FBMKLCI 1505.18 DJ+55.03 CRUDE OIL 89.96 RM 3.12

KNM Group Bhd’s wholly-owned subsidiary KNM Process Systems Sdn Bhd (KNMPS) has secured a £450mil (RM2.196bil) engineering, procurement, construction and commissioning (EPCC) contract for a biomass and waste recycling centre project in England.

The Malaysian Anti-Corruption Commission (MACC) yesterday charged a former senior manager of Sime Darby Engineering Sdn Bhd for allegedly accepting a bribe of RM200,000 cash as a reward for proposing a private company for barge construction contracts.  

MTD is eyeing engineering and infrastructure projects in Saudi Arabia via a joint venture (JV) company it intends to form in the Kingdom with ANC Holdings Pte Ltd. MTD said it had entered into a JV and shareholders' agreement with ANC for the purpose of incorporation a JV company in Saudi Arabia. MTD will hold 51% of the JV while ANC will have the remaining 49%. "The parties intend to utilise the JV Company to undertake engineering and construction of building and infrastructure projects in Saudi Arabia," it said.