News about Prasarana Malaysia

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.

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

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): 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 (May 3): YTL THP JV Sdn Bhd, a joint venture between Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd and TH Properties Sdn Bhd, has appointed former Prasarana Malaysia Bhd president and chief executive officer (CEO) Datuk Seri Azmi Abdul Aziz (pictured) as the company’s CEO.

KUALA LUMPUR (Feb 9): Prasarana Malaysia Bhd and Singapore's SMRT Corp Ltd will form a joint venture (JV) company to operate the Johor Bahru-Singapore Rapid Transit System Link (RTS Link).

KUALA LUMPUR (Jan 24): Prasarana Malaysia Bhd said Rapid KL Monorail Line has temporarily suspended operations of its four-car train sets for safety checks.

Sunway Construction Group Bhd (Oct 6, RM2.

The construction of Phase 2 of the Mass Rapid Transit (MRT) project is 99% completed and will be operational by next month as scheduled, Bernama reported Prasarana Malaysia Bhd president and group chief executive officer Datuk Seri Azmi Abdul Aziz as saying today.

KUALA LUMPUR (June 15): Prasarana Malaysia Bhd will begin to award the first batch of work packages for the upcoming RM9 billion Light Rail Transit Line 3 (LRT3) in the next two to three months.