New project funding deal cuts Sarawak Pan-Borneo Highway project costs by RM3.1b

Feb 06

PUTRAJAYA (Feb 6): The Government has saved some RM3.

PLUS 18% reduction in toll rates begins at midnight

Jan 31

KUALA LUMPUR (Jan 31): Motorists plying highways managed by PLUS Malaysia Bhd will enjoy an 18% reduction in toll rates from midnight.

Mudajaya bags RM32m contract to supply street lighting for SUKE

Jan 22

KUALA LUMPUR (Jan 22): Mudajaya Group Bhd has bagged a RM31.

Govt's decision to retain ownership of PLUS a positive for Gamuda: Kenanga Research

Jan 20

KUALA LUMPUR (Jan 20): The cabinet's decision to retain the ownership of PLUS Malaysia Bhd is a positive for Gamuda Bhd, as this will be seen as consistent with the government's previously announced plan to take over the four highways held by Gamuda, said Kenanga Investment Bank Bhd Research.

Khazanah and PLUS will reveal details of toll restructuring initiative later

Jan 17

KUALA LUMPUR (Jan 17): Khazanah Nasional Bhd, which owns 51% in PLUS Malaysia Bhd, hailed the Cabinet’s decision not to sell the highway concessionaire to the private sector and reducing toll charges by 18% for passenger vehicles on all PLUS highways.

PMO: No toll hike on PLUS highways until 2058

Jan 17

KUALA LUMPUR (Jan 17): The Prime Minister's Office of Malaysia (PMO) said there will be no toll rate hikes on PLUS Malaysia Bhd's highways as PLUS' concessions will be extended for 20 years from 2038 to 2058.

IDEAS supports Cabinet decision to not sell PLUS, calls for divestment policy

Jan 16

KUALA LUMPUR (Jan 16): The Institute for Democracy and Economic Affairs (IDEAS) supports the Cabinet's decision to not sell Projek Lebuhraya Utara-Selatan (PLUS) Malaysia Bhd.