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PETALING JAYA: TSR Capital Bhd has received a RM307mil subcontract job for the Gemas-Johor Baru electrified double-tracking project from Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd.
KUALA LUMPUR: The government's decision to continue with the construction of the Light Rail Transit 3 (LRT3) and compensate for the Eastern Dispersal Link (EDL) has cleared the uncertainties in Malaysian Resources Corp Bhd (MRCB), says AmInvestment Bank Research.
KUALA LUMPUR: CIMB Equities Research is maintaining its Underweight rating on the construction sector following the cancellation of the East Coast Rail Link (ECRL).
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.
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.
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.
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.
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.