Samy Vellu: M'sian consortium to build RM6.6bil bridge in Bangladesh
(Feb 4)
KUALA LUMPUR: A Malaysian consortium will be set up to undertake the RM6.6bil Padma multi-purpose bridge project in Bangladesh after both nations sign a government-to-government memorandum-of-understanding (MOU) by the end of this month.
Gold prices rally seen
(Feb 4)
KUALA LUMPUR: Gold prices are expected to rally this year with an average forecast of US$1,975 per ounce, serving as a good hedge against global uncertain environment.
F&N Q1 profit falls sharply on loss of Coca-Cola business, Thai floods
(Feb 4)
PETALING JAYA:Fraser & Neave Holdings Bhd’s (F&N) net profit for its first quarter ended Dec 31, 2011 plunged 61% to RM41.75mil from RM107.08mil in the previous corresponding period, mainly due to the loss of the Coca-Cola business and operating losses arising from the Thailand floods last year.
Muhibbah may see positive change in APH deal
(Feb 4)
PETALING JAYA: Muhibbah Engineering (M) Bhd might see a positive change in fortunes after the Asia Petroleum Hub (APH) saga took a positive turn with CIMB Bank-led restructuring is reportedly in the works.
Eye on stock
(Feb 4)
EVERGREEN Fibreboard Bhd hit an intra-day high of RM1.11 in early deals, the best level in almost six months before reversing to close marginally easier, shedding one sen to RM1.08 owing to profit-taking activity yesterday.
MRT Co speeding up the award of contracts
(Feb 4)
THE Klang Valley My Rapid Transit (KVMRT), the country’s largest infrastructure project, is already gaining traction with the recent award of the two big packages worth RM1.74bil.
Construction sector to gain more
(Feb 4)
The kickoff of the country’s largest infrastructure project – the Klang Valley My Rapid Transit (KVMRT) – could spark re-ratings across several sectors starting with the construction sector which is the direct beneficiary.
