News about US

Comment by Liew Chin Tong on toll rates The announcement by PLUS Malaysia Bhd to reduce its toll rates by 18% is in line with Pakatan Harapan’s two-step election promise to (a) renegotiate unfair toll concessions, and (b) to gradually take over and eventually abolish tolls.

PETALING JAYA (Jan 18): The PKR disciplinary board has issued party vice-president Zuraida Kamaruddin (pictured) with a show-cause letter that has to be answered in 14 days from yesterday, media reports say today.

KUALA LUMPUR (Jan 18): IKEA is building a store with ‘no parking on site’ (pictured) in Vienna, Austria as the company “assumes that most people will arrive by train”.

We have heard Malaysians complaining about house prices soaring beyond reach.

KUALA LUMPUR (Jan 17): The  Employees Provident Fund of Malaysia (EPF) — which owns a 49% stake in PLUS Malaysia Bhd — supports the Government's decision not to sell the highway concessionaire, saying the move would facilitate the proposed lowering of toll rates on all of its highways by 18%.

KUALA LUMPUR (Jan 17): Khazanah Nasional Bhd, which owns 51% in PLUS Malaysia Bhd, hailed the Cabinet’s decision not to sell the highway concessionaire to the private sector and reducing toll charges by 18% for passenger vehicles on all PLUS highways.

KUALA LUMPUR (Jan 17): Six years ago, they each forked out the down payment and signed the sale and purchase agreement, but until today, the promised homes are still nowhere in sight.

KUALA LUMPUR (Jan 17): The Prime Minister's Office of Malaysia (PMO) said there will be no toll rate hikes on PLUS Malaysia Bhd's highways as PLUS' concessions will be extended for 20 years from 2038 to 2058.

PETALING JAYA (Jan 17): American multinational technology company Apple's official Instagram account shared a picture taken by local policeman Azmeer Iskandar yesterday.

KUALA LUMPUR (Jan 17): The restructuring exercise of PLUS Malaysia Bhd’s concession agreements to bring about toll rate reductions is believed to entail the securitisation of its future cash flow estimated at RM7.