KUALA LUMPUR (July 27): Three subsidiaries under UEM Group Berhad, namely PLUS Malaysia Berhad (PLUS), UEM Edgenta Berhad and UEM Sunrise Berhad have unified the process of their Procurement, Finance and Human Resource (HR) divisions and operations in Malaysia through the adoption of cloud computing service.
GEORGE TOWN (June 6): Motorists under the private vehicle category who use the Radio Frequency Identification (RFID) to pay toll will enjoy 20% discount on the Penang Bridge beginning middle of next month (July).
Comment by Liew Chin Tong on toll rates The announcement by PLUS Malaysia Bhd to reduce its toll rates by 18% is in line with Pakatan Harapan’s two-step election promise to (a) renegotiate unfair toll concessions, and (b) to gradually take over and eventually abolish tolls.
KUALA LUMPUR (Jan 17): The Employees Provident Fund of Malaysia (EPF) — which owns a 49% stake in PLUS Malaysia Bhd — supports the Government's decision not to sell the highway concessionaire, saying the move would facilitate the proposed lowering of toll rates on all of its highways by 18%.
KUALA LUMPUR (Jan 17): The restructuring exercise of PLUS Malaysia Bhd’s concession agreements to bring about toll rate reductions is believed to entail the securitisation of its future cash flow estimated at RM7.
KUALA LUMPUR (Jan 15): The Cabinet had at its meeting today decided that highway concessionaire PLUS Malaysia Bhd will not be sold and will remain under its current shareholders Khazanah Nasional Bhd and the Employees Provident Fund (EPF), according to sources.
KUALA LUMPUR (Jan 14): Khazanah Nasional Bhd and the Employees Provident Fund (EPF) have never put highway concessionaire PLUS Malaysia Bhd up for sale and should the government decide to let go of PLUS, the next step is to conduct a formal engagement with the current shareholders.
KUALA LUMPUR (Nov 1): Businessman Tan Sri Halim Saad, who wants to take over PLUS Malaysia Bhd, is questioning the financials of the highway concessionaire, including its high annual operating expenditure at RM1.
PETALING JAYA: Veteran newsman Datuk A.
KUALA LUMPUR (Oct 25): CIMB Group Holdings Bhd and PLUS Malaysia Bhd have worked out a settlement agreement that puts an end to the joint venture partners’ dispute over PLUS’ decision to launch its own toll collection system.