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RM50bil cheaper alternative to KL-S'pore high speed rail

PETALING JAYA: An alternative proposal to have a railway link to Singapore by upgrading the present infrastructure will only cost the government RM20bil – much lower than the high speed rail (HSR) project which will cost between RM60bil and RM70bil.

Property tycoon‘s legacy to school

IN support of the future development of SJK (C) Jalan Davidson, Kuala Lumpur, the late Tan Sri Yeoh Tiong Lay and his wife Puan Sri Tan Kai Yong have set up five charitable funds for the school amounting to a total of RM17.8mil.

(From seventh left) SJK (C) Jalan Davidson board vice-chairman Koe Swee Pow, board chairman Kor Beng, life honorary chairman Datuk Yong Ah Pwi, Puan Sri Tan Kai Yong, Tans daughter Datuk Yeoh Soo Min and school principal Teah Lay Theng with other members of the school board, management and staff during the cheque presentation ceremony.

Research house downgrades YTL Power to ‘hold’

PETALING JAYA: YTL Power International Bhd’s risk-reward is no longer compelling following a 19% gain since May 25, says Maybank Investment Research.

The research house downgraded the stock to “hold” from “buy” with an unchanged target price of 85 sen.

YTL Power risk-reward no longer compelling, says Maybank Invest

KUALA LUMPUR: Maybank Investment Research says YTL Power Bhd's risk-reward is no longer compelling following a 19% gains since May 25.

Bursa Malaysia up sharply

PETALING JAYA: Snapping two days of losses, the Malaysian stock market closed sharply higher yesterday on renewed buying interest.

KLCI top performer among key Asian markets, boost from Public Bank

KUALA LUMPUR: Blue chips rallied on Wednesday on strong fund buying of Public Bank, Axiata and CIMB as investors took heart from the latest measures taken by the new federal government to tighten spending, review mega projects and putting the economy on stronger spending.

AmInvestment: Q1 corporate results are uninspiring

KUALA LUMPUR: The corporate results for the first quarter ended March 31, 2018 were generally uninspiring, according to AmInvestment Research.

Listless reporting season in Q1 of 2018

KUALA LUMPUR: The corporate results for the first quarter ended March 31, 2018 were generally uninspiring, according to AmInvestment Research.

CIMB Research cautious on construction after rail jobs cancelled

PETALING JAYA: CIMB Equities Research remains cautious on the construction sector after over RM100bil worth of upcoming rail projects were cancelled over the past three days.

“We believe any upcoming big-ticket rail projects are now at risk of deferment, renegotiation or outright cancellation,” CIMB Research said, pointing to the ECRL and the Gemas-JB projects.

MyHSR suspends talks with KL-Singapore high speed rail PDPs

KUALA LUMPUR: MyHSR Corp Sdn Bhd has suspended further negotiations with the project delivery partners (PDPs) for the KL-Singapore high speed rail (HSR) development following the Government’s decision to cancel the project.

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