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PETALING JAYA: The public is unable to judge the Federal Government’s decision not to dispose Plus Malaysia Bhd, the country’s largest highway concessionaire, as a wise choice as there is little transparency in the way the deal was made.
FOR months, the question was who will get it. The bidding war for the prized asset that is PLUS Malaysia Bhd attracted bidders far and near, with many of the local personalities the ones that have eyed the expressway company before.
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.
PETALING JAYA: Hap Seng Consolidated Bhd has partnered with Naza TTDI to bring in a global hotel brand, Hyatt Regency, to the KL Midtown development project located near Jalan Duta in Kuala Lumpur.
PETALING JAYA: A review of the Mass Rapid Transit Line 3 (MRT3) or MRT Circle Line project, which was suspended earlier, is under way and various new funding options, including possibly getting real estate developers and owners to partially fund the project may be explored.
KUALA LUMPUR (Bernama): Police arrested four men and recovered 81 Hermes handbags worth RM6mil which the "Raju Gang" robbed from a bungalow in Jalan Duta on Oct 3.
PETALING JAYA: More motorists are making sure they have sufficient balance in their Touch ’n Go cards after PLUS Malaysia Bhd stopped offering card reload facilities at all toll plaza exit lanes since Tuesday.
KUALA LUMPUR: Most of the funds raised by 1Malaysia Development Bhd (1MDB), which were intended for the development of Kuala Lumpur International Financial District (KLFID) known as Tun Razak Exchange (TRX) and Bandar Malaysia, were pumped into PetroSaudi International Ltd (PSI) instead.
PETALING JAYA: RAM Ratings has reaffirmed the AA2 rating of Widad Capital Sdn Bhd’s (WCSB) sukuk murabahah programme of up to RM110mil in nominal value from stable to positive
KUALA LUMPUR: While several bids have been submitted by the private sector for the takeover of highway operator PLUS Malaysia Bhd, the government says it is yet to receive an “interesting” offe