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THE pie in the construction sector may be shrinking but there is still enough work to go around for the big as well as the small players. And with the recent announcement that more pump-priming measures are on the way, construction companies must be rubbing their hands with glee at the possibility of more opportunities.
WHEN Malaysia Mining Corp Bhd (MMC) paid a whopping RM1.6 billion for a 50.1 per cent stake in Port of Tanjung Pelepas (PTP), many were sceptical, suggesting that the conglomerate's acquisition was questionable given the long gestation period of a port operator and its hefty capital expenditure.
PORT operator Integrax Bhd (formerly known as Ganz Technologies Bhd) is looking at setting up reciprocal terminals in the region most likely in Sumatra, Indonesia.
SIME Darby Bhd has posted a higher profit for its latest financial quarter, but is cautious on the outlook for the remaining two quarters of its financial year, due to economic sluggishness induced by the threat of war in Iraq.