Wed, 24 Jul 2019, 4:50 AM
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Topic: LRT3

The Edge Markets:
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THE termination of IJM Corp Bhd’s underground work contract for the light rail transit line 3 (LRT3) project last Tuesday came as a shock to many in the construction industry.
The Edge Markets:
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KUALA LUMPUR (July 12): RHB Research Institute Sdn Bhd has upgraded IJM Corp Bhd to “Buy” at RM2.35 with a higher target price of RM2.78 (from RM1.91) and said this comes on improved visibility in...
The Star:
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KUALA LUMPUR: RHB Research has upgraded IJM Corp to Buy from Neutral with new sum-of-parts based target price of RM2.78 from RM1.91, 18% upside plus 3% yield.
The Edge Markets:
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KUALA LUMPUR (July 11): Mudajaya Group Bhd has proposed to raise up to RM16.6 million via a private placement to repay part of its bank borrowings and to fund its working capital.
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KUALA LUMPUR (July 11): Finance Minister Lim Guan Eng says today he is "not familiar" with the termination of IJM Corp Bhd as the works package contractor for the underground package of the light rail...
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KUALA LUMPUR (July 11): Finance Minister Lim Guan Eng says today he is "not familiar" with the termination of IJM Corp Bhd as the works package contractor for the underground package of the light rail...
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KUALA LUMPUR (July 10): Shares of IJM Corp Bhd fell as much as 13.2% earlier this morning after it announced yesterday that it has been terminated as the contractor for the underground package of the ...
The Star:
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KUALA LUMPUR: JF Apex Research expects UWC Bhd, Aeon Credit Service (M) Bhd, IJM Corp Bhd, Barakah Offshore Petroleum Bhd and Asdion Bhd to be among the stocks to watch on Wednesday.
The Edge Markets:
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KUALA LUMPUR: IJM Corp Bhd said yesterday it will seek “appropriate legal redress” after being terminated as the works package contractor (WPC) for the underground package of the light rail transi...
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KUALA LUMPUR (July 9): Based on corporate announcements and news flow today, companies that may be in focus on Wednesday (July 10) may include: Aeon Credit Service (M) Bhd, IJM Corp Bhd, YTL Power Int...
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KUALA LUMPUR (July 9): IJM Corp Bhd says it will seek "appropriate legal redress" after being terminated as the contractor for the underground package of the Light Rail Transit Line 3 (LRT3) project.
The Edge Markets:
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KUALA LUMPUR (July 9): IJM Corp Bhd says it will seek "appropriate legal redress" after being terminated as the contractor for the underground package of the Light Rail Transit Line 3 (LRT3) project.
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BEIJING (July 8): The government has reiterated its commitment to fighting corruption as part of its efforts to rebuild the nation.
Malay Mail:
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BEIJING, July 8 — The government has reiterated its commitment to fighting corruption as part of its efforts to rebuild the nation.
Free Malaysia Today:
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PETALING JAYA: Former premier Najib Razak has highlighted views by experts that the Finance Ministry’s decision to buy four toll highways for RM6.2 billion amounted to a RM2.82 billion windfall for ...
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KUALA LUMPUR (June 28): With its expertise in bore piling and foundation works as well as bridge construction, Ikhmas Jaya Group Bhd is confident that it can secure a portion of contracts to be awarde...
The Edge Markets:
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KUALA LUMPUR (June 28): The government is able to achieve a balanced budget in the next four years based on steps it is taking to reduce costs, observed the Institute for Democracy and Economic Affair...
The Edge Markets:
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KUALA LUMPUR (June 28): With its expertise in bore piling and foundation works as well as bridge construction, Ikhmas Jaya Group Bhd is confident that it can secure a portion of contracts to be awarde...
The Star:
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KUALA LUMPUR: George Kent (M) Bhd’s (GKent) shares fell 2.7% in early trade on Wednesday after its earnings fell 37% in the first quarter ended April 30.
The Edge Markets:
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KUALA LUMPUR (June 25): George Kent (Malaysia) Bhd’s first quarter net profit fell 37% to RM13.51 million or 2.5 sen a share, from RM21.54 million or 3.8 sen a share a year earlier, due to lower pro...
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KUALA LUMPUR (June 18): Construction firm Kimlun Corp Bhd expects a 2% profit margin compression in anticipation of a RM90 or 45% hike in bulk cement prices.
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KUALA LUMPUR: Gadang Holdings Bhd is set to see some light at the end of the tunnel a year after Malaysians voted for a change in government, with the revival of some large infrastructure projects lik...
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KUALA LUMPUR: Gadang Holdings Bhd is set to see some light at the end of the tunnel a year after Malaysians voted for a change in government, with the revival of some large infrastructure projects lik...
The Star:
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KUALA LUMPUR: AmInvestment Research may upgrade its neutral stance for the property sector to overweight if banks are to ease lending policies on properties or consumer sentiment is to improve significantly.
The Star:
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PETALING JAYA: Efforts to carry out more efficient management of overpriced projects were why the Federal Government has been successful in reducing the nation’s overall debt and liabilities, says Lim Guan Eng.
Free Malaysia Today:
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PETALING JAYA: Former finance minister Najib Razak today accused his successor, Lim Guan Eng, of lying over the country’s actual debt situation.
The Star:
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PETALING JAYA: Cost rationalisation of overpriced projects was why the government had been successful in reducing the nation's overall debt and liabilities to 75.4% last year, says Lim Guan Eng.
Malaysiakini:
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COMMENT | Ramadan is a period of cleansing and renewal for all Malaysians.
Malay Mail:
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KUALA LUMPUR, June 2 — The federal government’s rationalisation of “overpriced” projects and private partnership payments (PPP) has lowered the country’s debt level to 75.4 per cent as a rat...
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KUALA LUMPUR (May 30): Malaysian Resources Corporation Bhd (MRCB) recorded a revenue of RM234.1 million and a pre-tax profit of RM8.4 million in the first quarter ended March 31, 2019 (Q1 2019).
The Star:
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PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) has posted a net profit of RM4.13mil in the first quarter ended March 31, (1Q19) from RM21.52mil in the same period last year, but expects the pace of recognition from the third light rail transit (LRT3) project joint venture (JV) to pick up.
The Edge Markets:
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KUALA LUMPUR (May 30): Malaysian Resources Corp Bhd's (MRCB) net profit for the first quarter ended March 31, 2019 (1QFY19) was down 81% to RM4.14 million, from RM21.53 million a year ago.
The Star:
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KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) posted pre-tax profit of RM8.4mil in the first quarter ended March 31, 2019 but expects the pace of recognition from the third light rail transit (LRT3) project joint venture to pick up.
The Star:
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Gabungan AQRS Bhd is targeting RM1.5bil worth of new jobs for the financial year ending Dec 31, 2019.
The Edge Markets:
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THIS week’s overnight policy rate (OPR) cut of 25 basis points by Bank Negara Malaysia met the expectations of most economists as concerns over stalling growth rise.
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KUALA LUMPUR (May 6): Piling and foundation specialist Econpile Holdings Bhd is back on firmer ground now that Putrajaya has agreed to resume several key infrastructure projects.
Malaysiakini:
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International Trade and Industry Deputy Minister Ong Kian Ming has joined his colleague Tony Pua in slamming an interview carried by Bloomberg on April 11, which features a Singapore-based banker spea...
The Star:
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PETALING JAYA: The Malaysian economy will bounce back in the second half after registering what is expected to be the slowest quarterly expansion since the second quarter of 2016 during the first three months of the year.
Malaysiakini:
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The abandoned Putrajaya-Kajang link may be revived with an LRT line, according to a report in The Star Online.
Malaysiakini:
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YOURSAY | ‘Prove that the ECRL is more than an expensive white elephant.’ Deal inked - ECRL back on track, cost slashed by RM21.5b Shovelnose: Yes, RM21.5 billion from the original RM65.5 billion...
Malaysiakini:
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The Pakatan Harapan government, which is nearing its one-year anniversary, has axed some projects awarded by the previous government and is in the midst of reviewing and renegotiating several other pr...
Malay Mail:
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KUALA LUMPUR, April 9 — Finance Minister Lim Guan Eng today said the savings the Pakatan Harapan government made from cutting costs on mega projects have gone into helping government institutions wh...
Free Malaysia Today:
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KUALA LUMPUR HIGH COURT CIVIL SUIT NO: WA-23CY-43-09/2018 MRCB GEORGE KENT SDN BHD … PLAINTIFF                       v. 1.
EdgeProp.my:
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KUALA LUMPUR (April 1): A total of 121 infrastructure projects valued at RM13.93 billion nationwide offered through direct negotiations and limited tenders by the Barisan Nasional Government will cont...
theSun:
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PETALING JAYA: A total of 121 infrastructure projects nationwide offered through direct negotiations and limited tender by the previous Barisan Nasional government at over RM13.9 billion will go on fo...
The Edge Markets:
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KUALA LUMPUR (March 31): A total of 121 infrastructure projects valued at RM13.93 billion nationwide offered through direct negotiations and limited tenders by the Barisan Nasional Government will con...
Malaysiakini:
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Finance Minister Lim Guan Eng said today that 121 BN-era projects will proceed after renegotiations resulted in cost savings of RM805.99 million.
Free Malaysia Today:
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PETALING JAYA: The finance ministry today said it had saved RM806 million by renegotiating 121 infrastructural projects initiated under the Barisan Nasional administration.
The Star:
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KUALA LUMPUR: There will be no compromises to passenger comfort and safety even with RM23.84bil shaved off the LRT3 and MRT2 rail projects, says Finance Minister Lim Guan Eng.
The Edge Markets:
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KUALA LUMPUR (March 25): George Kent (Malaysia) Bhd’s fourth quarter net profit fell 64.81% to RM18.25 million, from RM51.85 million a year earlier, due to lower contribution from its engineering se...
kopiandproperty.com:
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IKEA Penang has opened and it’s very popular, attracting over 20,000 customers on its first day.
EdgeProp.my:
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KUALA LUMPUR (March 21): Sunway Construction Group Bhd announced yesterday that it has, via its subsidiaries, bagged two piling works contracts worth a combined value of RM86.43 million, bringing its ...
The Edge Markets:
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KUALA LUMPUR (March 20): Sunway Construction Group Bhd (SunCon) announced today that it has, via its subsidiaries, bagged two piling works contracts worth a combined value of RM86.43 million, bringing...
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KUALA LUMPUR (March 18): Practice Note 17 (PN17) company YFG Bhd has secured a RM33.86 million subcontract to provide electrical works for the Light Rail Transit Line 3 (LRT3) project.
EdgeProp.my:
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KUALA LUMPUR (March 18): While sentiment on the construction sector is seen to have somewhat recovered, construction stocks are seen to be running ahead of its fundamentals, according to MIDF Amanah I...
The Edge Markets:
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KUALA LUMPUR (March 18): While sentiment on the construction sector is seen to have somewhat recovered, construction stocks are seen to be running ahead of its fundamentals, according to MIDF Amanah I...
The Star:
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KUALA LUMPUR: JF Apex Research expects Vertice Bhd, N2N Connect Bhd, Rex Industry Bhd and RHB Bank Bhd to be among the stocks to watch on Thursday.
The Edge Markets:
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KUALA LUMPUR (March 6): Based on corporate announcements and news flow today, stocks in focus on Thursday (March 7) may include: Vertice Bhd, GPA Holdings Bhd, N2N Connect Bhd, RHB Bank Bhd and Rex In...
The Edge Markets:
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KUALA LUMPUR (March 6): Vertice Bhd has secured a RM100 million subcontract to supply labour and equipment for the precast viaduct (u-trough girder) of the Light Rail Transit Line 3 (LRT3). The group'...
theSun:
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KUALA LUMPUR: As the name suggests, the congestion tax proposed by the government can benefit Malaysians by reducing overcrowding on roads, while improving the quality of life for millions of city dwe...
EdgeProp.my:
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KUALA LUMPUR (Feb 27): Malaysian Resources Corp Bhd (MRCB), whose largest shareholder is the Employees Provident Fund, closed out 2018 on a low note on absence of one-off disposal gains recognised in ...
The Edge Markets:
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KUALA LUMPUR (Feb 26): Malaysian Resources Corp Bhd, whose largest shareholder is the Employees Provident Fund, closed out 2018 on a low note on absence of one-off disposal gains recognised in 2017, a...
The Straits Times:
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PETALING JAYA (THE STAR/ASIA NEWS NETWORK) - The government has decided to abolish toll charges gradually and in phases, in line with Pakatan Harapan's (PH) general election pledge to the people.
The Edge Markets:
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KUALA LUMPUR (Feb 22): Work package contractors (WPCs) of the Light Rail Transit 3 (LRT3), who had earlier complained about not being paid by Prasarana Malaysia Bhd, can now expect to receive the RM25...
Malay Mail:
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KUALA LUMPUR, Feb 22 — WCT Holdings Bhd’s wholly-owned subisidary, WCT Bhd (WCTB) today executed three separate Novation Agreements with Prasarana Malaysia Bhd and MRCB George Kent Sdn Bhd under t...
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KUALA LUMPUR (Feb 22): WCT Holdings Bhd announced that its wholly-owned subsidiary WCT Bhd had today executed three novation agreements with Prasarana Malaysia Bhd and MRCB George Kent Sdn Bhd with re...
theSun:
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KUALA LUMPUR: The novation agreement for the Light Rail Transit 3 (LRT) signed today, that will see the cost of construction reduced by RM15.02 billion, will ensure cheaper fares for consumers once th...
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KUALA LUMPUR (Feb 22): Work package contractors (WPCs) of the Light Rail Transit 3 (LRT3), who have earlier complained about not being paid by Prasarana Malaysia Bhd, can now expect to receive the RM2...
Malay Mail:
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PETALING JAYA, Feb 22 — The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to hit 1,760 points this year due to a reversal in the foreign funds outflow on the back of positive external deve...
Malay Mail:
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KUALA LUMPUR, Feb 22 — The revived Light Rail Transit 3 (LRT3) will be completed by February 2024.
Malay Mail:
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KUALA LUMPUR, Feb 22 ― Finance Minister Lim Guan Eng said today that while Putrajaya has managed to chip away at the federal government’s debt and liabilities, the amount still hovers around RM1 t...
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KUALA LUMPUR (Feb 22): Work package contractors (WPCs) of the Light Rail Transit 3 (LRT3), who have earlier complained about not being paid by Prasarana Malaysia Bhd, can now expect to receive the RM2...
Free Malaysia Today:
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KUALA LUMPUR: Despite doubts over the proposed East Coast Rail Link (ECRL) and the Kuala Lumpur–Singapore High-Speed Rail (HSR) projects, analysts are upbeat that the continuation of other projects ...
theSun:
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KUALA LUMPUR: Despite “some changes” being seen in the local railway industry involving the East Coast Rail Line (ECRL) and the Kuala Lumpur–Singapore High-Speed Rail (HSR) projects, analysts re...
Malay Mail:
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KUALA LUMPUR, Feb 17 ― Despite “some changes” being seen in the local railway industry involving the East Coast Rail Line (ECRL) and the Kuala Lumpur-Singapore High-Speed Rail (HSR) projects, an...
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KUALA LUMPUR (Feb 14): Malaysian Resources Corp Bhd (MRCB) said the works for Light Rail Transit 3 (LRT3) will resume in the second half of 2019 (2H2019), after progress had been stalled for about a y...
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KUALA LUMPUR (Feb 14): Malaysian Resources Corp Bhd (MRCB) said the works for Light Rail Transit 3 (LRT3) will resume in the second half of 2019 (2H2019), after progress had been stalled for about a y...
The Star:
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PETALING JAYA: Works on the light rail transit 3 (LRT3) project are expected to resume in the second half of this year, according to Malaysian Resources Corp Bhd (MRCB).
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GABUNGAN AQRS Bhd is making a comeback.
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KUALA LUMPUR (Jan 28): George Kent (Malaysia) Bhd has clarified that its non-executive director Datuk Dr Keizrul Abdullah’s remark on the award of the LRT3 project was made in his private capacity.
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KUALA LUMPUR (Jan 28): George Kent (Malaysia) Bhd has clarified that its non-executive director Datuk Dr Keizrul Abdullah’s remark on the award of the LRT3 project was made in his private capacity.
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KUALA LUMPUR (Jan 28): Hong Leong Investment Bank Research (HLIB Research) has maintained its "neutral" call on the construction sector following the changes in the federal government and scrapping of...
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KUALA LUMPUR (Jan 28): George Kent (Malaysia) Bhd is optimistic the Pakatan Harapan government will appreciate the company’s expertise as a rail system specialist, although it has been long perceive...
The Star:
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KUALA LUMPUR: Shares in George Kent Bhd (GKent) rose 4.4% in early trade Monday after MRCB George Kent Sdn Bhd signed an agreement contract the Light Rail Transit Three (LRT3) project.
The Star:
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A slew of contracts is given out, but is it enough to spur the sector?
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KUALA LUMPUR (Jan 25): MRCB George Kent Sdn Bhd had today entered into a fixed-price contract with Prasarana Malaysia Bhd for the proposed Light Rail Transit Line 3 (LRT3) project in the Klang Valley.
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KUALA LUMPUR (Jan 25): MRCB George Kent Sdn Bhd had today entered into a fixed-price contract with Prasarana Malaysia Bhd for the proposed Light Rail Transit Line 3 (LRT3) project in the Klang Valley ...
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MRCB George Kent Sdn Bhd enters into LRT3 fixed-price contract with Prasarana
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THE funding conundrum for the light rail transit line 3 or Bandar Utama-Johan Setia line has taken another twist as a number of contractors contend that they have yet to receive payment from Prasarana...
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PETALING JAYA (Jan 18): Outstanding payments to the LRT3 (light rail transit 3) contractors, accumulated since February last year, will be settled by the end of this month, said the project’s main c...
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KUALA LUMPUR (Jan 18): MRCB George Kent Sdn Bhd, the turnkey contractor for the Light Rail Transit Line 3 Bandar Utama-Johan Setia (LRT3), will not be seeking any compensations from either Prasarana M...
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PETALING JAYA (Jan 18): Outstanding payments to the LRT3 (light rail transit 3) contractors, accumulated since February last year, will be settled by the end of this month, said the project’s main c...
The Edge Markets:
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KUALA LUMPUR (Jan 18): MRCB George Kent Sdn Bhd, the turnkey contractor for the Light Rail Transit Line 3 Bandar Utama-Johan Setia (LRT3), will not be seeking any compensations from either Prasarana M...
The Star:
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PETALING JAYA: The new contract for the light rail transit 3 (LRT3) project is expected to be sealed before Chinese New Year.
kopiandproperty.com:
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Connectivity enhances productivity and economic activity.
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PETALING JAYA (Jan 12): Prasarana Malaysia Bhd has not yet paid contractors of the light rail transit 3 (LRT 3) for work done up to Sept 30 last year worth RM800 million, sources told The Edge . Thes...
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IT has been a disappointing year for stocks on Bursa Malaysia, with more decliners than gainers.
theSun:
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SHAH ALAM : Residents of Section 7 here are urging the government to realign the Light Rail Transit 3 (LRT3) line that will run through the area saying it will disrupt the peace and quiet of the neigh...
Malaysiakini:
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Residents of Section 7 here are urging the government to realign the Light Rail Transit 3 (LRT3) line that will run through the area saying it will disrupt the peace and quiet of the neighbourhood.
Free Malaysia Today:
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SHAH ALAM: Residents of Section 7 here are urging the government to realign the Light Rail Transit 3 (LRT3) line that will run through the area, saying it will disrupt the peace and quiet of the neigh...