Daily Industry News Update (28 May 2022)

RM800 mil for ‘mid-life refurbishment’ of Kelana Jaya LRT line

The Kelana Jaya Light Rail Transit (LRT) line, which has been operating since 1998, is undergoing mid-life refurbishment involving RM800 million, said Transport Minister Datuk Seri Dr Wee Ka Siong.

SunCon kicks off FY22 with stronger 1Q profit on improved construction margin

Sunway Construction Group Bhd’s (SunCon) net profit for the first quarter ended March 31, 2022 (1QFY22) jumped 70.54% to RM34.52 million from RM20.24 million in the same period last