HSR to resume if costs cut considerably
PETALING JAYA (July 11): The Kuala Lumpur-Singapore high-speed rail (HSR) may be resumed if costs can be significantly lowered, said Finance Minister Lim Guan Eng.
Prasarana to work closely with MoF, PDP in LRT3 cost reduction
KUALA LUMPUR (July 11): Prasarana Malaysia Bhd said today it will work closely with the Ministry of Finance and both its Project Delivery Partners to bring down the total cost of the light rail transit line (LRT3) project.
Finance minister: Prasarana has to slash more than RM6b for LRT3
KUALA LUMPUR (July 10): The Ministry of Finance will not provide additional funding for the Light Rait Transit 3 (LRT3) project unless cost “is significantly rationalised without compromising on the integrity of the rail network as well as the safety and the quality of service provided,” finance minister Lim Guan Eng (pictured) said in a press release today.
Canada Pension Plan in talks to buy stake in Pavilion Bukit Jalil
KUALA LUMPUR (July 7): The Canada Pension Plan Investment Board (CPPIB) is negotiating with Malton Bhd on the purchase of a 49% stake in Pavilion Bukit Jalil mall, The Edge weekly reported in its July 9, 2018 issue.
Lawyer says gag order in Najib’s case violates freedom of expression
KUALA LUMPUR (July 4): Civil rights lawyer Syahredzan Johan has questioned the need to issue an interim gag order on the media in ex-Prime Minister Datuk Seri Najib Razak’s court case.
FT Ministry to start internal investigation into land sales
PETALING JAYA (July 3): The Federal Territories Ministry will start an internal investigation into the alleged sale of 64 parcels of government land by Dewan Bandaraya Kuala Lumpur (DBKL) to developers, reported Bernama.
Final cost of ECRL project is actually RM81b, says Lim Guan Eng
KUALA LUMPUR (July 3): The final cost of the East Coast Rail Link (ECRL) project is actually RM81 billion and must be reduced significantly to make it viable financially, according to Minister of Finance Lim Guan Eng.
FY18 to see flat profit growth despite stronger 9M — Titijaya
KUALA LUMPUR (July 2): Developer Titijaya Land Bhd may have achieved a marginally stronger performance in its first nine months of the 2018 financial year (FY18), but the group is not expecting its earnings to improve by much for the full year, due to the prevailing weak buying sentiment, according to deputy group managing director Lim Poh Yit.
No documents destroyed in FT Land and Mines office explosion
KUALA LUMPUR (June 29): Documents and land grants in the Federal Territories Director of Land and Mines Office are safe here after an explosion occurred here yesterday Director Sharez Izuan Md Zaidi assured all that the documents in the room were not destroyed and there were no casualties, Bernama reported today.
Construction of HSBC HQ in TRX ahead of schedule
KUALA LUMPUR (June 26): HSBC Bank Malaysia Bhd (HSBC) is happy with the construction of its headquarters building in the Tun Razak Exchange (TRX) (pictured), said chief executive officer Stuart Milne.
