News About RTS

Genting Malaysia unit inks merger agreement to delist Empire Resorts

Aug 20

KUALA LUMPUR (Aug 20): Genting Malaysia Bhd (GenM) said today its indirect wholly-owned subsidiary Genting (USA) Ltd (GenUSA) has acquired a 49% stake in joint venture company (JVCo) Hercules Topco LLC, which will hold all outstanding shares in Empire Resorts Inc under Empire's planned delisting from the US stock market.

Malaysia, Singapore reach 'an understanding' on RTS

Aug 20

KUALA LUMPUR (Aug 20): Transport Minister Anthony Loke (pictured) has updated that Malaysia has reached “some sort of an understanding” with Singapore on the deferred Johor Bahru-Singapore Rapid Transit System (RTS).

Hotels facing headwinds

Aug 27

Visit Malaysia Year 2020 (VMY2020) is around the corner, but the hospitality sector does not have high hopes that it will be a key performance driver for the sector.

Number of Chinese tourists to Malaysia increasing

Aug 09

PETALING JAYA (Aug 9): China’s recent economic slowdown has not seemed to curtail its citizens from holidaying abroad, and Malaysia has been one of the beneficiairies of it.

Penang Airport expansion a challenge for MAHB, federal govt

Jul 22

KUALA LUMPUR (July 22): It is a big relief to many, particularly Penangnites, when the federal government confirmed the project to expand the capacity of the Penang International Airport (PIA) to 20 million passengers per annum (mppa) from 6.

Incompetent contractor reappointed to complete abandoned sports school project

Jul 16

KUALA LUMPUR (July 15): The construction of the Perlis Sports School (SSM Perlis) has been delayed for nearly five years since it was first approved under the 9th Malaysia Plan, says the Auditor General's Report 2018 Series 1.

MAHB says Syarikat Pembinaan Anggerik raised claim to RM66.83m

Jul 16

KUALA LUMPUR (July 16): Malaysia Airports Holdings Bhd (MAHB) said Syarikat Pembinaan Anggerik Sdn Bhd has raised its claim over alleged losses pertaining to development and upgrading works at the Penang International Airport to RM66.

Jamal Md Yunos’ hotel in Sekinchan up for auction

Jul 10

PETALING JAYA (July 10): There are some personalities which we sometimes go like: “I wonder what happened to him/her?” So, remember the famous or infamous (depending on which part of the political spectrum you fall on) Jamal Md Yunos of the Red Shirts? It looks like the chap is not doing too well in the business world.

‘Taking private money not a good idea for airports’

Jun 10

KUALA LUMPUR (June 10): Using private money to fund public infrastructure like airports is not a good idea, says the International Air Transport Association (IATA).