Gamuda bags RM1.77 bil Singapore MRT project
Gamuda Bhd’s Singapore branch (GBSG), an operating unit of the group, has secured a S$509.568 million (RM1.77 billion) design and construction contract for the West Coast station and tunnel.
MyEG inks deal with PDC to develop RM108m foreign workers' village
MyEG Lodging (NC) Sdn Bhd, a subsidiary of e-government service provider MyEG Services Bhd, has signed a 30-year lease agreement with Penang Development Corp (PDC) to develop a foreign workers' village project worth RM108 million.
Retail Group Malaysia upgrades 2023 retail growth forecast to 2.8% after strong 3Q sales
RGM said that the latest quarterly result surpassed the expectations of the MRA and MRCA, which projected a 1.4% growth rate in September.
Chairman of Kumpulan Jetson resigns within two months of appointment
Datuk Tengku Ibrahim Farihaddin Datuk Tengku Feissal has stepped down from the position of independent and non-executive chairman of the construction group Kumpulan Jetson Bhd, less than two months after his appointment to the position.
Negotiations to restructure highway toll concession involve 19 highways — deputy minister
The government has initiated negotiations with toll concessionaires to restructure toll collection on 19 highways as per the Cabinet's decision on Dec 18, 2020, according to Deputy Works Minister Abdul Rahman Mohamad.
RM18.3b worth of unsold houses in 2Q, says deputy minister
A total of 26,286 completed houses, valued at RM18.3 billion, were reportedly unsold in the second quarter of 2023 (2Q2023).
GuocoLand's 1Q net profit triples to RM4.8 mil on higher property development and hospitality contribution
Property developer GuocoLand (Malaysia) Bhd's net profit surged threefold to RM4.79 million in its first quarter ended September 30, 2023 (1QFY2024) from RM1.57 million a year ago, attributed to overall improvement in the property development and hospitality divisions.
Over RM529m worth of residential units auctioned in first nine months of 2023 — Nga
There were 1,920 residential units auctioned in the first nine months of 2023, with a total value of RM529.03 million, according to Local Government Development Minister Nga Kor Ming.
Malaysia-China Kuantan Industrial Park drew RM31b in investments, created over 14,000 jobs, says deputy Miti minister
The Malaysia-China Kuantan Industrial Park (MCKIP) has achieved a cumulative investment value of over RM31 billion across 21 projects, and is expected to create more than 14,000 job opportunities, according to Deputy Minister of Investment, Trade and Industry Liew Chin Tong.
No discussion with Singapore yet on HSR project, says Loke
The Malaysian government is still searching for a suitable financing method for the Kuala Lumpur-Singapore High-Speed Rail (HSR) project before bringing it to the Singapore government for further discussions, says Transport Minister Anthony Loke.
