Sarawak awards RM466mil Bintulu bridge job to CMSB, CCCC

Companies that provide short-term consumer loans at high interest rates are on the increase in countries like Indonesia and the Philippines as many people struggle to get advances through traditional channels such as banks.

KUALA LUMPUR: Cahya Mata Sarawak Bhd (CMSB) said a subsidiary, together with its Chinese joint venture partner, has secured a project to build a bridge in Bintulu, Sarawak.

The RM466.68mil contract was awarded by the Sarawak state government to PPES Works (Sarawak) Sdn Bhd (PPES Works) and China Communications Construction Company (M) Sdn Bhd (CCCC) joint venture.