In a statement issued this evening, Khazanah said PLUS and itself will announce further details of the toll restructuring initiative after further consultation with the government and other key stakeholders.
FMM Eastern Branch chairman Ir Kua Jit How has asked the Pahang state government to reconsider the hefty increase and engage stakeholders involved to discuss about the matter.
"With humility, I wish to state that I do not need the RM2 million money for myself. Before I joined the Cabinet in 2001 upon the request of the then prime minister, I was a successful businessman. I was involved in various businesses, namely real estate, logging, manufacturing, trading, agricultural, hotel, livestock and food businesses."
The REIT said the current market valuation and fair value loss for investment properties for all its buildings of RM2.143 billion and RM36.731 million respectively shall be incorporated into its FY19 accounts.
In separate filings to Bursa Malaysia today, MMC Corp and Gamuda said their joint venture (JV) unit MMC Gamuda KVMRT (PDP SSP) Sdn Bhd (MMC-Gamuda) has entered into a supplemental agreement to the PDP agreement with Mass Rapid Transit Corp Sdn Bhd (MRT Corp).
Prasarana's website indicates that the company owns and operates the country's urban rail services, which include three light rail transit (LRT) networks and the KL Monorail, besides the mass rapid transit (MRT) line. Prasarana said it also owns and operates stage bus services in Kuala Lumpur, Selangor, Penang, Perak and Pahang.
In a statement today, the PMO said the government will implement an 18% reduction in toll charges on private vehicles plying PLUS-owned highways as early as Feb 1, 2020 to ensure there will be no toll rate hikes until the end of the 38-year concession between 2020 and 2058.
The group announced a distribution per unit of 1.76 sen for the quarter, which represents a 95% income distribution rate.
In a filing with Bursa Malaysia, the steel products maker said the sale to ISEC (Penang) Sdn Bhd is expected to result in an estimated loss of RM81,000 to the group, after taking into consideration the estimated expenses of RM181,000 for the disposal.
Saadatul Nafisah described Arul Kanda as an intelligent man who took over the reins of 1MDB on Jan 5, 2015, and had "worked very well" with her.
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