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PETALING JAYA: MCA president Datuk Seri Dr Wee Ka Siong has criticised the Pakatan Harapan government over its decision to extend the PLUS toll concession period till 2058 instead of abolishing it as promised under its manifesto.
PETALING JAYA: Two parties which bid to take over toll concessionaire PLUS Malaysia Bhd showed opposing reactions to the Government's decision not to sell.
PETALING JAYA: The upcoming restructuring of Projek Lebuhraya Utara-Selatan (PLUS) Malaysia Bhd’s concession to enable a 18% toll rate cut and an extension to the toll period may be the benchmark deal for toll reduction plans involving other highways in Malaysia.
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has unveiled its new leadership line-up in a move to ensure greater operational efficiency across the board and further enhance performance levels.
KUALA LUMPUR: The Cabinet has decided that PLUS Malaysia Bhd, the country’s largest highway concessionaire, will not be sold to any bidders.
PETALING JAYA: Six highways will start lowering their tolls as early as Feb 1 and there will be no more toll hikes for the next 38 years, says the Prime Minister's Office.
KUALA LUMPUR: Malaysia’s sovereign fund and Telenor ASA have revived talks on a potential deal involving Axiata Group Bhd., people familiar with the matter said, just four months after the carriers scrapped negotiations on a broader merger of their Asian operations.
KUALA LUMPUR: Blue chips closed Friday on an upbeat note, underpinned by gains in telcos especially Axiata, and Petronas Dagangan.
KUALA LUMPUR: Khazanah Nasional Bhd said it will work closely with the government and PLUS Malaysia Bhd on the toll restructuring initiative to ensure it is implemented effectively for the benefit highway users, as well as other key stakeholders including holders of PLUS’ debt.
KUALA LUMPUR: The Employees Provident Fund (EPF), a shareholder of PLUS Malaysia Bhd and its Sukuk debts, said it will work with all parties involved to reduce toll rates as quickly as possible, while at the same time ensures that its interests are protected.