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Samy: PLUS ‘must fund toll plaza relocation’

The Cabinet has rejected a proposal that the Government fund the relocation of the toll plazas in Jelapang and Ipoh Selatan. Projek Lebuhraya Utara-Selatan (PLUS) would have to fork out RM260mil for the project, Works Minister Datuk Seri S. Samy Vellu said yesterday.

Traffic growth in line with GDP

PLUS Expressways Bhd expects traffic growth for the year ending Dec 31 to be in line with the country's forecast gross domestic product (GDP) growth of 6% to 6.5%, said chairman Tan Sri Mohd Sheriff Mohd Kassim.

On the move

STANDARD Chartered Bank Malaysia Bhd has appointed Tan Sri Mohd Sheriff Mohd Kassim as non-executive director.

Cosmo Scientex looking at RM57mil revenue

COSMO Scientex (M) Sdn Bhd is looking at an annual revenue of US$15mil (RM57mil) from its urethane prepolymer plant in Port Klang and will increase its capacity by more than 50% in the next three years to meet the growing regional demand.

Sultan: Important to practise good work ethics

Sultan Abdul Halim Mu'adzam Shah has urged the 6,378 graduates from Universiti Utara Malaysia (UUM) to be ethical at their workplace.

Restructuring brightens Propel outlook

PROJEK Penyelenggaraan Lebuhraya Bhd (Propel), a member of the United Engineers (M) Bhd (UEM), believes that its proposed restructuring scheme will result in more businesses for the group.

PLUS plans organic growth

PLUS Expressways Bhd #150; whose wholly-owned subsidiary, Project Lebuhraya Utara-Selatan Bhd (PLUS), is the toll concession owner for the North-South Expressway (NSE) and New Klang Valley Expressway (NKVE) #150; is looking for organic growth from within its current concession as well as from outside.

Renong to resume project talks

RENONG Bhd wants to resume talks with Vivendi Universal, which have been delayed by the war in Iraq, to set up a theme park in Johor before a letter of intent for the project expires in June.

Boost for biotech sector

THE local biotechnology industry received a boost yesterday with the launch of a RM114mil venture capital fund by Spring Hill Bioventures Sdn Bhd.