News by Surin Murugiah

MBSB said it plans to negotiate with the existing shareholders of AFB, namely Qatar Islamic Bank, RUSB Investment Bank Inc, Tadhamon International Islamic Bank and Financial Assets Bahrain WLL.

O&C Resources Bhd shares jumped 3.75% this morning after its 34.3%-owned indirect subsidiary, AES Builders Sdn Bhd, was appointed by Perbadanan PR1MA Malaysia (PR1MA) to carry out the design, planning, procurement, construction and completion of a project in Bukit Jalil.

The property developer said the surge in revenue was due to higher contribution by the group's property and road and quarry divisions...

Pua said Liow appeared to be desperately making up responses to questions as they arise, as his answers raised far too many more questions on the RM55 billion project.

In a statement today Pua, who is DAP national publicity secretary and MP for Petaling Jaya Utara said a cursory analysis has shown the project to be the most expensive in the world at RM91.7 million per kilometer.

MRT Corp said the tender for V204 work package, which is in the open category, commenced on June 2 and closed on Aug 16.

In a statement yesterday, Ekovest managing director Datuk Seri Lim Keng Cheng said with the latest contract, the group's total outstanding construction order book stands at RM5.7 billion.

The DAP’s Tony Pua questioned as to why the Malaysian government was awarding the 600km East Coast Rail Link (ECRL) project to China Communications Construction Company (CCCC) at RM55 billion or RM91.7 million per kilometer without any open competitive tender exercise.

Gadang construction division managing director Khew Check Kiet said the projects the group is currently tendering for include several packages for MRT2, namely package V204, for the portion near Desa Waterpark and V207 at Universiti Putra Malaysia, Serdang.

Central Plaza I-City Real Estate is the owner of the proposed shopping complex.