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Auditors express concerns about transport company’s prospects
KUALA LUMPUR: As the new Pakatan Harapan coalition-led federal government steps up to review the previous administration’s mega infrastructure projects, the failed 1Malaysia Development (1MDB) and other issues, the stock market is bearing the brunt.
KUALA LUMPUR: The Cabinet has given the go-ahead for the continuation of the light rail transit (LRT) 3 project but the final cost has been reduced by 47% to RM16.63bil.
KUALA LUMPUR: The government should relax the regulations for both e-hailing services and traditional taxi services as proposed rules would create significant new costs and barriers, says the Institute for Democracy and Economic Affairs (IDEAS).
KUALA LUMPUR: Vehicle sales doubled in May this year to 46, 663 units from 23, 366 units a year ago but the Malaysian Automotive Association (MAA) expects minimal sales in June due to the current four-week lockdown.