T7 Global surges after ECRL ‘gets a reprieve’
KUALA LUMPUR (June 26): T7 Global Bhd’s share price surged by as much as 34.
ECRL can proceed with better terms
KUALA LUMPUR (June 26): The government will proceed with the East Coast Rail Link (ECRL) if it can obtain more favourable terms through renegotiation and the project’s cost is brought down, said Prime Minister Tun Dr Mahathir Mohamad.
No need for ECRL, just revive Gemas-Tumpat line — ex-KTMB CEO
KUALA LUMPUR (June 25): Prime Minister Tun Dr Mahathir Mohamad has said there are grounds to renegotiate or scale down the RM55 billion East Coast Rail Link (ECRL) project, which is currently under review.
MCA's Ti lauds Putrajaya's continuation of ECRL
KUALA LUMPUR (June 24): The federal government’s move to continue with the building of the East Coast Rail Link (ECRL) albeit at a lower cost is a move in the right direction, MCA publicity spokesman and Religious Harmony Bureau chairman Datuk Seri Ti Lian Ker said.
Creador’s Brahmal is Gabungan AQRS’ substantial shareholder
KUALA LUMPUR (June 20): Private equity firm Creador Sdn Bhd founder and chief executive officer (CEO) Brahmal Vasudevan has emerged as Gabungan AQRS Bhd’s substantial shareholder.
Nothing to fear from China
KUALA LUMPUR: Malaysia wants to strengthen its “good relations” with Beijing, Prime Minister Tun Dr Mahathir Mohamad told the South China Morning Post (SCMP) in an interview, but that Chinese companies investing in the country should refrain from relying only on material, capital and labour from China and denying Malaysia any real benefits.
ECRL project owner: Information in weekly's report 'incorrect and misleading'
KUALA LUMPUR (June 10): The owners of the East Coast Rail Link (ECRL) project today said that a statement made in a story by an English language weekly yesterday is "completely incorrect and misleading".
ECRL may be deferred or terminated, says PM
PUTRAJAYA (June 6): The government may defer or terminate the RM55 billion East Coast Rail Link (ECRL) which is still being studied, said Prime Minister Tun Dr Mahathir Mohamad.
RM22b of compensation, penalty charges if ECRL cancelled
PETALING JAYA (June 6): If the government plans to terminate the East Coast Rail Link (ECRL) project, it will have to pay about RM22 billion in compensation and penalty charges, reported The Malaysian Insight.
ECRL cost inflated, says finance minister
PETALING JAYA (June 2): The cost of the East Coast Rail Link (ECRL) – which is one of several mega projects being reviewed by the Pakatan Harapan government – has been inflated, said Finance Minister Lim Guan Eng.
