News by Emir Zainul

MRL said the pre-qualification exercise is open to all experienced local engineering, infrastructure, and construction companies that are qualified.

CAC is required to develop new business model

Revenue fell 5.8% to RM41.72 million from RM44.29 million last year, despite lower property operating expenses and trust expense, its filing to Bursa Malaysia showed today.  

Lim said the RM51 billion debt includes the amount of interest borne and loans from the Ministry of Finance (MoF) of RM8.6 billion that were used to repay 1MDB's debts to date.

In a filing with Bursa Malaysia yesterday, Salcon said Envitech Sdn Bhd, a 60%-owned indirect subsidiary of the group, was awarded the sub-contract by Gamuda M&E Sdn Bhd.

This will help ensure fairer prices and not give sole discretion to developers.

Under the agreement, a 25% deposit of RM3 million is to be paid to TDM upon execution of the sale and purchase agreement while the 75% balance is to be paid to the company's solicitors as stakeholder upon completion of the land transfer to LTAW.

“The company will make the appropriate announcement to Bursa Malaysia in a timely manner in accordance with the Main Market Listing Requirements of the bourse, as and when necessary.”

MRL said the joint operation arrangement is purely the sharing of management, operation and maintenance (MOM) costs plus the exchange of technical know-how and expertise between the two companies.

MCT, whose subsidiary was embroiled in the scuffle that broke out at the Sri Maha Mariamman Temple late last year, said Goh quit due to "personal matters".