INDUSTRY NEWS (5 JANUARY 2021)
Although the termination of the Kuala Lumpur-Singapore High-Speed Rail (HSR) project is seen as a major setback for the construction sector, research analysts are maintaining their mixed ratings on the sector. Kenanga Research is maintaining its “overweight” call on the sector, and
Prasarana`s payments not up to date, says MRCBGK
MRCB George Kent Sdn Bhd (MRCBGK) has clarified that Prasarana Malaysia Bhd’s payments on Oct 2,2020 were only for construction works done up to June 2020. The joint venture company between Malaysian Resources Corp Bhd (MRCB) and George Kent (M) Bhd said
Prasarana: We have paid RM3.5bil up to October
Prasarana Malaysia Bhd has paid RM3.5bil to the Light Rail Transit 3 (LRT 3) contractors up to October 2020. According to chairman Datuk Seri Tajuddin Abdul Rahman, Prasarana can’t afford to make progress payments on a monthly basis as it needs to manage its cash flow. He
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