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Business 29 Apr 2003 | 12:00 AM

AIA targets RM30mil in premiums from new plan

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.

Business 15 May 2003 | 12:00 AM

Siemens looking for more turnkey rail projects in Asia

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.

Business 24 May 2003 | 12:00 AM

Rangkaian Segar sees 30% cost savings

RANGKAIAN Segar Sdn Bhd expects to save 20% to 30% in its operational cost when all highway operators start using Touch #039;n Go card effective June 1.

Business 31 Jul 2003 | 12:00 AM

News in brief


Business 26 Aug 2003 | 12:00 AM

Sri Lanka Railway seeks US$200mil

Sri Lanka's railway said it is seeking US$200mil from a foreign investor to replace decades-old coaches and tracks, and to buy faster engines to help the 139-year-old company post its first profit since 1943.

Business 19 Sep 2003 | 12:00 AM

Company finalising talks on sale of Intrakota

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.

Business 14 Oct 2003 | 12:00 AM

KLIG confirms talks with govt

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.

Business 31 Oct 2003 | 12:00 AM

Govt plans better public transportation by 2005

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.

Business 31 Oct 2003 | 12:00 AM

Utility projects major contributor to economy

INFRASTRUCTURE and utility projects continued to contribute to economic growth through linkages and spillover benefits during the review period.

Business 31 Oct 2003 | 12:00 AM

Joint venture to manage Klang Valley public transport

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.