Govt's decision to retain ownership of PLUS a positive for Gamuda: Kenanga Research
The research firm has upgraded Gamuda to "Outperform" with a higher sum-of-parts derived target price of RM4.70 from RM3.90 previously.
Comment by Liew Chin Tong on toll rates
The old contract signed by the Barisan Nasional government allows PLUS to increase its toll rates by 5% every three years, and every time Barisan Nasional wanted to stop the price increase, it had to use public funds to pay compensation to PLUS. Now there will be no increase until 2058, and no compensation will need to be paid to PLUS.
EPF: Cabinet decision not to sell PLUS will facilitate implementation of 18% toll reduction
"We are happy that the matter has been definitively decided and a clear directive given by the Prime Minister on the future direction of PLUS."
SC issues Atta, Heng Huat suspension directive after police seized trading accounts
The trading accounts belong to several key individuals involved in these companies.
Khazanah and PLUS will reveal details of toll restructuring initiative later
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 branch slams higher quit rent in Pahang, claims increased by up to 34 times
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.
Ku Nan: I didn't need the RM2m bribe, I was a successful businessman
"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."
MRCB-Quill REIT 4Q net loss at RM24m, plans 3.37 sen distribution
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.
MMC-Gamuda formalises role in MRT2 as turnkey contractor
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).
MAHB, Prasarana to be led by locals: Anthony Loke
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.
