To the purported 20,000 workers who, according to MMC Gamuda, would lose their jobs as a result of the underground contract termination, let me emphasize that the Malaysian government is not terminating the project. You will find plenty of opportunities when the new project is awarded at a lower cost, while the savings generated would mean even more projects for the future.

The group will be launching more products especially to attract Current Account, Savings Account accounts especially from the retail segment.

There is potential for Edgenta’s subsidiary Edgenta Propel Bhd to win the maintenance work contract for the Pan Borneo Highway Sabah project, despite the possibility of a change in the project delivery partner model.

The pending outcome of LRT3 cost rationalisation would affect WCT’s overall job scope value and profits, for example, cancelling and/or redesigning stations.

In order to educate the market, Nippon Paint Malaysia opened the Nippon Paint Forward Coatings Expo at its headquarters in Shah Alam sometime in mid-2018.

If the owner does not renew the lease and lets it expire, the land shall revert to and be vested in the state authority upon the expiry of the tenure.

Damansara Uptown was developed in the early 1980s by See Hoy Chan Sdn Bhd Group. Among the initial developments were Uptown 1, Uptown 2, Uptown 3 and Uptown 5 office buildings. Some notable tenants of the premises include multinationals, fast-moving consumer goods and pharmaceutical companies like Walt Disney, Mars Food, Sony, Aspen Medical Products and Lafarge Malaysia.

Matrix Concepts Holdings Bhd has entered into a joint venture (JV) agreement (30% stake) for the joint development of the Islamic financial district in PIK2, Jakarta.

The outlook for the construction sector remains challenging as the federal government is reviewing ongoing infrastructure projects to reduce costs by 20%-33%.

Financial year 2018 (FY18) core earnings growth was supported by higher construction work recognition and record property presales of MYR3.59 billion in FY18.