<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 2): A Malaysian-Taiwanese joint-venture firm, owned 70% by Gamuda Bhd, has bagged a RM932.5 million contract to construct a seawall and a dike project.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing, Gamuda said the five-year contract was awarded by Port of Keelung, Taiwan International Ports Corp Ltd, a Taiwan state-owned ports operation company.</p></div>

<div class=newsTextDataWrapInner><p>The remaining 30% stake in the JV firm is held by Taiwanese civil construction company Dong-Pi Construction Co Ltd.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The firm is to construct a 4,014-metre long seawall for a reclamation project in the logistics storage area of Taipei port, and dismantle 945 metres of existing seawall structures.</p></div>

<div class=newsTextDataWrapInner><p>In addition, the firm will conduct Southport shore protection works.</p></div>

<div class=newsTextDataWrapInner><p>The contract, which starts this month, is expected to be completed by January 2025.</p></div>

<div class=newsTextDataWrapInner><p>“The works is expected to contribute positively to the revenue and earnings of the group for the financial year ending 31 July 2020,” Gamuda said.</p></div>

<div class=newsTextDataWrapInner><p>This is not the first time Gamuda and Dong-Pi have worked together. Their joint-venture company was also deployed for the construction of a marine bridge for the third liquefied natural gas-receiving terminal in Guan Tang, Taoyuan in Taiwan.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Gamuda closed unchanged at RM3.90 today, valuing the group at RM9.66 billion.</p></div>


KUALA LUMPUR (Jan 2): A Malaysian-Taiwanese joint-venture firm, owned 70% by Gamuda Bhd, has bagged a RM932.5 million contract to construct a seawall and a dike project.

In a bourse filing, Gamuda said the five-year contract was awarded by Port of Keelung, Taiwan International Ports Corp Ltd, a Taiwan state-owned ports operation company.

Gamuda JV wins RM932.5m seawall construction contract in Taiwan

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<p>The US on Thursday effectively stopped the United Nations from recognising a Palestinian state by casting a veto in the Security Council to deny the Palestinian Authority full membershipof the world body.</p>


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<p>The escalating tensions in the Middle East have influenced market sentiment and shifted investors' emphasis to the energy, finance and plantation sectors, which helped boost the FBM KLCI higher by midday on Friday.</p>


<p>Bursa Malaysia Bhd’s core net profit may have risen 34% in the first quarter, from a year earlier, on higher securities and derivatives trading activity when the exchange operator reports its results, Hong Leong Investment Bank said.</p>


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<p>Shares of Sapura Energy Bhd will be suspended from trading pending an announcement, the company said on Friday.</p>


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<p>Melaka State Secretary Datuk Zaidi Johari died of a heart attack this morning. He was 54.</p>

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