<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on June 1, 2018</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: The signing of documents between the MRCB-Gamuda consortium and MyHSR Corp Sdn Bhd scheduled for today will not take place following the cancellation of the Kuala Lumpur-Singapore high-speed rail (HSR) project.</p></div>

<div class=newsTextDataWrapInner><p>This was confirmed in separate filings with Bursa Malaysia yesterday by Malaysian Resources Corp Bhd (MRCB)</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>and Gamuda Bhd.</p></div>

<div class=newsTextDataWrapInner><p>The two companies said they received a letter yesterday from MyHSR Corp informing them that following the cancellation of the HSR by the Malaysian government, all further negotiations on the articles of agreements, conditions of contract and annexures will be suspended.</p></div>

<div class=newsTextDataWrapInner><p>As a result, the signing of the documents slated for today will not take place, they said.</p></div>

<div class=newsTextDataWrapInner><p>The consortium was selected as the project delivery partner for the northern section of the HSR project, from the Bandar Malaysia station to Melaka.</p></div>

<div class=newsTextDataWrapInner><p>On Monday, Prime Minister Tun Dr Mahathir Mohamad announced that the RM110 billion HSR project has been cancelled as it would not be beneficial for the country to undertake it.</p></div>

<div class=newsTextDataWrapInner><p>MRCB’s share price closed up two sen or 3.5% to 59 sen yesterday, while Gamuda shares rose 16 sen or 5.03% to RM3.34.</p></div>

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KUALA LUMPUR: The signing of documents between the MRCB-Gamuda consortium and MyHSR Corp Sdn Bhd scheduled for today will not take place following the cancellation of the Kuala Lumpur-Singapore high-speed rail (HSR) project.

This was confirmed in separate filings with Bursa Malaysia yes...

Signing of documents between MRCB-Gamuda and MyHSR cancelled

WASHINGTON (April 19): Donald Trump said on Thursday the survival of Ukraine is important to the United States, a shift in tone days before the Republican-led U.S. House of Representatives is due to vote on a $61 billion aid package.

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<p>Malaysia Building Society Bhd (MBSB) has recommended a final dividend of 3.5 sen for the financial year ended Dec 31, 2023 (FY2023).</p>

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MBSB proposes 3.5 sen dividend for FY2023

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Awantec faces trading suspension from April 26 after failing to submit regularisation plan

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<p>Pansar Bhd has secured a contract worth RM269.1 million to upgrade the capacity of a water treatment plant in Sibu, Sarawak.</p>

<p>The construction and infrastructure outfit secured the job from Lembaga Air Sibu via an open tender, through its wholly owned Perbena Emas Sdn Bhd.</p>


Pansar bags RM269m job to upgrade water treatment plant in Sarawak

<p>KUALA LUMPUR (April 18): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:</p>

<p>Datuk Farhash Wafa Salvador, former political aide to Prime Minister Datuk Seri Anwar Ibrahim, has ceased to be a substantial shareholder of <strong>HeiT...

HeiTech Padu, Axiata, AmanahRaya REIT, AmFirst REIT, RHB Bank, 7-Eleven Malaysia, MBSB, Awantec, MAA Group, UMediC, Systech, Pansar, Auro, Kimlun and AWC

<p>Australia brought 23 companies seeking investment in maritime decarbonisation and renewable energy (RE) sectors to Malaysia as part of the Australia-Southeast Asia Business Exchange programme.</p>


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Special economic, financial zones can help Johor surpass other states economically, says Anwar

<p>Engineering services provider AWC Bhd has bagged two contracts worth a total of RM19.39 million for plumbing works at Hospital Kapar in Selangor and a data centre in Cyberjaya.</p>

<p>In a statement on Thursday, AWC said the Hospital Kapar job was awarded to its wholly-owned subsidiary Qudotech Sdn Bhd by the project's main contractor, IJM Corp Bhd's unit IJM Construction Sdn Bhd.</p>


AWC secures plumbing jobs at Hospital Kapar and Cyberjaya data centre

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<p><br />
KUALA LUMPUR (April 18): 7-Eleven Malaysia Holdings Bhd, known for its extensive network of convenience stores, declared on Thursday an interim dividend of 2.7 sen per share for its financial year ended Dec 31, 2023 (FY2023), after posting a record high net profit.</p>


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<p>(April 18):&nbsp;The world of chocolate is facing such immense cocoa shortages that the wild trading lured an unlikely player&nbsp;—&nbsp;Pierre Andurand, a hedge-fund manager best known for his bets on oil.&nbsp;</p>
