MRCB wins bid for Ipoh Sentral, say sources
The iRide project, which is based on the TOD concept, will see the development of almost 70 acres of RAC land behind Ipoh Railway Station, which will be rebranded as Ipoh Sentral.
The iRide project, which is based on the TOD concept, will see the development of almost 70 acres of RAC land behind Ipoh Railway Station, which will be rebranded as Ipoh Sentral.
Under the deal, GDC Data will acquire a 49% stake in Maxland Real, which is to serve as the joint-venture company for the collaboration.
This disposal follows Mieco’s strategic rationalisation, which involved consolidating operations at its Kuala Lipis plant to centralise production and achieve cost efficiencies.
More rolling stocks will be needed to achieve the target, and the government is currently discussing its options and plans.
The previously terminated high-speed rail (HSR) project linking Kuala Lumpur and Singapore can only proceed with full participation from the private sector and minimal government funding, Transport Minister Anthony Loke Siew Fook reiterated on Monday.
Mitrajaya Holdings Bhd (KL:MITRA) said it has secured a RM375.5 million contract for the construction of a data centre in Kuala Lumpur.
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.
The long-awaited transformation of Johor into a key investment hub is “finally happening” after a couple of “false dawns”, says Jefferies.
Malaysian stocks tied to the data centre investment theme face further downside risks, JPMorgan warned and downgraded Sunway Construction Group Bhd (KL:SUNCON) and Gamuda Bhd (KL:GAMUDA).
Malaysian construction stocks fell further on Friday, as investors further cut their exposure to data centre plays, amid lingering fallout from intensifying US controls on advanced chip exports.