Gadang bags RM900m job
Gadang Holdings is likely to sign a contract valued at almost RM900m with Mass Rapid Transit Corp SB (MRT Corp) today. The contract for Package V2 covers viaduct and associated works from Kota Damansara Station to the Dataran Sunway Station. “It is more or less concluded… the job is Gadang’s. The relevant parties are expected to sign the agreement tomorrow,” said an executive familiar with the MRT project yesterday. (Financial Daily)
HSL wins RM291m campus contract
Hock Seng Lee (HSL) has secured a RM291m contract to build campus facilities for the proposed Universiti Teknologi Mara in Mukah, Sarawak, pushing the value of its projects in hand to a record of RM2.07bn. The company said in a statement that it had signed an agreement with the concessionaire KP Mukah Development SB to undertake the project. The contract is expected to contribute positively to HSL’s earnings and net assets for the financial years ending 2012 to 2015. (StarBiz)
Bank Negara maintain OPR at 3%
Bank Negara has maintained the overnight policy rate (OPR) at 3% after the monetary policy committee (MPC) meeting yesterday, a move widely expected by economists. The central bank said headline inflation was expected to remain moderate for the remainder of 2012. (StarBiz)
EPF admits 20% stake in Battersea
After weeks of skirting involvement in the acquisition of London’s iconic Battersea Power Station for GBP400m (RM1.97bn), the Employees Provident Fund (EPF) yesterday came out admitting its 20% stake participation, together with two other Malaysian companies in the consortium – Sime Darby and SP Setia. (Malaysian Reserve)
Eduspec sets up JV unit in Manila
Information & communications technology programs provider Eduspec Holding has set-up a joint-venture company (JVC) First Eduspec Inc in the Philippines to provide IT outsourcing and consulting services to schools and educational institutions in the country. “The JVC will commence operations immediately,” said the company in an exchange filing yesterday. The authorized and paid-up capital of the JVC are 20m pesos (RM1.52m) and five million pesos, respectively. (Malaysian Reserve)
Gunung Capital in joint bid for Saudi job
Gunung Capital has signed a memorandum of Understanding (MoU) with a Saudi Arabian company to jointly bid for a public bus project in Riyadh. The MoU entered into with Mohammad Abdulaziz Al-Habib & Sons Holding Co is to tender for the procurement, operation and maintenance service of Arriyadh Comprehensive Bus Transit System. The High Commission for Development of Arriyadh, represented by Arriyadh Development Authority, intends to develop a comprehensive public transport with 600km of bus lines. (BT)
MAS: Targets 20%-30% digital revenue growth. MAS aims to achieve 20% to 30% growth in digital revenue this year, driven by the introduction of the PayPal payment method for its ticket bookings. The national airline recorded 10% to 15% growth in digital revenue last year. MAS will roll out seven currencies in the near future to meet customers demand, including the US dollar, euro and yen. (Source: The Edge Financial Daily)
AirAsia: F&B segment aims to boost revenue contribution. AirAsia Bhd's food and beverage (F&B) segment plans to contribute 7% to the company's revenue next year. In a move to boost revenue contribution, the company is in talks to partner other food and beverage companies that want to have their products on board. The food and beverage segment contributed about 5% to AirAsia's revenue last year. (Source Business Times)
Oil & Gas: Coastal Energy Announces Signing of Small Field Risk Service Contract (RSC) With Petronas. Coastal Energy Company has entered into a Small Field RSC with Petronas for the development and production of petroleum from the Kapal, Banang and Meranti cluster of small fields offshore Peninsular Malaysia. In accordance with the Small Field RSC, Coastal is currently finalising an arrangement for a Malaysian company to participate in the Small Field RSC for 30-40% equity interest. A total of seventeen wells will be drilled with ten planned at Kapal, four at Banang and three at Meranti. (Source: Globe Newswire)
Outside Malaysia
No comments:
Post a Comment