News about RAs

“If the response is positive, we will move on to the second phase with the Request for Proposal (RFP) stage to obtain detailed proposals from the selected consortia.

Maybank Investment Bank (Maybank IB) head of equity research Wong Chew Hann: In the private sector, you go into business because you want to make money.

In a report on Friday, Japanese agency Kyodo News, citing sources, said the companies, including East Japan Railway Co, had hoped to utilise Japan's Shinkansen bullet train system in the project but they have decided it will be too risky without the Malaysian government's financial support.

This surpassed the pre-Covid peak of 790,000 passengers a day, according to Transport Minister Anthony Loke Siew Fook.

Transport Minister Anthony Loke Siew Fook: The monitoring process has to be better.

"For every person who uses the My50 travel pass, you are actually receiving RM100 in subsidies from the government, but the public may not be aware, as they believe it is just RM50.

"The Ministry of Transport is in progress of land acquisition for the MRT3 line, but the decision on when to award the project is under the purview of the Ministry of Finance.

Regarding the Johor Bahru-Singapore Rapid Transit System (RTS) Link project, Loke announced that infrastructure work in Malaysia had reached 65% as of the end of December last year, while system work was 33.

The premium, currently charged at 21.

Besides IJM, the other two consortium members are said to be Pestech International Bhd and French rolling stock maker Alstom, both of which are the original contractors.