News by M

The new four-car trains will increase the rail's capacity by 10% for each car, in addition to higher efficiency and minimum carbon emissions.

"The new trains will offer a quieter ride, dynamic station indicators, and handicap facilities. We also expect to improve waiting times, reducing headway to less than the current 2.8 minutes," group managing director Datuk Azmi Abdul Aziz said.

Amid a soft property market, Ho Hup Construction Co Bhd will take a cautious stance when it comes to launching its property development projects in Kota Kinabalu, Sabah, and Bukit Jalil

The Penang Transport Master Plan is expected to improve connectivity in the area with the Bayan Lepas LRT line from Gurney Drive to Teluk Kumbar and Batu Maung; and the Pan Island Link Highway project from Gurney Drive to Bayan Lepas.

The project involves structural, architectural, mechanical and electrical works, besides associated external and landscaping works for the two phases.

Its revenue in 4QFY15 inched up 2.67% to RM103.46 million from RM100.77 million in 4QFY2014.

Malaysian REIT Managers Association chairman Datuk Stewart LaBrooy notes that MREITs may have the opportunity to buy properties from companies seeking to monetise their assets to recapitalise their balance sheets given the economic slowdown.

Prime Minister Datuk Seri Najib Razak is set to announce the revisions to Budget 2016 on Jan 28, as the government is expected to revise its base assumption for crude oil price to US$30 per barrel, from the initial US$48 per barrel assumption, when the budget was tabled in October last year.

Tower REIT said the revaluation done by independent valuers, Raine & Horne International Zaki and Partners Sdn Bhd, will raise the unaudited net asset value by 2.71 sen per unit.

The intensive construction of public transport infrastructure and residential development projects seem to be inspired by Singapore.