ECRL seen contributing 3.8% increase to Malaysia’s GDP by 2047 – Zafrul
“The ECRL is poised to be a game changer for Malaysia, linking us more closely to the Pan-Asia railway network and enhancing our connectivity with Asean and Eurasia regions.
“The ECRL is poised to be a game changer for Malaysia, linking us more closely to the Pan-Asia railway network and enhancing our connectivity with Asean and Eurasia regions.
“This partnership aims to create a robust infrastructure that supports its long-term vision for the region’s growth and development while incorporating sustainable elements within an ESG framework.
KSI Strategic Institute For Asia Pacific economic adviser Dr Anthony Dass stated that 70% of Malaysia’s trading partners will be going to net zero by 2050.
The share sale involves the issuance of 132 million new shares and an offer for sale of up to 59 million existing shares, the company said in an exchange filing.
"This partnership not only aligns with our vision to be at the forefront of innovative tourism developments but also reinforces our commitment to cultural and economic growth in Melaka.
The strong profit growth was driven by higher contributions from all its operating segments, namely the property investment of commercial and retail, property development and hotel businesses.
The group registered a net profit of RM57.
For its property-related businesses, the group remained vigilant in the timing of the new launches and challenges associated with sales, in view of the global geopolitical conflicts and the macroeconomic inflationary impacts on construction, material, and labour costs.
Loke said the government is hopeful that the project can start immediately and be completed within four years.
The government will also stop paying ERL fees or charges from the collection of passenger service charges (PSCs) starting 2029.