Prasarana more concerned about weak ringgit


Closer collaboration: TFL Surface Transport managing director Leon Daniels (left) shaking hands with Azmi. Looking on are UK High Commissioner to Malaysia Vicky Treadell and Prasarana chairman Tan Sri Ismail Adam.

KUALA LUMPUR: Light rail transit (LRT) operator Prasarana Malaysia Bhd is more concerned about the impact of the weak ringgit than the recently revised foreign worker levy on the cost of the upcoming RM9bil LRT 3.

President and chief executive officer Datuk Azmi Abdul Aziz brought this issue up as the LRT 3’s costing was done in 2013 when the ringgit was stronger.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Prasarana , LRT 3 , MoU , Transport for London

Next In Business News

China stocks post biggest one-day drop in a month on Trump-Xi summit caution
SoftBank raises US$11.1bil in world's biggest high-yield corporate bond sale
Asian stocks, currencies pressured by oil prices, bond rout
Oil extends gains on little sign of progress in US-Iran talks
Moomoo: Investors should watch sector rotation, ringgit for foreign flow direction
Malaysia’s 2026 GDP growth could hit 5.7% on stronger manufacturing, investments
Moody’s: AI boom to lift Malaysia’s 2026 growth despite slower Asia-Pacific outlook
Financing for priority sectors still modest despite policy ambitions, says BNM Governor
MARC Ratings affirms Gas Malaysia Distribution’s AAA rating
Troops commits US$12mil to AI infrastructure venture in Southeast Asia

Others Also Read