KL-Singapore HSR challenging without govt involvement, says Maybank IB
Maybank Investment Bank (Maybank IB) head of equity research Wong Chew Hann: In the private sector, you go into business because you want to make money.
Japanese firms drop out of Malaysia-Singapore high-speed rail project — report
In a report on Friday, Japanese agency Kyodo News, citing sources, said the companies, including East Japan Railway Co, had hoped to utilise Japan's Shinkansen bullet train system in the project but they have decided it will be too risky without the Malaysian government's financial support.
KL-SG high-speed rail suit: ‘Mere dissatisfaction over govt decision alone not basis for legal action’
Judicial Commissioner (JC) Roz Mawar Rozain observed this while presiding over the defendants’ application to strike out the suit by Mohd Hatta Sanuri against former prime ministers Tun Dr Mahathir Mohamad and Tan Sri Muhyiddin Yassin, and several others over the Kuala Lumpur-Singapore high-speed rail (KL-SG HSR)’s cancellation two years ago.
Deadline for KL-Singapore HSR concept proposal submission extended to January 2024 on bidders’ requests
“More than 60% of the companies have requested for an extension of time as they required more time to form consortiums with potential partners and explore financial options, among others.
No discussion with Singapore yet on HSR project, says Loke
As of now, the Malaysian government has not initiated any discussions regarding the HSR with the Singapore government, even during the recent two-day Malaysia-Singapore Leaders' Retreat, according to Transport Minister Anthony Loke.
UEM Sunrise shares hit four-year high in active trading
The counter has risen more than 231% this year, on sentiment play amid an inflow of positive news for projects in Johor, in particular near the Iskandar region, where UEM Sunrise’s portfolio is mostly located.
Shortlist of HSR frontrunners just market sensing, parties to start on clean slate — CGS-CIMB
So far, almost 30 firms have submitted a request to purchase the RFI documents, while the project will be via a design-finance-build-operate transfer (DFBOT) model with the asset to be handed over after the concession period.
BLand among top actives after rail arm appointed Johor's Tun Aminah as chairperson
On Tuesday, BLand said Tun Aminah holds a 30% stake in Berjaya Rail, which is actively participating in the request for information exercise by MyHSR Corp for the revilatised Kuala Lumpur-Singapore High Speed Rail project.
Malayan Cement a key beneficiary of HSR and MRT3, says CGS-CIMB
CGS-CIMB said cement industry's prospects will look brighter post the fourth quarter of calendar year 2023 once there is clarity on the MRT3, Bayan Lepas Light Rail Transit and HSR, which have a combined value of circa RM90 billion.
CGS-CIMB upbeat on construction sector as HSR project gains traction
“We think any interested parties will have to form joint ventures (JVs) or partnerships with foreign players with the technical knowledge and also strong financial backing.
