Hiap Teck Venture Bhd stated that its 23.7% owned joint-venture (JV) company, Eastern Steel Sdn Bhd (ESSB), will increase production capacity to 2.7 million tonnes of steel slabs and billets per annum.
Hiap Teck Venture Bhd anticipates steel demand in Malaysia to be driven by private consumption this year and is hopeful mega projects such as the Mass Rapid Transit 3 will be given the green light, which would help the recovery of the construction industry.
KUALA LUMPUR, Nov 16 ― Bursa Malaysia remained lower at mid-morning, dragged down by financial services counters led by Public Bank and CIMB, a dealer said. Public Bank and.
KUALA LUMPUR, Nov 16 ― Bursa Malaysia ended the morning session lower, in sync with the weaker regional markets’ performance as investors were jittery over the geopolitical.