KUALA LUMPUR (June 3): Rapid Rail Sdn Bhd (Rapid Rail) has achieved a significant milestone by recording over one million passengers a day on May 29, the highest ever since its establishment. In a statement on Friday (May 31), Rapid Rail reported that the Kelana Jaya Line recorded ridership of 287,102, Ampang/Sri Petaling Line (224,184), Monorail Line…
Read MoreKUALA LUMPUR (June 4): The Sessions Court has scheduled a 15-day trial from Sept 10 for a company director charged with offering an annual bribe of RM500,000 over 15 years to benefit Tan Sri Annuar Musa in relation to the Kuala Lumpur Tower (KL Tower) concession acquisition. Judge Suzana Hussin confirmed the dates after deputy public…
Read MoreKUALA LUMPUR (May 31): The construction industry needs to adopt digital technology such as artificial intelligence (AI), to reduce reliance on low-skilled foreign workers. Deputy Prime Minister Datuk Seri Fadillah Yusof stated that this would not only empower local contractors but also help bridge the productivity gap, ensuring they remained competitive on the international stage….
Read MoreKUALA LUMPUR (May 31): I-Bhd’s (KL:IBHD) first quarter net profit rose sixfold to RM4.07 million from RM675,000 a year earlier, which the group attributed to its “strong financial management and strategic foresight”. This is despite revenue for the quarter ended March 31, 2024 (1QFY2024) slipping 8.6% to RM40.63 million from RM44.46 million previously, said the…
Read MoreKUALA LUMPUR (June 1): Jakel Group is partnering with PiDC Holding Bhd to build a 51MW data centre in Cyberjaya worth RM1.2 billion. In a statement on Saturday, Jakel said it is taking up a 40% stake in the project, Pi Data Centre Sdn Bhd, while the remaining 60% is held by PiDC. The data…
Read MoreKUALA LUMPUR (May 31): Bina Puri Holdings Bhd (KL:BPURI) registered a net profit of RM13.84 million for the third quarter ended March 31, 2024 (3QFY2024) compared to a net loss of RM20.74 million a year earlier, due to gains arising from scheme of arrangements between the group’s unit and creditors. Operationally, the group still incurred…
Read MoreKUALA LUMPUR (May 31): Ekovest Bhd (KL:EKOVEST) reported on Friday a smaller loss in its latest quarterly results compared with a year earlier despite still grappling with high finance costs. The net loss for the group’s third quarter ended March 31, 2024 (3QFY2024) narrowed to RM11.11 million or 0.37 sen a share from RM15.86 million…
Read MoreYap (centre) receiving the Award from FIABCI president Budiarsa Sastrawinata (right) and witnessed by the Award committee president Soelaeman Soemawinata. SINGAPORE: Sri Pengkalan Binaan Sdn Bhd’s (SPB Property) Taman Nuri Sentosa project has been awarded the World Silver Winner in the Affordable Housing category at the esteemed FIABCI World Prix d’Excellence Awards 2024. Held in…
Read MoreKUALA LUMPUR (May 31): Hong Leong Investment Bank (HLIB) Research has maintained its ‘buy’ rating for OSK Holdings Bhd (KL:OSK) at RM1.66, with a higher target price of RM2.21 (from RM2.16), and said OSK’s first-quarter core profit after tax and minority interest of RM122.8 million (+26.7% quarter-on-quarter; +6.4% year-on-year) was within house expectations, making up…
Read MoreKUALA LUMPUR (May 31): Shares in Malaysian Resources Corp Bhd (KL:MRCB) fell on Friday, and nearly wiped out their gains this month, as the latest weaker-than-expected quarterly results prompted caution among investors and analysts. MRCB declined as much as 5% or 3.5 sen to 66 sen, its lowest since May 3. At that price, the…
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