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HSR news flow seen lifting construction
PETALING JAYA: The possibility of favourable developments for the KL-Singapore High Speed Rail (HSR) project as the end-May review deadline nears will bode well for the construction industry.
MCO takes toll on highway operators, revenue may fall 15% in 2020
KUALA LUMPUR: The abrupt and significant impact on traffic volume during the four-week movement control order (MCO) will translate to lower revenue, a credit negative for toll road issuers, Maybank Investment Bank Research says.
Builder Gamuda says great uncertainty due to Covid-19 pandemic
KUALA LUMPUR: Gamuda Bhd posted a higher net profit in the three-month ended Jan 31 on improved contribution from its construction division, but its next quarter outlook is less certain.
MARC revises outlook on Kesturi's ratings to stable
KUALA LUMPUR: Malaysian Rating Corporation (MARC) revised the outlook on its ratings on Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd’s (Kesturi) two tranches of debts notes to stable from negative.
Concessionaires hope govt will finalise takeover of 4 highways by March
KUALA LANGAT: The concessionaires of four highways in the Klang Valley hope the government will be able to make a decision on the takeover of the highway concessions latest by end-March this year.
Niggling questions on PNB's voting rights
Niggling question on PNB’s voting rightsTHE role of Permodalan Nasional Bhd (PNB) in the takeover of the four highways by the Finance Ministry (MoF) has come into question
Takeover deadline for Gamuda highways extended again
KUALA LUMPUR: Gamuda Bhd and four related concession holding companies have agreed to another two-month extension to finalise a deal for government to take over their highway toll collection business.
Deadline for takeover of Gamuda highways extended again
KUALA LUMPUR: Gamuda Bhd and four related concession holding companies have agreed to another two-month extension to finalise a deal for government to take over their highway toll collection business.
Cabinet nod paves ways for govt takeover of Gamuda, Litrak highways
AFTER several months of uncertainty, the government’s plan to acquire Gamuda Bhd and Lingkaran Trans Kota Holdings Bhd (Litrak) toll highways finally got the nod from the Cabinet - removing a big hurdle.