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AMERICAN International Assurance (AIA) Malaysia, which recently launched I>Lifestyle 5,/Ia new protection plan that provides second medical opinions to policyholders, expects RM30mil in business premiums for the scheme for the financial year ending Nov 30, 2003.
SIEMENS AG expects to secure more turnkey rail projects in Asia, as major cities in the region search for effective solutions to their transportation woes.
DRB-HICOM Bhd is confident of wrapping up talks to sell its public transport business, Intrakota Consolidated Bhd, to Prasarana Negara Bhd, operator of the Starline and Putraline light rail transit, by the end of the year, according to group chairman Tan Sri Mohd Saleh Sulong.
KL MONORAIL operator KL Infrastructure Group Bhd (KLIG) has confirmed discussions were being held with the government that could eventually see the group or its holding company MTrans Holdings Sdn Bhd emerging as a key player in a consortium to manage an integrated public transport system for the federal capital.
THE government plans to reduce travel time within Kuala Lumpur to less than an hour when the restructuring of the public transport system in the Klang Valley is fully implemented by May 2005, special adviser to the Prime Minister, Tan Sri Nor Mohamed Yakcop said.
THE Government has appointed a new joint-venture company (newco) to manage the public transportation system for the Klang Valley that includes the city bus services operated by Park May Bhd and Intrakota Komposit Sdn Bhd as well as the PUTRA and STAR light rail transit (LRT) operations.