Loke says LRT3 contractor may face over RM475m penalties, vows accountability over delays
Light Rail Transit 3 (LRT3)’s main contractor could face penalties of more than RM475 million due to project delays, Transport Minister Anthony Loke said.
Govt reviewing proposal to complete beleaguered MEX II highway project, says minister
“The government is currently reviewing the proposal before presenting it to the Cabinet for a decision.”
LRT3 set to operate from June 2026, Loke tells Dewan Negara
Transport Minister Anthony Loke told the Dewan Negara on Monday that the delayed Light Rail Transit 3 (LRT3) line is set to be operational by June this year.
High cost derails Putrajaya's proposed trackless tram system
Preliminary findings estimated the total cost of implementing the ART system—including infrastructure development, system installation, operations and maintenance—at RM211.95 million over a 10-year period.
PNB to independently assess Sunway’s takeover bid for IJM, says Fadillah
Permodalan Nasional Bhd (PNB), one of the substantial shareholders of IJM Corporation Bhd (KL:IJM), will evaluate the takeover offer for the construction company before making any decision, Deputy Prime Minister Datuk Seri Fadillah Yusof said on Wednesday.
Sentoria goes to court to cancel OCBC bank guarantees, files RM679 mil claim
Sentoria said the writ has yet to be served on OCBC Bank and is expected to be served within six months from the date of lodgement.
GuocoLand shares suspended Tuesday pending announcement
Shares of GuocoLand (Malaysia) have climbed 59.8% since the start of the year. The stock last traded at 93.5 sen, the highest since 2018, for a market capitalisation of RM654.9 million.
YNH Property defers perpetual bond coupon payments to conserve cash
YNH Property Bhd (KL:YNHPROP) said on Friday it has exercised its contractual right to defer upcoming coupon payments under its RM750 million unrated perpetual securities programme as part of efforts to conserve cash and strengthen liquidity.
Sentral REIT posts lower 4Q NPI on higher costs, declares DPU of 2.99 sen
Sentral REIT (KL:SENTRAL) posted a slight decline in net property income (NPI) in the fourth quarter, weighed down by higher operating expenses and lease accounting under MFRS 16.
ECRL fare structure to be finalised by year-end, says Loke
The fare structure for Malaysia’s East Coast Rail Link (ECRL) is expected to be finalised by the end of this year, Transport Minister Anthony Loke said.
