Is the government keeping PLUS?

By stating a time frame, the implied view of many is that the toll rate reduction would take effect starting from January.

Two developments in the last three weeks have been quite telling on the fate of PLUS Malaysia Bhd and other highway concessionaires in the country.

Firstly, Finance Minister Lim Guan Eng surprised everyone with the announcement of an 18% toll rate reduction on highways under PLUS. He said that the reduction in toll rates would save highway users RM1.13bil next year and RM43bil until 2038 when the concession ends.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

PLUS , highway , government , keeping , Mahathir , rate cut ,


Next In Business News

US aims to raise US$200bil as part of G7 rival to China's Belt & Road Premium
Humble rice bran becomes hot commodity as India scours for edible oils Premium
Saudi bourse to launch single stock futures on July 4 Premium
Central banks' umbrella body urges decisive wave of global rate hikes to stem inflation Premium
With only 15,000 tons of petrol and diesel left, Sri Lanka struggles to secure fresh fuel supplies Premium
Egypt contracts to buy 180,000 tonnes of wheat from India Premium
China's central bank renminbi liquidity arrangement includes Malaysia Premium
Global M&A braces for dry spell as boardrooms put expansion on hold Premium
CPO futures market to see technical correction next week Premium
Fed policymakers embrace more rate hikes, markets a little less Premium

Others Also Read