Browsing: Malaysia

Sunway hires banks for $200 mln construction IPO

Kualar Lumpur: Sunway Bhd has hired three more banks to arrange a stock market listing for its construction unit that could raise up to US$200mil, two people familiar with the matter said. HSBC, Maybank and Standard


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Mitrajaya bags RM402mil construction job

Mitrajaya Holdings Bhd has won a RM401.86mil construction job from Sunrise Pioneer Sdn Bhd, a member of UEM Sunrise Group. In a filing to Bursa Malaysia on Wednesday, the group said the award, bagged by its


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MRT tunnels below Bukit Bintang completed

KUALA LUMPUR: The construction of the twin MRT tunnels beneath Jalan Bukit Bintang has been completed with the breakthrough made by two tunnel boring machines (TBM) at the Pudu Shaft recently. Mass Rapid Transit Corporation Sdn


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Ireka bags RM276.8mil job from KL Eco City

Ireka Corporation Bhd’s unit has bagged a RM276.79mil contract by KL Eco City Sdn Bhd for the construction of the main building works for the Retail Podium, Office Block A and the remaining works for the


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Malaysia’s Sunway to list construction unit by Q2 2015

Malaysian property developer Sunway Bhd is looking to list its construction arm on the Malaysian bourse by the second quarter of 2015, according to a stock exchange filing on Friday. The spin off and proposed listing


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CIDB forecasts double digit growth for Malaysian construction sector

KUALA LUMPUR: The Construction Industry Development Board (CIDB) Malaysia expects the construction sector to record double-digit growth again this year, driven by the ongoing mega government projects under the Economic Transformation Programme. Its chairman, Tan Sri


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Malaysia’s DanaInfra raises US$31mil with third retail sukuk

KUALA LUMPUR: DanaInfra Nasional Bhd, a company created by Malaysia’s finance ministry to raise funds for the country’s most extensive infrastructure project, said on Tuesday it has raised 100 million ringgit ($31.68 million) with Islamic bonds.


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Bina Darulaman Q2 earnings up 57% to US$1.835m

Bina Darulaman Bhd’s earnings jumped 57% to RM5.84mil in the second quarter ended June 30, 2014 from RM3.71mil a year ago due to higher contributions from its property and construction units. It said on Friday its


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Malaysian Construction sector records over US$7,bn in value in Q2

Selangor records highest value of construction work completed. Construction work done in the second quarter of 2014 saw a 10.8% year-on-year growth to RM25.17bil with 9,875 projects — contributed mainly by non-residential buildings and the civil


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Gov’t Body likely To Develop Areas Covered By KL-S’pore High Speed Rail

The Malaysian Government is looking to potentially set up a separate entity to oversee the development of specific areas located along the proposed high-speed rail (HSR) project between Kuala Lumpur and Singapore. The project which is


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