News about Lim Guan Eng

KUALA LUMPUR (July 19): Prime Minister Tun Dr Mahathir Mohamad said the planned Kuala Lumpur-Singapore High Speed Rail (HSR) will have to be deferred because it will be difficult to reduce the price of the project.

KUALA LUMPUR (Jul 19): The upcoming sales and services tax (SST) will only be imposed on 38% of the Consumer Price Index (CPI) basket of goods, as compared to 60% by the goods and services tax (GST).

KUALA LUMPUR (July 19): Putrajaya has conceded that the sales and services tax (SST) system is not as transparent as the goods and services tax (GST), but stressed that the former is able to reduce Malaysian consumption tax by half.

KUALA LUMPUR (July 17): The light rail transit Line 3 (LRT3) project is a mini 1Malaysia Development Bhd (1MDB) scandal due to the opaque nature of the transactions pertaining to the megaproject, said Finance Minister Lim Guan Eng.

KUALA LUMPUR (July 12): The Pakatan Harapan government has approved the continuation of the light rail transit 3 (LRT3) project (pictured) at a final cost of RM16.

KUALA LUMPUR (July 12): The government has decided that Prasarana Malaysia Bhd will not be taking over the light rail transit line 3 (LRT3) project from the appointed project delivery partner (PDP), nor will it be calling it off.

PETALING JAYA (July 11): The Kuala Lumpur-Singapore high-speed rail (HSR) may be resumed if costs can be significantly lowered, said Finance Minister Lim Guan Eng.

KUALA LUMPUR (July 11): Prasarana Malaysia Bhd said today it will work closely with the Ministry of Finance and both its Project Delivery Partners to bring down the total cost of the light rail transit line (LRT3) project.

KUALA LUMPUR (July 10): The Ministry of Finance will not provide additional funding for the Light Rait Transit 3 (LRT3) project unless cost “is significantly rationalised without compromising on the integrity of the rail network as well as the safety and the quality of service provided,” finance minister Lim Guan Eng (pictured) said in a press release today.

KUALA LUMPUR (July 3): The final cost of the East Coast Rail Link (ECRL) project is actually RM81 billion and must be reduced significantly to make it viable financially, according to Minister of Finance Lim Guan Eng.