KUALA LUMPUR (Jan 9): Transport Minister Anthony Loke Siew Fook said Prasarana Malaysia Bhd ought to improve the monitoring of the quality of work done by its contractors to resolve issues of facility malfunctions in railway stations, and blacklist those who underperform. “The monitoring process has to be better. Of course, this is something that…
Read MoreRENTS across Malaysia increased by 5.5% in 2023, according to data from a newly released index. Rents were now 7.4% higher than during the pandemic’s worst phase, suggests the Malaysia Home Rental Index by real estate agent network IQI, a member of Juwai IQI. In the fourth quarter, it said that rents fell by 1.2%…
Read MoreRENTS across Malaysia increased by 5.5% in 2023, according to data from a newly released index. Rents were now 7.4% higher than during the pandemic’s worst phase, suggests the Malaysia Home Rental Index by real estate agent network IQI, a member of Juwai IQI. In the fourth quarter, it said that rents fell by 1.2%…
Read MoreKUALA LUMPUR (Jan 9): Hong Leong Investment Bank Research (HLIB) has maintained its “buy” rating on OSK Holdings Bhd, with a higher target price of RM2.04 (from RM1.77) based on a 30% discount to a revised sum of part-derived valuation of RM2.91. In a note on Tuesday, the research house said it anticipates a…
Read MoreKUALA LUMPUR (Jan 9): The government has increased the allocation for the My50 travel pass to RM200 million in 2024 to accommodate increasing demand, said Transport Minister Anthony Loke Siew Fook. According to him, the total number of My50 travel pass subscribers jumped 55% to 2.18 million in 2023, from 1.41 million subscribers in 2022….
Read MoreKUALA LUMPUR (Jan 9): Transport Minister Anthony Loke Siew Fook reiterated the government’s commitment to proceeding with the Mass Rapid Transit 3 (MRT3) project. He emphasised that MRT3 is already planned and will be executed. “The Ministry of Transport is in progress of land acquisition for the MRT3 line, but the decision on when to…
Read MoreKUALA LUMPUR (Jan 9): Permodalan Nasional Bhd’s (PNB) partnership with impact group Think City saw the second cycle of the Merdeka 118 Community Grants Programme, which kicked off in December 2022, receive a total of 43 applications, of which 11 were shortlisted for in-depth evaluation by the Technical Advisory Panel. In a statement on Tuesday,…
Read MoreTA Securities says SP Setia can still achieve its FY2023 sales target of RM4.2 billion despite the termination of the Tebrau land deal. (Setia pic) PETALING JAYA: SP Setia Bhd has been downgraded by research houses after its agreement to sell land in Johor to Scientex Bhd’s subsidiary was aborted owing to failure to get…
Read MoreKUALA LUMPUR (Jan 8): RHB Retail Research said Ekovest Bhd is resuming the bullish movement after it climbed above the strong resistance. In a trading stocks note on Monday, the research house said the stock broke past the 54 sen resistance as the bullish momentum is picking up. “A follow-through of the positive price action…
Read MoreKUALA LUMPUR (Jan 4): Negligence by the contractor led to the Dec 12 railway track crane collapse incident in Rawang, resulting in over RM2.4 million in losses for Keretapi Tanah Melayu Bhd (KTMB), Transport Minister Anthony Loke Siew Fook said. Revealing the findings of the investigation into the incident on Thursday, he said the contractor…
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