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A fresh offer for PLUS

THAT the shareholders of highway operator PLUS Malaysia Bhd, namely Khazanah Nasional Bhd’s UEM Group Bhd and the Employees Provident Fund (EPF) received a takeover offer this week for their stakes in PLUS, is not entirely surprising or new.

EPF, UEM not selling stakes in PLUS highways

PETALING JAYA: Two shareholders of PLUS Malaysia Bhd – the Employees Provident Fund (EPF) and UEM Group Bhd – have reiterated that they have no intention to sell their stakes in the country’s largest highway concessionaire. UEM Group has a 51% stake in PLUS, while the EPF owns the remaining 49%.

Rich assets: For the financial year ended Dec 31, 2016, PLUS’ profit after tax surged to RM308.99mil from RM23.12mil a year earlier.

Resort-style living in Bandar Sunway

CICET Asia Development Sdn Bhd’s maiden project Greenfield Residence, strategically located in the education hub of Bandar Sunway, Petaling Jaya, now has showhouses open for viewing.

An artist’s impression of the view of the swimming pool from the balcony of Greenfield Residence, Bandar Sunway.

Cyclists ride in fear on our highways

From GUS GHANI , Kuala Lumpur

Motorcycle and bicycle lanes alone the Federal Highway were recently painted with broken lines for a two-lane road facilitating the smoother flow of slow and fast moving two-wheelers.

Satellite town goes sky high

WALKING past PJ State Cinema always fills old-timers James Chow and J.S. Henry with nostalgia.

WCT defers REIT, eyes RM2b KL-Klang Bus Rapid Transit project

KUALA LUMPUR: CIMB Equities Research said although WCT’s de-gearing initiatives remain largely on track, it was disappointed that the real estate investment trust (REIT) plans have been deferred to 2Q18 due to land and tenancy matters.

WWII bomber site gears up for driverless demos in December

Self-driving cars will begin taking test laps this December on the site of a famous World War II airplane factory in Michigan where Rosie the Riveter helped produce a shiny B-24 Liberator bomber every hour more than seven decades ago.

Project launched on a charitable note

MITRALAND Group did not forget the less fortunate during the ground-breaking ceremony of its lake park at the Gravit8 development project in Port Klang.

(Second row, from left) Johan, Mohd Yasid, Chuah and Ng (front row, third from right) with all the other recipients after the mock cheque ceremony at Gravit8 in Port Klang.

Flash floods and traffic jams in Klang Valley

PETALING JAYA: A heavy downpour on Friday evening is causing massive traffic jams along major roads in the Klang Valley. Flash floods were also reported at several locations.

Photo from Astro Radio Traffic

Massive crawl on Federal Highway following crash

PETALING JAYA: A three-car pile up on the Federal Highway amid a downpour resulted in an 11km crawl from Sungai Rasau to Batu Tiga on Tuesday morning.