News by Surin Murugiah

Zeti takes over from Tan Sri Abdul Wahid Omar who had retired from the position at the end of June.

At 9.03am, IWCity fell 5 sen to 76 sen with 3.93 million shares done.

Hua Yang recorded higher income tax expense of RM2.42 million for the quarter compared with RM1.14 million last year.

For a proposed mixed development in the Tun Razak Exchange (TRX) Lifestyle Quarter

Finance Minister Lim Guan Eng said the final total cost of the LRT3 project is reduced by 47% from RM31.65 billion to RM16.63 bilion, saving Malaysians a total of RM15.02 billion.

Finance Minister Lim Guan Eng said the final total cost of the LRT3 project is reduced by 47% from RM31.65 billion to RM16.63 bilion, saving Malaysians a total of RM15.02 billion.

The East Coast Rail Link (ECRL) project and two projects under the finance ministry (MoF) unit Suria Strategic Energy Resources Sdn Bhd (SSER), namely the Multi-Product Pipeline (MPP) and the Trans-Sabah Gas Pipeline (TSGP) projects, have been instructed to suspend all works with immediate effect.

“This suspension shall take effect immediately and will be in force until further instruction from us,” said the letter signed by MRL chief executive officer Datuk Sri Darwis Abd Razak.

Lim said the original project scope was to build a rail line from the Integrated Transport Terminal (ITT) Gombak in Selangor to Wakaf Bharu in Kelantan at a cost of RM46 billion.

The group announced a 6 sen second interim dividend, payable on July 31.