News by Tan Xue Ying

"The establishment of electrified double track from Gemas to Johor Bahru is the final stretch of West Coast KTM Bhd line to be double tracked and electrified. The entire project involves the construction of 197km of double tracks, stations, electric trains, depots, land viaduct, bridges, and electrification, signalling and communication systems."

This year’s financial results may not be good without new projects — executive director

The group remains hopeful for an improving business environment hereafter, and will actively tender in projects.

In a filing to Bursa Malaysia, Pesona Metro said the proposed development comprises two blocks of serviced apartments at 33 storey and 28 storey each, carpark, and residential facilities.

"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."

“The group believes that there will always be demand for property development products with unique value propositions, and [the group] remains optimistic that it will continue to deliver satisfactory results for the current year.”

The job encompasses dredging works for marina basing and entrance, construction of breakwater at the entrance of ferry terminal and design, fabricate, supply and installation of steel pontoon system and dolphin pile.

Economists slashed their forecast inflation for Malaysia’s quarterly CPI figure to an average 0.8% by the end of the third quarter and 1% by year end.

Besides the profit reduction of RM4.3 million arising from the SPA cancellations, the lower sales done in the quarter resulted in a loss before tax of RM19.9 million, the property developer said in an exchange filing today.

In an exchange filing today, Paramount attributed improvement in its earnings to the disposal of a 9.4-acre industrial land in Kota Damansara.