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ECRL spending comes under scrutiny
KUALA LUMPUR: The RM55bil East Coast Rail Link (ECRL) project is now under the spotlight with the top brass of Malaysia Rail Link, the company handling the project, been summoned to Putrajaya to explain financial details on the mega railway job to the new administration. It is learnt that so far that around RM10bil has been drawn down for the 688km railway project, while construction work progress stood at 13% as on March this year.
Toll dilemma
PETALING JAYA: With the Government expected to make announcements on changes to toll charges on expressways, attention will be focused on the impact this may have on concessionaires and the national finances.
ECRL – a Hobson’s choice
ALONG the old road towards Bentong from Bukit Tinggi, a large clearing with the sign of the East Coast Rail Link (ECRL) is visible. There is a batching plant, excavators, fabrication yard and workers’ quarters, among others, at the construction site.
Good riddance GST, hello again SST
The 40-year old sales and service tax is coming back after a three-year absence
Daim indicates he will not stay beyond 100 days
KUALA LUMPUR: The chairman of the Council of Eminent Persons (CEP) Tun Daim Zainuddin wants to complete the task mandated to him and the council before the first 100 days of the new government and leave.
UOB Kay Hian downgrades construction to ‘market weight’
PETALING JAYA: UOB Kay Hian Malaysia Research has downgraded the construction sector to “market weight” for its lack of growth drivers. The brokerage put its “overweight” call on the building material sector under review.
Daim: I want to complete task before first 100 days and leave
KUALA LUMPUR: The chairman of the Council of Eminent Persons (CEP) Tun Daim Zainuddin wants to complete the task mandated to him and the council before the first 100 days of the new government and leave.
Provide factual statistics on Malaysia’s ongoing projects
KUALA LUMPUR: Financial statistics made available to the public and related to Malaysia’s ongoing projects, including the East Coast Rail Link (ECRL) must be factual, with no hiding the details, said Financial Services Professional Board (FSPB) Chairman, Tan Sri Mohd Munir Abdul Majid.
Munir: Provide factual statistics on Malaysia’s ongoing projects
KUALA LUMPUR: Financial statistics made available to the public and related to Malaysia’s ongoing projects, including the East Coast Rail Link (ECRL), must be factual, with no hiding of the details, said Financial Services Professional Board (FSPB) chairman, Tan Sri Mohd Munir Abdul Majid.
