Genting Singapore in talks to buy building
Casino operator Genting Singapore said that its subsidiary Resorts World Properties is in negotiations with Singapore Technologies to buy an office block. The Singapore Business Times reported that Resorts World is expected to pay about SGD1,500 per square foot on the current net lettable area of 98,906 square feet, or about SGD150m. (BT)
Rimbunan Sawit to acquire another 15% stake in PJP Pelita Biawak
Rimbunan Sawit plans to acquire another 15% stake in PJP Pelita Biawak Plantation SB from Lembaga Amanah Kebajikan Masjid Negeri Sarawak (LAKMNS) for RM12.7m. Rimbunan Sawit said upon completion of the acquisition, its shareholding would increase to 85% from 70%. The acquisition, expected to be completed by 30 June 2011. (MalaysianReserve)
Puncak Niaga fails to get Indian jobs
Water infrastructure specialist Puncak Niaga Holdings was not successful in the tenders for several jobs called by the Tamil Nadu Water Supply and Drainage Board. These jobs were joint bids with partner P&C Constructions (P) Ltd. (Starbiz)
Bina Puri wins Thai project
Bina Puri Holdings’ associate, Bina Puri (Thailand) Ltd (BPTL), has secured a 626m baht (about RM62.76m) project to undertake structural and architectural works for phase one of Phahonyothin Park condominium in Bangkok. (Starbiz)
Vale project may cost up to RM14bn
Brazilian mining giant Vale International SA's construction costs in its iron-ore transshipment project will be between RM9bn and RM14bn over a five-year period, and the project will likely start in July or August this year, said Perak Mentri Besar Datuk Seri Dr Zambry Abdul Kadir. Vale has received the necessary planning and statutory approvals. It is now in the midst of drawing up the engineering plan. While the Perak government has no equity participation in the project, it will participate in the port and logistics operations. There will also be cosharing with local companies on the downstream activities. The multiplier effect of the downstream activities is expected to triple Vale's initial investment. “Vale has agreed to bring more economic growth along that area. Local companies will be subcontracted to participate in the trickle-down activities. They will include Malaysian companies involved in iron ore, steel, fabrication, shipbuilding, canning and tin,” Zambry said. Under the project, Vale will develop an iron-ore complex, including its own jetty in Teluk Rubiah, Lumut. Zambry said this would serve as an impetus for the development of iron ore and steel-related industries. He said the shipbuilding activities would take place along the beachfront from Lumut to Bagan Datok. “Some of the local shipbuilders may build the smaller ships to transship the iron ore in the latter phase,” Zambry said. (Starbiz)
No comments:
Post a Comment