UOB Kay Hian: Market taken aback by surprise MRT3 cancellation

KUALA LUMPUR (May 31): The cancellation of the third mass rapid transit line (MRT3) has caught investors by surprise and subsequently precipitated another broad market meltdown, which had fallen by the biggest single-day drop since 2008, according to UOB Kay Hian Securities (M) Sdn Bhd.

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KL car clamping to resume tomorrow

PETALING JAYA (May 30): Kuala Lumpur City Hall (DBKL) will resume clamping cars that are parked haphazardly in critical parts of the city, a mere two days after it was announced that the enforcement practice will be suspended.

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