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WITH more flashing signs of less propitious global economic backdrop and the risk of a global recession is “high and rising” going into 2020, Malaysia’s real GDP growth is likely to decelerate to 4.5% in 2020 from an estimated 4.7% in 2019.
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.
PETALING JAYA: Cement prices are expected to go up by the end of the year, following early signs of recovery that have come about as a result of the acquisition of Lafarge Malaysia Bhd by YTL Cement Bhd.
KUALA LUMPUR: Malaysian Rating Corporation (MARC) has affirmed the ratings of WCT Holdings Bhd’s RM1bil medium-term notes (MTN) programme and RM1.5bil Sukuk Murabahah programme (sukuk) at AA- and AAIS.
PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) has recorded a net profit of RM11.06mil for its second quarter ended June 30 compared with RM33.45mil in the previous corresponding period, while revenue came in at RM240.97mil compared with RM405.25mil before.
KUALA LUMPUR: Affin Hwang Capital research revised its earnings forecast for Sunway Construction Bhd on the back of delays to its construction earnings recognition and a disappointing 1H19 result.
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.
KUALA LUMPUR: George Kent (M) Bhd has commenced an arbitration proceeding against its joint venture partner Malaysian Resources Corp Bhd (MRCB) over a dispute relating to securing of funds for the Light Rail Transit line 3 (LRT 3) project.
KUALA LUMPUR: Kenanga research remains positive over George Kent (M) Bhd's prospects as the group is finalising its design for the LRT3 by year-end and will resume work in full swing by early 2020.