News by Jose Barrock

The group will remain O&M contractor for SSP3 water treatment plant but on new terms — sources

There were ‘persistent changes’ in alignment beyond the freeze date of April 2016 — documents

"If foreign parties can give us 3% then why not, it’s good for all of us."

However, 1MDB’s Arul Kanda says he has yet to receive the ‘official notification’

Coming on the heels of Four Seasons Kyoto launch, the group is in talks to develop land in Okinawa.

​AT a cost of RM91.67 million per kilometre, the RM55 billion East Coast Rail Line (ECRL) could be one of the most expensive interstate rail and cargo lines to be built in the world, according to industry players.

The latest changes in shareholding have raised questions as to whether the new stakeholder will help to expedite the company’s power-generation project in Vietnam.

Construction outfit Bina Puri Holdings Bhd is understood to be looking to raise its shareholding in Ideal Heights Properties Sdn Bhd from the existing 12%, a source familiar with the matter tells The Edge.

1Malaysia Development Bhd’s (1MDB) wholly-owned subsidiary TRX City Sdn Bhd is starting infrastructure works on Tun Razak Exchange, which is located on a prime tract between Jalan Bukit Bintang and Jalan Tun Razak that was sold to the strategic investment fund for RM230 million or RM75 psf in 2010, say sources in the construction industry.

Malaysian Industry-Government Group for High Technology (MIGHT), which is a unit of the Prime Minister’s Department, is in the midst of preparing a White Paper on how local rail companies can benefit from the large number of rail-related jobs being dished out and participate in the projects.