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KHAZANAH Nasional Bhd, the Employees Provident Fund (EPF) and New York-headquartered private equity (PE) firm Global Infrastructure Partners (GIP) are understood to be forming a consortium to own and run airport operator Malaysia Airports Holdings Bhd, say sources familiar with the arrangement.
KUALA LUMPUR (Feb 2): Pestech International Bhd’s executive director Lim Peir Shenq, son of the electrical power technology group’s executive chairman and major shareholder Lim Ah Hock, has resigned effective Friday.
In a bourse filing on Friday, Pestech said Peir Shenq resigned “to pur...
KUALA LUMPUR (Jan 29): Pestech International Bhd has secured an RM11 million contract from Tenaga Nasional Bhd (TNB) for the supply, erection, testing and commissioning of new primary and secondary equipment in Ayer Tawar, Perak.
The contract also entails relevant protection, control, a...
KUALA LUMPUR: Harga saham Malaysian Resources Corporation Bhd (MRCB) lebih tinggi hari ini, meningkat 8.62 peratus, sehingga susulan berita mengenai penyertaan pemaju hartanah itu dalam projek kereta api berkelajuan tinggi (HSR) Kuala Lumpur-Singapura.Pada 9.47 pagi tadi, MRCB naik lima sen kepada 63 ...
KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) share price was higher this morning, rising 8.62 per cent, following the news over the property developer’s participation in the Kuala Lumpur-Singapore high-speed rail (HSR) project.
CGS-CIMB Research has raised its target price (TP) for IJM Corp Bhd to RM2.88, from RM2.15, following higher forecasts of construction order book replenishments in the next three years, and property launches in 2024.
A lesson learnt from the aerotrain project is that the construction of public infrastructure involving deferred payments can be undertaken only by companies with deep pockets and a proven track record.
RHB Research said IJM Corp Bhd has secured RM2.9 billion worth of jobs year-to-date for the financial year ended March 31, 2024 (FY2024), compared with its job replenishment assumption of RM4 billion for the period, after its joint venture (JV) company secured a RM176 million job for the automated people mover (APM), or aerotrain, project at the Kuala Lumpur International Airport (KLIA).
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) has denied that the aerotrain replacement project will cost 30 per cent more, maintaining that the project cost increase will be capped at 15 per cent.RHB Research in its report today suggested that the ...
KUALA LUMPUR: RHB Research suggests that the combined job value of RM176 million and RM456 million awarded to the IJM Corp Bhd-Pestech joint venture and Alstom Transport Systems (Malaysia) could be 30 per cent higher than the remainder work that was ...
Bursa Malaysia opened lower on Thursday, taking the cue from a weaker overnight Wall Street performance, amid uncertainties surrounding the US interest rates path, and as US Treasury yields resumed their uphill climb, a dealer said.
The delayed replacement of the Aerotrain system at the Kuala Lumpur International Airport (KLIA) is back on track, although it comes at an increased cost of RM456.1mil.