News by Surin Murugiah

Malaysia Rail Link Sdn Bhd (MRL) and China Communications Construction Company Ltd (CCCC) said a total of 1,321 submissions from Construction Industry Development Board (CIDB) registered companies were received by ECRL's main contractor, CCCC, during the Pre-Q exercise on May 29-30 this year.

for the construction and completion of LRT 3 from Bandar Utama to Johan Setia, Package GS09 — Guideway, Stations, Park and Ride, Ancillary Buildings and Other Associated Works.

In a statement today, EPF deputy chief executive officer (Investment) Datuk Mohamad Nasir Ab Latif said given the current global and domestic economic and market environment, the results were commendable.

For the full financial year ended March 31, 2019 (FY19), its net profit grew 20.85% to RM418.92 million, from RM346.65 million a year ago, buoyed by its property and infrastructure divisions, despite revenue declining 5.2% year-on-year to RM5.66 billion, from RM5.97 billion.

"The property development segment is also expected to contribute positively to the group's earnings moving forward with the encouraging take-up rate in the group's property development project in Genting Permai."

“Any intervention is limited to ensuring an orderly market and avoiding excessive volatility of the exchange rate that may affect macroeconomic stability."

On its prospects, UOA said the total new property sales for the period ended March 31 was approximately RM171.23 million.

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said all sectors in the economy posted a positive growth except the mining and quarrying sector.

Seacera said the payment was in respect of total amount outstanding and due payable under the Murabahah Tawarruq Term Financing-i, Murabahah Tawarruq Cashline-i and Multi Trade Finance Facilities-i.

In a statement today to clarify on the improved ECRL project, MRL said the improved deal for the 640-km ECRL project is rakyat-centric and driven by transparency and accountability.