News about Malaysia

PETALING JAYA (July 10): Malaysia’s indecision over the Kuala Lumpur-Singapore High Speed Rail (HSR) will hurt its taxpayers in the long run, said the Straits Times (ST) in an op-ed piece today.

PETALING JAYA (July 10): Almost RM6 billion can be shaved from the cost of the light rail transit line 3 (LRT 3) project if it follows its original design, reported The Star citing sources.

PETALING JAYA (July 10): The Johor Department of Occupational Safety and Health (DOSH) has called on construction companies in the state to be more proactive about the safety conditions of their workers.

Malaysian Resources Corp Bhd (July 9, 60 sen) Maintain buy with an unchanged target price (TP) of RM1.

KUALA LUMPUR (July 10): Analysts reckon the third light rail transit (LRT3) line in the Klang Valley is not in danger of being dropped despite talk of Putrajaya reviewing the project because of massive cost overruns.

KUALA LUMPUR (July 9): HSS Engineers Bhd associate company HSS Integrated Sdn Bhd (HSSI) has received a letter from China Communication Construction (ECRL) Sdn Bhd on the suspension of the East Coast Rail Link (ECRL) project, Bernama reported today China Communication Construction (ECRL) Sdn Bhd received the letter from the project owner, Malaysia Rail Link Sdn Bhd, on July 4.

KUALA LUMPUR (July 9):  The deadline for Prasarana Malaysia Bhd and Singapore’s SMRT Corp Ltd to create a joint-venture company to operate the Johor Bahru-Singapore Rapid Transit System (RTS) Link has been missed, Singapore’s transport minister Khaw Boon Wan has been reported as saying.

KUALA LUMPUR (July 9): Malaysia Rail Link Sdn Bhd (MRL), the project owner of the RM81 billion East Coast Rail Link, has dismissed today news reports that suggest construction work is continuing on the ECRL despite a suspension order having been issued.

KUALA LUMPUR (July 9): UOB Kay Hian Securities (M) Sdn Bhd believes Malaysian Resources Corp Bhd (MRCB) would not be affected if Prasarana Malaysia Bhd is unable to raise additional funds to complete the construction of the third light rail transit (LRT3), which has reached 10% to-date.

KUALA LUMPUR (July 9): A builder has told residents whose homes are on the hill slopes of Jalan Bukit in Kajang that “all due care will be taken in the construction of a three-block 1Malaysia People’s Housing Scheme (PR1MA) apartment project nearby”, reported The Star today.