Sabah & Sarawak
HSL wins Petronas MRSM contract in Bintulu, order book reaches new record
Hock Seng Lee Bhd ( HSL) on Tuesday announced it had received a Letter of Acceptance for a new MARA Junior Science College campus contract in Bintulu. The project, a proposed construction and completion of Maktab Rendah Sains Mara ( MRSM) on Lot 1229, Block 37, Kemena Land District, Bintulu, Sarawak, has been procured by HSL in an open tender exercise for the contract sum of RM101.19 mil lion, with Petroliam Nasional Bhd ( Petronas) as its employer and KLCC Projeks Sdn Bhd (KLCCP) as the project manager. RAM Ratings places Sarawak Energy’s issue rating on positive outlook
RAM Ratings has revised its ratings on Sarawak Energy Bhd (Sarawak Energy) to positive from stable the outlook on the AA1 rating RM15 billion Sukuk Musyarakah Programme ( 2011/2036). In a statement, it explained that the positive outlook ref lects a strong uptrend in Sarawak Energy’s electricity sales, which if maintained, is expected to lead to improvements in the group’s credit metric indicators. At least 200 more flights bringing tourists to Sabah – Liew
At least 200 international charter and extra flights, from now until March next year, will bring an influx of tourists to Sabah from China, South Korea and Japan, said Tourism, Culture and Environment Minister Christina Liew. RAM reaffirms AAA/stable rating of Sabah’s bonds
RAM Ratings has reaffirmed the rating of the State Government of Sabah’s RM1.0 billion Bonds ( 2014/2019) at AAA/stable. The rating is based on the Constitution of Malaysia’s requirement that any state government borrowing be subject to the approval of the Federal Government. Bumper first half for HSL as revenue for 2Q reaches RM154 mln
With its major projects moving ahead and order book at a record high, Sarawakbased infrastructure company Hock Seng Lee Bhd ( HSL) has delivered strong growth outcomes for the first half of 2018. Announcing its second quarter ( 2Q) results for the period ended June 30, 2018, the company noted that accelerated execution of its mega-projects, as they entered mid-phases of construction, had led to improvement across all financial measures. X- FAB Sarawak receives Asia’s Best Employer Brand Award for the second consecutive year
X- FAB Sarawak Sdn Bhd was awarded with Asia’s Best Employer Brand Award 2018 once again, recognising X-FAB Sarawak for its excellence and outstanding employer branding activities. The semiconductor manufacturer that is part of the X-FAB group employing 4,000 people worldwide and about 1,300 people in its Malaysia facility, received recognition for its relentless efforts and investment in talent management, employee performance and development, as well as rewarding and recognising their employees success.