Latest

Gamuda, WCT remain outperformers

KUALA LUMPUR: Gamuda Bhd and WCT Bhd remain top picks of the construction sector despite news of negative development on their joint-venture company in Qatar, a research house said.

11 March, 2010
RHB Research maintains Underperform on Gamuda

KUALA LUMPUR: RHB Research Institute is maintaining its Underperform on Gamuda Bhd as its rich valuations have more than priced in the infrastructure company’s earnings buffer from its RM7.5 billion outstanding construction orderbook.

11 March, 2010
CapitaMalls Asia eyes Malaysia for expansion

KUALA LUMPUR: Singapore’s CapitaMalls Asia Ltd, the shopping mall development arm of CapitaLand Ltd, is looking at Malaysia as a key growth area for its retail properties business.

Its Malaysia general manager Yong Kei Seng said with its recent listing in Singapore, the company was on the lookout for areas for future investments and developments.

11 March, 2010
Terengganu to reward sprinter Anuar Manan with land, RM10,000

MARANG (Terengganu): Le Tour de Langkawi (LtdL) 2010 Sprint King Anuar Manan will be rewarded with a piece of land and RM10,000 by the Terengganu government for winning two jerseys in the competition.

Menteri Besar Datuk Ahmad Said said the rewards were approved at the state executive council meeting here on Wednesday March 10.

10 March, 2010
Failure in meeting specifications led to stadium roof collapse

KUALA TERENGGANU: The failure by all parties appointed to build the Sultan Mizan Zainal Abidin Stadium (SSMZA) to adhere to specifications stated in the building contract has been cited as the reason for the collapse of its roof on June 2, last year.

10 March, 2010
Residents evacuated from government quarters in Puitrajaya due to cracks in apartments

PUTRAJAYA: Over 500 residents of 76 apartment units used as government quarters in Precinct 11 in Putrajaya were evacuated to enable maintenance works to fix cracks and leakages at their premises.

Deputy Minister in the Prime Minister's Department Datuk T. Murugiah said the maintenance works by the Public Works Department involved a cost of RM200,000.

10 March, 2010
Selection of developer for Kg Kerinchi redevelopment moved to March 27

KUALA LUMPUR: The briefing on the redevelopment of the Kampung Kerinchi flats in Kuala Lumpur and the selection of the developer have been postponed from Friday March 12 to March 27, Federal Territories and Urban Well-Being Minister Raja Datuk Nong Chik Raja Zainal Abidin said Wednesday March 10.

10 March, 2010
Tailor claims loss of RM100,000 in land transaction scam

KUALA LUMPUR: A tailor on March 10 claimed she suffered losses of RM100,000 after allegedly being cheated by a man who she believed was able to help her in a land acquisition transaction with the Ampang Jaya Municipal Council, three years ago.

Lim Boey, 57, said she was introduced to the suspect, who is in his 40s, by a friend who had sought the man's help for a similar transaction.

10 March, 2010