KLCI extends gains as global markets rise
Petrofac gets RM220m Carigali refurbishment job
Bursa Malaysia Derivatives launches revamped options on index futures
Willowglen MSC unit gets RM19.99m of jobs
Axiata edges up on positive 1Q earnings
UAC surges on Boustead privatisation plan
April inflation seen at 2.1% y-o-y, matches March level
Suaram slams prosecution of opposition leaders involved in Bersih rally
Categories
| Yeoh: KL-S’pore high-speed train essential |
| Business & Market 2009 | |||
| Written by Jose Barrock | |||
| Wednesday, 01 July 2009 11:17 | |||
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“I would like to see the high-speed train (service) take off even if YTL (Corp) is not involved in it,” Yeoh told reporters at Invest Malaysia yesterday. Yeoh’s YTL had mooted the construction of the RM10 billion high-speed train link a few years ago, but the plans were scuttled due to the damp economic environment. Asked if YTL would consolidate the property assets held by its unit YTL Land Bhd and various holdings in Singapore, Yeoh said: “YTL would do the right thing at the right time.” He noted that the YTL group had land assets with a gross development value of about RM25 billion. Yeoh also welcomed the government’s initiative to liberalise the Foreign Investment Committee regulations on land ownership as it would be difficult to realise land values otherwise. This article appeared in The Edge Financial Daily, July 1, 2009.
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