The Malaysian Pulse
Beat of the Nation
Sun, 22 Sep 2019, 6:47 PM
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Topic: RM44bil

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Fitch Research sees FDI into Malaysia picking up
KUALA LUMPUR: Fitch Solutions Macro Research expects foreign direct investment (FDI) into Malaysia to likely to continue picking up over the coming quarters...
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Lim: No plans to bring back GST
KUALA LUMPUR: The government will not be bringing back the Goods and Services Tax (GST), said Finance Minister Lim Guan Eng.
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Guan Eng: No, govt will not be bringing back GST
KUALA LUMPUR: The government will not be bringing back the Goods and Services Tax (GST), says Finance Minister Lim Guan Eng.
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Loke seeks more allocation for travel passes in Budget 2020
KUALA LUMPUR: The Finance Ministry should provide more allocations for the My50 and My100 unlimited monthly travel passes in Budget 2020, given the success...
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Loke: No need to review ECRL
KUALA LUMPUR: There is not need to review the East Coast Rail Link (ECRL) project because the government has already done so, says Transport Minister Anthony...
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SunCon proposes first interim dividen of 3.5 sen
KUALA LUMPUR: Sunway Construction Group Bhd (SunCon) has proposed a first interim dividend of 3.5 sen per share for the financial year ending Dec 31, 2019 – a more than 60% payout from its year-to-date profit after tax and minority interest.
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China, Malaysia restart massive Belt and Road project after hiccups
DUNGUN: China and Malaysia resumed construction on a massive "Belt and Road" train project in northern Malaysia on Thursday, after a year-long suspension and following a rare agreement to cut its cost by nearly a third to about $11 billion.
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Contractors could secure up to RM11bil in ECRL
PETALING JAYA: Local contractors could secure between RM8.8bil and RM11bil in civil work contracts from the RM44bil East Coast Rail Link (ECRL), which is set to be relaunched at the end of the month.
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There’s no downsizing of ECRL project, says Loke
THERE is no downsizing of the East Coast Rail Link (ECRL) project, says Anthony Loke who reiterates that the government managed to reduce the project cost to RM44bil from its original RM65.5bil.
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Loke: No downsizing of ECRL project; cost reduced by RM21.5bil
KUALA LUMPUR: The Transport Ministry has denied in Parloiament there has been a downsizing of the East Coast Rail Link (ECRL) project, and reiterated that it managed to reduce the cost to RM44bil from its original cost of RM65.5bil.
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ECRL may be re-launched July 25, says Loke
KUALA LUMPUR: The newly revived East Coast Rail Link (ECRL) project may be celebrated in a re-launch ceremony on July 25, says Transport Minister Anthony Loke.
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China factor missing from Bursa Malaysia
PETALING JAYA: Warming relations between China and Malaysia, along with the resurrection of China-linked projects such as the RM44bil East Coast Rail Link (ECRL) and the RM140bil Bandar Malaysia project, are catalysts that have yet to be factored into the Malaysian stock market.
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Recession fears hit Asian region including Singapore
TALK of recession has hit the region, and near home, Maybank Kim Eng Research is flagging that possibility for Singapore in the next quarter.
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Landowners affected by ECRL project will be compensated, says Loke
JELEBU (Bernama): Owners of private land acquired for the development of the East Coast Rail Link (ECRL) project will be duly compensated, says Anthony Loke.
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Cement stocks rally on ECRL prospects, Greatech surges on debut
KUALA LUMPUR: Shares of cement players Lafarge Cement and Tasek rallied on Thursday on the East Coast Rail Link (ECRL) projects while Greatech surged on its trading debut on the ACE Market.
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1,321 submissions received for ECRL civil works
KUALA LUMPUR: A total of 1,321 local firms have submitted their interest in participating in the civil works portion of the East Coast Rail Link (ECRL) project.
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Friends throughout the ages
WHEN the great Malay admiral Hang Tuah first set foot in ancient China, he observed the wealth of the country through the thousands of lanes in the city of Hainam paved in white stones “smooth as co...
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ECRL pre-Q exercise to be held at end-May
KUALA LUMPUR: Malaysia Rail Link Sdn Bhd (MRL) said it will hold a pre-qualification (pre-Q) exercise at the end of the month for local contractors seeking to participate in the 640-km East Coast Rail Link (ECRL) project.
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MRL to hold ECRL pre-qualification end of May
KUALA LUMPUR: Malaysia Rail Link Sdn Bhd (MRL) said it will hold a pre-qualification (pre-Q) exercise at the end of the month for local contractors seeking to participate in the 640-km East Coast Rail Link (ECRL) project.
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Malaysia Rail Link: Improved ECRL deal driven by transparency, accountability
KUALA LUMPUR: The improved deal for the 640-km East Coast Rail Link (ECRL) project is rakyat-centric and driven by transparency and accountability, Malaysia Rail Link Sdn Bhd (MRL) said.
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Kelantan, the Opposition state Pakatan does not want to sideline
KOTA BARU: Although Kelantan voters gave Pakatan Harapan a knockout blow in the 14th General Election, the coalition which captured Putrajaya is apparently determined not to sideline the state that as been under PAS rule for almost three decades.
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ECRL to contribute to economic growth
KUALA LUMPUR: The RM44bil East Coast Rail Link (ECRL) is expected to contribute 2.7% to Malaysia’s economic growth, according to MIDF Research.
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Lafarge to resume cement supply to ECRL
KUALA LUMPUR: Lafarge Malaysia Bhd can resume supplying cement for all eight packages of work for the proposed East Coast Rail Link (ECRL) project.
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Malaysia set to see new wave of China FDI
We can expect a fresh stream of investments from China following the revival of ECRL and Bandar Malaysia, as well as Dr Mahathir’s recent productive trip to Beijing.
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RHB Research sees economy picking up in H2
KUALA LUMPUR: RHB Research expects a pick up in construction activity with the resumption of the East Coast Rail Link (ECRL) and Bandar Malaysia projects will have multiplier effects while an improvement in exports growth will see the economy picking up in the second half of 2019.
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PM: Centre to make it easier for foreign investors to trade in M’sia
BEIJING: A one-stop centre will be set up in Malaysia to make it easier for foreign investors to trade in the country, says Prime Minister Tun Dr Mahathir Mohamad.
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Dr M arrives in Beijing for Belt and Road forum
BEIJING: Prime Minister Tun Dr Mahathir Mohamad and his wife Tun Dr Siti Hasmah Mohd Ali have arrived at the Beijing Capital International Airport here.
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Dr M to be present at two significant MoU signings during official visit to China
BEIJING: A memorandum of understanding related to the East Coast Rail Link (ECRL) is among two significant documents to be signed during Tun Dr Mahathir Mohamad's official visit to China.
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‘Land not given to China’
PUTRAJAYA: Allegations that 4,500 acres (1,821ha) of land will be given to China for free in the re-negotiation of the East Coast Rail Link (ECRL) contract are incorrect, said Finance Minister Lim Guan Eng.
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AmInvest Research positive on Bandar Malaysia, firm Malaysia-China ties
KUALA LUMPUR: AmInvestment Bank Research is maintaining its end-2019 FBM KLCI target of 1,820 and sees the market already at the bottom.
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Bandar Malaysia to take off again
KUALA LUMPUR: Fresh from announcing the resumption of the RM44bil East Coast Rail Link (ECRL) project, the government has announced that the stalled Bandar Malaysia project will be revived.
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ECRL project offers opportunities to local contractors, says Daim
KUALA LUMPUR: The renegotia­ted East coast Rail Link (ECRL) project offers plenty of opportunities to local contractors, including bumiputra, in public works like supplies and technical aspects, said Tun Daim Zainuddin.
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Daim: Renegotiated ECRL offers plenty of opportunities to local contractors
KUALA LUMPUR (Bernama): The renegotiated East Coast Rail Link (ECRL) project offers plenty of opportunities to local contractors, including bumiputras, in public works like supplies and technical aspects, says Tun Daim Zainuddin.
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Economy seen to recover in H2 after slow first quarter
PETALING JAYA: The Malaysian economy will bounce back in the second half after registering what is expected to be the slowest quarterly expansion since the second quarter of 2016 during the first three months of the year.
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ECRL price tag can come down even further, says Daim
KUALA LUMPUR (Bernama): Tun Daim Zainuddin has expressed confidence that the price tag for the East Coast Rail Link (ECRL), which was reduced by RM21.5bil to RM44bil, is highly likely to come down even further.
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Construction counters drop as traders take profit
PETALING JAYA: Construction counters took a dip even as prospects of the sector looked positive following the revival of the East Coast Rail Link (ECRL) project.
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Focus of new tenders in revised ECRL in south, says CIMB Research
KUALA LUMPUR: The main focus for tenders in the revised East Coast Rail Link (ECRL) would be the realignment from Mentakab into Negeri Sembilan and Selangor, CIMB Equities Research says.
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ECRL project revival to benefit many sectors
PETALING JAYA: The revival of the East Coast Rail Link (ECRL) project is set to benefit local rail-based construction players, create a spillover effect for local port operators and potentially open up corridors for property development routes.
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New ECRL deal may become a case study for others
PETALING JAYA: Malaysia’s success in renegotiating with China for better contract terms on its East Coast Rail Link (ECRL) project may open a floodgate for the review of other projects under China’s ambitious Belt and Road Initiative (BRI).
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Dr M: We also got partial refund from earlier advance payment
PUTRAJAYA: Malaysia made significant success in renegotiating the East Coast Rail Link (ECRL) project with China, where apart from bringing down the construction cost, the government has also managed to get partial refund from the advance payment made by the previous administration.
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Local contractors want full packages under ECRL
PETALING JAYA: Local contractors want the government to ensure “full complete packages” of work under the revived RM44bil East Coast Rail Link (ECRL) project
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PM: Revised ECRL deal raises local role to 40% of works
KUALA LUMPUR: The revised East Coast Rail Link (ECRL) will see Malaysian contractors having a 40% participation in the RM44bil project, says Tun Dr Mahathir Mohamad.
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Dr M: Govt renegotiated ECRL to avoid paying RM21.78bil termination fee
PUTRAJAYA: The government decided to go back to the negotiation table on the East Coast Rail Link (ECRL) project because its termination would cost RM21.78bil with “nothing to show for it”, says Prime Minister Tun Dr Mahathir Mohamad.
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Terengganu not left out of ECRL route, says Daim
KUALA TERENGGANU: Six East Coast Rail Link (ECRL) stations will be built in Terengganu, hence proving that the state is not being bypassed in the implementation of the project as alleged by some quarters, says Tun Daim Zainuddin.
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Daim: Terengganu not bypassed, to have six ECRL stations
KUALA TERENGGANU (Bernama): Six East Coast Rail Link (ECRL) stations will be built in Terengganu, which proves that the state is not being bypassed in implementing the project as alleged by some parties, says Tun Daim Zainuddin.
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ECRL savings worth 50 Negri annual budgets
SEREMBAN: The new alignment of the East Coast Rail Link (ECRL) project avoids the Titiwangsa Range for cost savings, says Transport Minister Anthony Loke.
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Kok hopes PM will get more palm oil sales from China
PUTRAJAYA: Prime Minister Tun Dr Mahathir Mohamad has been asked to negotiate for more palm oil sales for Malaysia when he goes for the upcoming One Belt One Road seminar next month, says Primary Industries Minister Teresa Kok.
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ECRL is up and running again
BEIJING: It is confirmed – Malaysia has managed to bring down the construction cost of the East Coast Rail Link (ECRL) project by RM21.5bil, which is almost a third of the original cost.
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Pahang govt glad ECRL project will continue
KUANTAN: Pahang Mentri Besar Datuk Seri Wan Rosdy Wan Ismail has expressed the state government's gladness over the continuation of the East Coast Rail Link (ECRL) project.
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Wee: Is Malaysia negotiating with China or Taiwan on ECRL?
PETALING JAYA: Is Malaysia negotiating with China or Taiwan on the East Coast Rail Link (ECRL) asks MCA president Datuk Seri Dr Wee Ka Siong.
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AmInvest Research sees ECRL revival positive for construction, building material sectors
KUALA LUMPUR: AmInvestment Research sees the revival of the East Coast Rail Link (ECRL) as positive to both the construction and building material sectors but it is “no game-changer” to these industries.
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Daim: RM21.5bil savings from ECRL enough to build two Twin Towers
BEIJING: The RM21.5bil that Malaysia is saving with the renewed East Coast Rail Link (ECRL) project is enough to build two more Petronas Twin Towers, says Tun Daim Zainuddin.
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ECRL project is back on, supplementary deal signed
PUTRAJAYA: Malaysia Rail Link Sdn Bhd and China Communications Construction Company Ltd have signed a supplementary agreement that will pave the way for the resumption of the East Coast Rail Link (ECRL) project.
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