KUALA LUMPUR: Kenanga Research views negatively the Gamuda Bhd-WCT Bhd joint venture’s (JV) recent arbitration loss against Bahrain Asphalt Establishment (BAE). The JV was also ordered to pay BAE RM53.6 million for its claims, legal and other costs. To recap, the Gamuda-WCT JV entered into a sub-contract with BAE on February 6 to construct the … Continue reading Negative views for Gamuda, WCT JV’s arbitration loss