News by Adam Aziz

The focus remains on properties sought by the manufacturing and logistics sector, the management guided during its press briefing today, noting the persistent demand for such properties presently.

In a statement issued this evening, Khazanah said PLUS and itself will announce further details of the toll restructuring initiative after further consultation with the government and other key stakeholders.

In separate filings to Bursa Malaysia today, MMC Corp and Gamuda said their joint venture (JV) unit MMC Gamuda KVMRT (PDP SSP) Sdn Bhd (MMC-Gamuda) has entered into a supplemental agreement to the PDP agreement with Mass Rapid Transit Corp Sdn Bhd (MRT Corp).

In a statement today, the PMO said the government will implement an 18% reduction in toll charges on private vehicles plying PLUS-owned highways as early as Feb 1, 2020 to ensure there will be no toll rate hikes until the end of the 38-year concession between 2020 and 2058.

“Any decision on sale from a governance point of view needs to be done properly through the current owners of PLUS, that is Khazanah and EPF. That part has not started.”

The recordings painted a clearer picture on how the then-prime minister interfered with Malaysian authorities to avoid prosecution, and sought help from the United Arab Emirates to help his stepson Riza Aziz who had been named in a US Department of Justice civil suit. 

That was what Datuk Seri Najib Abdul Razak apparently told United Arab Emirates (UAE) Crown Prince on the night of July 22, 2016 — two days after the US Department of Justice (DoJ) filed a complaint to seize assets worth more than US$1 billion tied to money stolen from 1Malaysia Development Bhd (1MDB), where US authorities believe more than US$4.5 billion had been siphoned off.

"We are quite satisfied that the recordings were authentic."

The single-storey factory building and ancillary area including a single-storey office cum canteen, is located at Persiaran Raja Muda in Section 16 of the Selangor capital.

“Our order book is currently RM1 billion with bids for RM1 billion mostly for infrastructure projects,” explained TSR Capital executive director Joshua Lim. “We have our own fleet of machinery and we want to make use of that."