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CIMB Research sees RM77b capex for water infra

KUALA LUMPUR: CIMB Equities Research estimates RM77bil would be invested in water infrastructure over the longer term of which 70% would be for upstream and the remaining 30% to replace the old asbestos cement pipes.

Corporate News

Ranhill SAJ signs joint billing deal with IWK, eyes take over of sewerage operations in Johor

KUALA LUMPUR: Ranhil Holdings Bhd said a subsidiary, SAJ Ranhill Sdn Bhd, has entered into an agreement with Indah Water Konsortium Sdn Bhd (IWK) to implement a single bill system for water supply and sewerage services in Johor.


Petronas and Saudi Aramco set up two Rapid joint ventures

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) and Saudi Aramco, the national oil company of Saudi Arabia, have announced the formation of two joint-ventures for the Refinery and Petrochemical Integrated Development (Rapid) project, which is part of the Pengerang Integrated Complex (PIC) in Johor, Malaysia.


Sarawak to undertake RM1bil state water grid project

KUCHING: Sarawak is to undertake a RM1bil state water grid project following the rollout of the Pan Borneo Highway project.


Clean water in hot water

WITH 2018 around the corner, you would think that clean water is not an issue for us in Malaysia. But would you believe it if we told you that untreated faeces from animal farms and contaminated syringes could potentially be entering our water supply?


Higher risk premium weighs on construction stocks

PETALING JAYA: The higher risk premium brought along by the “build and finance” model and the impending general election is weighing on the share price of construction stocks.


Risk premium rises for construction, says AmInvest Research

KUALA LUMPUR: AmInvestment Research retains its positive outlook for the construction sector but it cautions the risk premium has risen, triggered by the MRT Corp to introduce a "build and finance" model for Mass Rapid Transit 3 (MRT 3).


Petronas installs among world's largest ethylene oxide reactors at Pengerang

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) recently installed the biggest ethylene oxide reactors -- amongst the biggest reactors in the world – for its refinery within the Pengerang Integrated Complex (PIC) in Johor.