Construction Sector
TSR Capital unit bags
two MRT jobs
TSR Capital Bhd through its wholly-owned subsidiary, TSR
Bina Sdn Bhd, has received two contracts from Mass Rapid Transit Corporation
Sdn Bhd, the concessionaire for the massive Mass Rapid Transit (MRT) project. It
said the contracts are for work packages for the Klang Valley MRT line
alignment between Sungai Buloh and Kajang costing RM330mil. The first contract
is for the construction and completion of the Kajang Maintenance Depot,
external and other associated works costing RM213 million. The second is for the
construction and completion of a multi-storey car park, external and related
works at the Sungai Buloh MRT station costing RM117 million. - Business Times
Construction Sector
High-speed rail talks
with Singapore to start soon
Discussions between Malaysia and Singapore on the high-speed
rail project linking Kuala Lumpur and the island city-state is expected to
commence soon, says a key official from the Land Public Transport Commission
(SPAD). According to SPAD chairman Tan Sri Syed Hamid Albar, certain parties
from Singapore have “informally” approached the commission on the high-speed
rail project. SPAD is in the second phase of a feasibility study, which looks
into the corridors, alignment, terminal points and the stops in-between. Its
chief development officer Azmi Abdul Aziz said the high-speed rail is targeted
to start next year with tenders to be called by end-2013.
Azmi confirmed that 95% of the investments for the project
would be domestic-driven. About 60% of the cost will go towards infrastructure
development, including civil works and track laying, and about 30% towards rolling stocks. Sources said the
final cost would depend on whether the project would involve an underground
rail link between the two neighbouring countries. – Business Times
Rubber Gloves Sector
Glovemakers brace for
higher wages and gas price
Malaysian rubber glove manufacturers say they are bracing
for the implementation of the minimum wage policy and removal of natural gas subsidies,
both of which will result in higher production costs for industry players. However,
Malaysian Rubber Glove Manufacturers Association president Lim Kwee Shyan said
they will pass the incremental expenses to buyers to mitigate the impact from
the implementation of both policies. Lim said the minimum wage policy,
effective Jan 1 next year, will prompt glove manufacturers to further automate
their manufacturing processes. He also said that industry players are
requesting for a “time frame” to adjust to the potential upward revision in gas
prices as natural gas is the primary fuel to power their plants. – The Edge
Source: AmeSecurities
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