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 Malaysia Bhd or the government, following the "remodeling" of the project delivery partner (PDP) contract into a fixed price contract for the LRT3 project.
In a statement responding to questions sent by theedgemarkets.com regarding the signing of the fixed price contract between the company and Prasarana for the LRT3 project, MRCB-GK's LRT3 project director Patrick Hwang Chee Leong said the firm is optimistic that the contract will be signed by the end of this month.
A boardroom tussle has surfaced at loss-making Inix Technologies Holdings Bhd, which announced today that it will convene an extraordinary general meeting (EGM) on Feb 13 to remove three directors, and appoint three others as directors.
This follows a requisition received from Kenanga Nominees (Asing) Sdn Bhd, Cartaban Nominees (Asing) Sdn Bhd and Wai Ai Loo, who hold a total of 11.21% of the company's shares, on Jan 8.
The digital revolution in Indonesia, Southeast Asia’s largest economy, continues to attract big money from investors. Hot on the heels of a $50 million round for Bukalapak, a billion-dollar company helping street stall traders to tap the internet, so Warung Pintar, another startup helping digitize the country’s vendors, has pulled in $27.5 million for growth. Bukalapak […]