PM: HSR merely postponed, not scrapped
PETALING JAYA (June 12): In what appears to be a softening of his stance, Prime Minister Tun Dr Mahathir Mohamad has said the Kuala Lumpur-Singapore high-speed rail (HSR) is postponed, and not axed entirely.
PETALING JAYA (June 12): In what appears to be a softening of his stance, Prime Minister Tun Dr Mahathir Mohamad has said the Kuala Lumpur-Singapore high-speed rail (HSR) is postponed, and not axed entirely.
KUALA LUMPUR (June 8): An arrest warrant has been issued by the Kuala Lumpur High Court on bankrupt businessman Tan Sri Ting Pek Khiing (pictured), who had last week surprised the nation with news that he will be undertaking a RM30 billion project in Langkawi, for failing to appear in court yesterday for his public enquiry hearing.
KUALA LUMPUR (June 7): Berjaya Group has plans to build a new airport in Pulau Tioman.
PUTRAJAYA (June 6): The government may defer or terminate the RM55 billion East Coast Rail Link (ECRL) which is still being studied, said Prime Minister Tun Dr Mahathir Mohamad.
KUALA LUMPUR (June 6): There will be a new mechanism to facilitate the bank loan application process for young Malaysians purchasing their first properties, Prime Minister Tun Dr Mahathir Mohamad said today.
KUALA LUMPUR (June 6): Former governor of Bank Negara Malaysia (BNM) Tan Sri Muhammad Ibrahim, whose resignation Prime Minister Tun Dr Mahathir Mohamad today confirmed he has accepted, said the purchase of Lot 41 land was not the first time the central bank has done such a transaction.
PUTRAJAYA (June 6): The government today confirmed it has accepted Bank Negara Malaysia (BNM) governor Tan Sri Muhammad Ibrahim's resignation and is yet to decide his successor.
PETALING JAYA (June 1): Malaysia Prime Minister Tun Dr Mahathir Mohamad said the government will respect the terms of contracts inked by the previous administration in relation to mega projects in the country.
KUALA LUMPUR (May 31): The cancellation of the third mass rapid transit line (MRT3) has caught investors by surprise and subsequently precipitated another broad market meltdown, which had fallen by the biggest single-day drop since 2008, according to UOB Kay Hian Securities (M) Sdn Bhd.
KUALA LUMPUR (May 31): The move to scrap the Kuala Lumpur-Singapore high-speed rail (HSR) “should not be seen as a move to spite Singapore”, according to analysts who spoke to the daily Today.