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MUAR: Several mega projects that do not require additional funding will be continued to provide economic opportunities as the government seeks to boost the country's economy following COVID-19, Tan Sri Muhyiddin Yassin said.
KUALA LUMPUR: Malaysia will not pay any compensation to Singapore for the deferment of the Kuala Lumpur-Singapore High-Speed Rail (HSR) project as the decision was mutually agreed, said Senior Minister cum International Trade and Industry Minister (MITI) Datuk Seri Mohamed Azmin Ali.
KUALA LUMPUR: YTL Corporation’s 9MFY20 results were below expectations as its core net profit fell 82% on-year (YoY) impacted by Covid-19, movement control order (MCO) and the shutdown of the Rawang cement plant, CGS-CIMB Equities Research says.
JOHOR BARU: The Johor state government has introduced seven initiatives as part of its economic recovery plan post Covid-19 pandemic.
PETALING JAYA: The fundamentals of the construction sector will remain weak in the second half of this year as only about 25% of construction activity has been activated, post movement control order (MCO).
KUALA LUMPUR: CGS-CIMB Equities Research retained its Neutral oulook on the property sector due to the weak macro outlook, affordability issues and likely lower property sales.
JOHOR BARU: The development of public transportation infrastructure, status of the Johor Baru-Singapore Rapid Transit System (RTS) as well as progress on the state’s maritime sector were topics of discussions raised when Johor Ruler Sultan Ibrahim Ibni Almarhum Sultan Iskandar granted an audience to Transport Minister Datuk Seri Dr Wee Ka Siong.
HUAZONG (the Federation of Chinese Associations Malaysia) hopes the Kuala Lumpur-Singapore High Speed Rail (HSR) project, which has been suspended since 2018, could be revived, reported Sin Chew Daily.