News about highway

KUALA LUMPUR (Nov 11): CIMB Group Holdings Bhd and PLUS Malaysia Bhd announced today that their joint venture company, Touch n' Go Sdn Bhd (TNG), will be launching the RFID tag as an additional payment option for road users at all PLUS expressways across the country next year.

KUALA LUMPUR (Nov 9): Zecon Bhd’s auditor Messrs Crowe Horwath has highlighted a material uncertainty in the group’s financial statements for the financial year ended June 30, 2019 (FY19).

KUALA LUMPUR (Nov 8): Payment for the Pan Borneo highway project is not delayed and is expected to arrive as per the agreement with the works package contractors (WPCs), said Lebuhraya Borneo Utara (LBU).

KUALA LUMPUR (Nov 6): Gadang Holdings Bhd said it intends to participate in the open tender process for the three Pan Borneo Sabah packages — worth RM925 million — to be awarded next year, besides having submitted bids for some RM1 billion worth of construction jobs.

KUALA LUMPUR (Nov 1): The details of the proposed acquisition of four Gamuda Bhd toll concessionaires, which were supposed to be finalised yesterday between the company and the government, has been extended for another two months, with the latest completion date set no later than March 31 next year, according to the company.

PETALING JAYA (Oct 31): S P Setia Bhd will incorporate smart-home features in its upcoming landed residential development next year.

PETALING JAYA: Veteran newsman Datuk A.

  KUALA LUMPUR (Oct 31): PLUS Malaysia Bhd said today the highway operator was already a debt-ridden company when Syarikat Danasaham Sdn Bhd took over UEM Group Bhd (UEMG) from Renong Bhd and subsequently privatised UEMG in 2001.

KUALA LUMPUR: Economist Muhammed Abdul Khalid criticised the finance ministry’s decision to acquire four urban tolled highways for RM6.

KUALA LUMPUR (Oct 22): Although the government prefers to stay out of business and is willing to divest its stake in PLUS Highway, Prime Minister Tun Dr Mahathir Mohamad said the offers by the private sector so far are not attractive enough.