Directors of MoF companies shown the door
PETALING JAYA (August 1): For the Minister of Finance Inc (MoF Inc), holding company of the Ministry of Finance, changes in boards of directors has begun.
Prasarana denies CEO tenure cut short
KUALA LUMPUR (July 26): Prasarana Malaysia Bhd has denied that the tenure of its president and group chief executive officer Masnizam Hisham (pictured) has been cut short or that she has tendered her resignation.
Khalid steps down as Prasarana chairman
KUALA LUMPUR (July 26): Tan Sri Khalid Abu Bakar (pictured) confirmed today that he has resigned as group chairman of Prasarana Malaysia Bhd.
Prasarana chief’s tenure may be cut short — sources
KUALA LUMPUR (July 26): Prasarana Malaysia Bhd president and group chief executive officer (CEO) Masnizam Hisham (pictured) may see her three-year tenure cut short as she is said to be leaving the company amid criticism from lawmakers that it had caused the cost of the light rail transit line 3 (LRT3) project to balloon.
LRT3 cost may climb due to cuts
PETALING JAYA (July 24): Due to additional costs incurred by changes in design and delivery schedule of the project, contractors with work packages in the Light Rail Transit 3 (LRT3) project have said that they would seek compensation.
Specification changes led to LRT3 cost surge
KUALA LUMPUR (July 23): A chunk of the increase in costs for the light rail transit Line 3 (LRT3) project — from RM9 billion to RM31.
Concerns over crowded trains with LRT3 cost cutting, reports portal
KUALA LUMPUR (July 12): There were loads of gnashing of teeth as different parties bandied about how much can be slashed from the bill to build the light rail transit 3 (LRT 3) project.
‘Government to work with PDP to lower LRT3 cost’
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.
Prasarana to work closely with MoF, PDP in LRT3 cost reduction
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.
Finance minister: Prasarana has to slash more than RM6b for LRT3
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.
