News by M

Industry players concurred that the risk of cancellation for these jobs is minimal. MRT 2, LRT 3 and Pan Borneo [Highway] are among the safe ones.

Northeast Penang is perceived as the upmarket part of the island, but Southwest Penang is becoming more appealing with numerous projects underway related to the Penang Second Bridge and Penang Transport Master Plan. 

Terror groups are targeting Bukit Bintang, Hartamas, Bangsar and malls, such as Publika and The Curve, Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor said yesterday.

The new four-car trains will increase the rail's capacity by 10% for each car, in addition to higher efficiency and minimum carbon emissions.

"The new trains will offer a quieter ride, dynamic station indicators, and handicap facilities. We also expect to improve waiting times, reducing headway to less than the current 2.8 minutes," group managing director Datuk Azmi Abdul Aziz said.

Amid a soft property market, Ho Hup Construction Co Bhd will take a cautious stance when it comes to launching its property development projects in Kota Kinabalu, Sabah, and Bukit Jalil

The Penang Transport Master Plan is expected to improve connectivity in the area with the Bayan Lepas LRT line from Gurney Drive to Teluk Kumbar and Batu Maung; and the Pan Island Link Highway project from Gurney Drive to Bayan Lepas.

The project involves structural, architectural, mechanical and electrical works, besides associated external and landscaping works for the two phases.

Its revenue in 4QFY15 inched up 2.67% to RM103.46 million from RM100.77 million in 4QFY2014.

Malaysian REIT Managers Association chairman Datuk Stewart LaBrooy notes that MREITs may have the opportunity to buy properties from companies seeking to monetise their assets to recapitalise their balance sheets given the economic slowdown.