News by Kamarul Azhar

MRT Corp said the detailed and comprehensive study on the proposed alignment is being done for the purpose of minimising the social impact of the project on the public, especially land acquisition.

The government will also not increase the 3.7 sen per kWh surcharge on farmers and animal breeders as well as lower voltage (LV) non-domestic.

Robert will remain with the group in the role of a non-independent, non-executive director to facilitate the change in leadership during the transition.

Property developer and hospitality group Tropicana Corp Bhd remained in the red in the third quarter ended Sept 30, 2022 (3QFY2022), recording a net loss of RM26.27 million despite its revenue surging 88.7% to RM321.64 million.

IOI Properties Group Bhd (IOIPG) recorded a stellar performance for the first quarter ended Sept 30, 2022 (1QFY2023), recording net profit of RM640.29 million, which was three times higher than 1QFY2022's.

Caretaker Transport Minister Datuk Seri Wee Ka Siong said he was very disappointed, felt sorry and apologised to the public for the inconvenience caused from the shutdown of the Kelana Jaya LRT Line for seven days.

This resulted in lower earnings per share of 7.58 sen for FY22 compared with 8.35 sen for FY21.

The state needs the link to rejuvenate the city’s economy.

Over the last couple of weeks, talks abound among the construction industry players that MRCB-GK would seek compensation from Prasarana for the remodelling of the PDP contract for the development of the LRT3.

Twenty-two companies made the list, of which only three are subsidiaries of listed companies on Bursa Malaysia. China Harbour Engineering Co Ltd (CHEC), a subsidiary of China Communications Construction Co Ltd, also won two contracts, partnering local companies.