News about PLUS

KUALA LUMPUR (June 29): Malaysia's trade performance returned to surplus in May 2020, reporting a trade surplus of RM10.

PETALING JAYA (June 23): Tun Dr Mahathir Mohamad (pictured) has said he will quit Pakatan Plus — a loose coalition of political parties PKR, DAP, Amanah, Warisan and Members of Parliament (MPs) led by the former premier — but continue to work with DAP and Amanah as the two parties back him as prime minister.

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KUALA LUMPUR (March 24): PLUS Malaysia Bhd's (PLUS) radio-frequency identification (RFID) launch planned for April 1 has been postponed.

KUALA LUMPUR (March 20): PLUS Malaysia Bhd said the southbound Ebor toll plaza (entry) in the North–South Expressway Central Link (ELITE), where a toll operator tested COVID-19 positive on March 18, has resumed operations at midnight today.

Sold for: RM3,500,000 (RM681.

KUALA LUMPUR (Jan 31): Motorists plying highways managed by PLUS Malaysia Bhd will enjoy an 18% reduction in toll rates from midnight.

KUALA LUMPUR (Jan 20): The cabinet's decision to retain the ownership of PLUS Malaysia Bhd is a positive for Gamuda Bhd, as this will be seen as consistent with the government's previously announced plan to take over the four highways held by Gamuda, said Kenanga Investment Bank Bhd Research.

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%.