be deffered, as the new government looks to review mega-projects in the construction sector.

Business

Top brass of rail projects summoned by Team of Eminent Persons

KUALA LUMPUR: Top brass in charge of billion-ringgit rail projects, including the Kuala Lumpur-Singapore high-speed rail (HSR) and East Coast Rail Link (ECRL) projects, were called in for a briefing by the Team of Eminent Persons.

Business

CIMB Research retains overweight on construction sector

KUALA LUMPUR: CIMB Equities Research is retaining its overweight recommendation for the construction sector and its add calls for Gamuda, MRCB and YTL Corp following the latest newsflow for the KL-Singapore High Speed Rail (HSR).