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Article: BRIEFING - ASIA INFRASTRUCTURE - JUNE 26, 2008.
- Article from:
- AsiaPulse News
- Article date:
- June 26, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An executive briefing on infrastructure for June 26, 2008, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
MALAYSIA'S SIME DARBY PULLS OUT FROM BAKUN PROJECT
KUALA LUMPUR - Malaysian conglomerate Sime Darby Berhad (KLSE:4197) on Wednesday announced that it is withdrawing from the massive Bakun hydroelectric project as the economics do not fit the group's business strategy.
It said it will not take an equity interest in Sarawak Hidro Sdn. Bhd (SHSB) and will not take part in the development of the High Voltage Direct Current transmission ...