News about EC

KUALA LUMPUR (August 29): Malaysia has the capability to take on the East Coast Rail Link (ECRL) development, making it a “truly Malaysia-owned” project, and keeping costs low, say industry players.

KUALA LUMPUR (August 28): The consultant appointed to review awarded contracts related to the Pan Borneo Highway in order to reduce government spending, was given two weeks to complete, after which they must present their findings to the government.

KUALA LUMPUR (Aug 28): Datuk Seri Dr Ismail Bakar, the current Treasury Secretary-General, has been appointed as the new and 14th Chief Secretary to the government, effective tomorrow.

KUALA LUMPUR (Aug 28): The government is likely to cease the award of big infrastructure projects to project delivery partners (PDPs) after incidences of cost overruns that affected the government's budget, said special officer to the Finance Ministry Tony Pua.

KUALA LUMPUR (Aug 28): Daiman Development Bhd shares rose as much as 65 sen or 30% to RM2.

PETALING JAYA (August 28): Dr Mahathir Mohamad said that other parties have offered to build the East Coast Rail Link (ECRL) for as low as RM10 billion, a stark contrast to the current RM55 billion price tag.

KUALA LUMPUR (Aug 28): The major shareholders of Daiman Development Bhd have proposed to undertake a selective capital reduction (SCR) and repayment exercise to take the company private at RM3 a share or RM295.

KUALA LUMPUR (Aug 28): The 100-day report by the Council of Eminent Persons (CEP) was never meant to be published for the public, said economist Dr Jomo Kwame Sundaram.

S P Setia Bhd (Aug 24, RM2.

KUALA LUMPUR (August 25): Singapore has not yet agreed to defer the Kuala Lumpur-Singapore High Speed Rail (HSR) project, reported the Straits Times.