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MRCB records revenue of RM1.2b in FY20, improved performance in 2H
KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) recorded revenue of RM1.2bil and loss before tax of RM152.9mil in FY2020 due to the RM175.3mil in impairment provisions relating to completed construction projects impacted by the pandemic.
Rail projects still on track
PETALING JAYA: Contractors and project owners of rail projects in the country have taken measures to ensure work on these critical infrastructures will continue even in the face of the Covid-19 pandemic.
Government focused on economic recovery efforts
PETALING JAYA: The government’s swift move in rolling out stimulus measures has helped to save the national economy from a worse slump in 2020, amid the Covid-19-induced crisis.
The Week That Was
TOP Glove Corp Bhd said all of its 28 factories in Klang, Selangor have resumed operations with stricter adherence to health standards.
Prasarana: It is not a raid by MACC
KUALA LUMPUR: Prasarana Malaysia Bhd has claimed that the Malaysian Anti-Corruption Commission (MACC) merely “paid a visit” to its office yesterday morning for “fact-finding”.“It was not a raid, it was fact-finding by MACC over the negative news reported about Prasarana recently, ” its deputy chief communication and marketing officer Rafizah Amran told a press conference yesterday.
Prasarana’s payments not up to date, says MRCBGK
PETALING JAYA: MRCB George Kent Sdn Bhd (MRCBGK) has clarified that Prasarana Malaysia Bhd’s payments on Oct 2,2020 were only for construction works done up to June 2020.
More projects in the pipeline
PETALING JAYA: Although the termination of the Kuala Lumpur-Singapore High-Speed Rail (HSR) project is seen as a major setback for the construction sector, research analysts are maintaining their mixed ratings on the sector
Prasarana says MACC visited office, not a raid
KUALA LUMPUR: Prasarana Malaysia Bhd has clarified that the Malaysian Anti-Corruption Commission (MACC) merely paid a visit to its office on Monday (Jan 4).
Short position - LRT 3, Top Glove suspension, Digital Bank Licence
What’s happening in LRT 3 project?
United U-Li set to sustain revenues
PETALING JAYA: United U-Li Corp Bhd secured 83 projects this year and that will help sustain short-term revenues.