SCIB files writs of summons against developer Awana JV Suria Saga after project in Perak falls through
As part of the lawsuit, SCIB is seeking several court declarations to safeguard its financial interests and legal standing.
KLIA aerotrain to resume operations by 2Q, says MD of MAHB
After almost two years of suspension, the automated people mover system (aerotrain) at the Kuala Lumpur International Airport (KLIA) is now targeted to resume operations by the second quarter of 2025, subject to the testing and commission progress.
Berjaya still eyeing KL-S'pore HSR, awaiting Putrajaya's decision, says Vincent Tan
Berjaya Corp Bhd (KL:BJCORP) remains committed to participating in the Kuala Lumpur-Singapore high-speed rail (HSR) project. However, the project’s progression depends on the government's decision-making process and financial conditions, said the group's founder Tan Sri Vincent Tan Chee Yioun.
Malaysia's data centres unaffected by US AI chip export restrictions, says deputy Miti minister
The potential implementation of export limitations by the US government on artificial intelligence (AI) chips is not expected to impact the operations of existing data centres in Malaysia, according to deputy minister of investment, trade and industry (Miti) Liew Chin Tong.
Knight Frank calls for clear incentives to drive investments in Johor-Singapore Special Economic Zone
The establishment of the Johor-Singapore Special Economic Zone (JS-SEZ) has garnered attention, but more effort is needed to enhance its competitiveness to attract investments, according to Knight Frank executive director Amy Wong Siew Fong.
Gamuda gets first package worth over RM8 bil of Penang LRT project
Gamuda Bhd (KL:GAMUDA) said its consortium has been appointed as the main contractor to deliver the first civil works package worth over RM8 billion for the Penang Light Rail Transit project.
MRCB confirms withdrawal from Berjaya-led HSR consortium
Malaysian Resources Corp Bhd (KL:MRCB) has confirmed it has withdrawn from a Berjaya-led consortium which is bidding for the multi-billion-ringgit Kuala Lumpur-Singapore high-speed rail (HSR) project.
JAKS' indirect subsidiary to raise RM250m via medium-term note programme
JAKS Resources Bhd (KL:JAKS) said its indirect subsidiary MNH Global Assets Management Sdn Bhd has filed for the establishment of a medium-term note (MTN) programme of up to RM250 million with the Securities Commission Malaysia.
Remeasurement gain from JV helps lift WCT's 3Q net profit despite revenue dip
WCT Bhd recorded a net profit of RM173.22 million for the third quarter ended Sept 30, 2024 (3QFY2024), compared with a net loss of RM13.54 million a year earlier, thanks to the remeasurement of interest in a jointly controlled entity amounting to RM184 million.
Ho Hup Construction resolves winding-up petition amicably
The petition, initiated in late August, sought an unpaid sum of RM184,438.80, alongside statutory interest of 5% per annum from March 1, 2024 and costs of RM3,000.
