The feasibility study for the high-speed rail network connecting Sabah, Sarawak, Brunei, and Kalimantan, Indonesia—dubbed the Trans-Borneo Railway project—is expected to be concluded by the third quarter of 2026, Transport Minister Anthony Loke Siew Fook said.
The Federal Court has fixed Aug 29 to hear Semantan Estate (1952) Sdn Bhd’s stay application on the Court of Appeal’s decision in June that had ordered for the case to be sent back to the High Court for valuation of compensation of the 1956 “trespass” acquisition of the prime land in Kuala Lumpur.
MGB Bhd (KL:MGB) said it clinched an RM185.99 million contract on Tuesday to develop serviced apartments in Iskandar Puteri, Johor.
The RM69.04 million project, known as Kampung Tersusun Generasi Kedua Felcra Seberang Perak, was awarded to Caely-M in 2013 and completed on Oct 3, 2022.
Net profit after excluding one-off items at the construction services firm will jump to RM86.9 million in 2025.
WISE is meant to reduce traffic at Menora Tunnel on the North-South Expressway.
The property developer said it had entered into agreements to acquire 95.02 acres in Sepang for RM206 million and 367 acres in Ujong Permatang, Kuala Selangor, for RM189 million.
Avillion, which has been loss-making for the past decade, said it has already begun implementing some of these initiatives and remains committed to navigating the challenging operating environment.
The 38-month contract will commence on Aug 18.
The overdue Section 3, which stretches from Banting to Klang, is now directly impacting the mobility of 10,000 prime movers and trailers.
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