Browsing: malaysia

Reclamation firm Linked to Malaysia project

JBB Builders, a Malaysian engineering contractor, is expected to start trading on May 10, aiming to raise up to HK$172.5 million. The company, with an estimated market share of 33 percent in the marine construction industry


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Malaysia revives another Chinese project

KUALA LUMPUR: The Malaysian government plans to resurrect a multi-billion-dollar property project in Kuala Lumpur involving a Chinese state company, calling it a contribution to China’s Belt and Road infrastructure initiative. Prime Minister Mahathir Mohamad said


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Malaysia says revised China deal shows costs were inflated

KUALA LUMPUR: Malaysia’s prime minister said Monday a Chinese company building a rail link across the Southeast Asian nation will jointly help to manage and operate the network, part of revised deal that will get the


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Japan to provide Malaysia Y200 bil loan for debt relief & infrastructure

TOKYO-The leaders of Malaysia and Japan agreed Tuesday that Japan will issue yen-denominated bonds of up to 200 billion yen ($1.8 billion) to help the Southeast Asian country battle its large government debt. Japanese Prime Minister


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MRCB-GKent accepts LRT3 contract award for revised sum

KUALA LUMPUR: MRCB-George Kent Sdn Bhd has received the letter of appointment for the construction of the Light Rail Transit Line 3 from Bandar Utama to Johan Setia following the revision of its price tag. According


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Malaysia confirms scrapping of three Chinese projects

Malaysia has finally scrapped three China-backed pipeline projects after halting work on them following the shock elections in May that saw an opposition alliance assuming power for the first time in the country. A Malaysian Ministry


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Jurong Lake District plans to push through despite derailed HSR project

Three plans for the area include a commercial precinct, a science centre, and a transport hub. Singapore’s plans for the development of Jurong Lake District (JLD) are set to proceed despite Malaysia’s decision to drop the


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Malaysia to cut cost of Klang light rail system by almost $4bn

The 37km Light Rail Transit 3 line (LRT3), which would connect Bandar Utama on the outskirts of the capital to Klang, had risen in cost to $7.8bn from an original budget of $2.2bn, but its budget


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Offers received to halve cost of Malaysia-Singapore HSR

The Malaysian government has received offers to halve the cost of the high-speed rail (HSR) project. This is following Prime Minister Tun Dr Mahathir Mohamad’s announcement that construction works for the 350km line would be postponed


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Malaysia suspends $20b Chinese Belt and Road rail project

Kuala Lumpur, Malaysia: A Chinese company building a key rail link in Malaysia said on Wednesday that it has been told to suspend work pending negotiations, and urged the new Malaysian government elected two months ago


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