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61-70 results from 1000 for query «project»

July 14, 2018 6:22 AM Prasarana to abide by MoF instructions on LRT3

KUALA LUMPUR: Prasarana Malaysia Bhd (Prasarana) will abide by the Ministry of Finance (MoF) instructions on the cost reduction for the light rail transit line 3 (LRT3) project. In a statement today, the state-owned transportation company said it was currently awaiting instructions from the MoF for the rigorous and comprehensive cost rationalisation 47

July 13, 2018 7:53 AM Pan Island Link highway to cut travelling time

GEORGE TOWN: The proposed Pan Island Link (PIL 1) connecting Gurney Drive to the airport and the Second Penang Bridge, which passes through Gottlieb Road, will help solve traffic woes and cut travelling time. Penang Chief Minister Chow Kon Yeow said the proposed highway will alleviate the heavy traffic load at Lebuhraya Tun Dr Lim Chong Eu, Pengkalan 29

July 12, 2018 4:00 PM Lafarge Malaysia's RM270m cement contract for ECRL suspended

PETALING JAYA: Lafarge Malaysia Bhd's RM270 million contract for the supply of cement for the East Coast Rail Link (ECRL) has been suspended following the suspension of the project. In a filing with Bursa Malaysia yesterday, Lafarge said it received a letter from China Communications Construction (ECRL) Sdn Bhd on the suspension of the company's supplies 82

July 12, 2018 6:24 AM Yinson expects to conclude Nigerian FPSO deal in September

KUALA LUMPUR: Yinson Holdings Bhd, which is currently in exclusive talks to supply a floating production storage and offloading (FPSO) unit to Nigeria's First Exploration & Petroleum Development Company Ltd (First E&P), expects to conclude the negotiation in September this year. Previously, the FPSO specialist said it expects to seal the deal by June 30. "We intend 32

July 11, 2018 4:25 AM Prasarana pledges to reduce LRT3 cost

PETALING JAYA: Prasarana Malaysia Bhd said today that it acknowledged the Finance Ministry's statement on the increase in the total cost of the light rail transit line (LRT3) project and will strive to further reduce the cost. Prasarana's president and group CEO Masnizam Hisham said in a statement that the management had in fact begun cost reduction 65

July 11, 2018 2:47 AM Departing Apple engineer stole autonomous car tech: FBI

SAN FRANCISCO: An ex-Apple engineer on Monday was charged with stealing secrets from a hush-hush self-driving car technology project days before he quit to go to a Chinese startup. Xiaolang Zhang was in custody for stealing trade secrets from the Apple project, according to a copy of the criminal complaint posted online. The charge is punishable by 10 years 38

July 10, 2018 3:57 PM Finance Ministry wants cost of LRT3 to be reduced by 'much more than RM6 billion'

PETALING JAYA: The Finance Ministry said it will not support additional funding for the 37km Light Rail Transit Line 3 (LRT3) unless Prasarana Malaysia Bhd cuts the cost of the project which, it is forecast, could soar to as high as RM31.45 billion. According to previous news reports, the cost of LRT3 was to have been capped at RM9 billion. On March 53

July 10, 2018 1:41 PM MoF to stop funding LRT3 unless cost falls drastically

KUALA LUMPUR: The Ministry of Finance (MoF) will not support any additional funding required for the Light Rail Transit Line 3 (LRT3) unless the cost is "significantly rationalised" without compromising the rail network's integrity, safety and service quality. In a statement today, Finance Minister Lim Guan Eng said the ministry had requested project 38

July 9, 2018 1:36 PM Zecon shares up despite possible termination of hospital job

PETALING JAYA: Zecon Bhd’s share price rose 4.41% today despite a possible termination of its turnkey contract for the Petra Jaya Hospital in Sarawak. On July 5, Health Minister Dr Dzulkefly Ahmad said the Cabinet gave approval in principle for the termination of the RM495 million hospital project which has seen only 34.5% progress with merely six months 32

July 9, 2018 1:12 PM HSS: Consultancy contracts for ECRL suspended

PETALING JAYA: HSS Engineers Bhd announced that the consultancy contracts awarded to its associate company HSS Integrated Sdn Bhd (HSSI) for the East Coast Rail Link (ECRL) have been suspended pending government review. The group told the stock exchange that it received letters on the suspension of HSSI’s services from its client China Communication 47