THE termination of the Kuala Lumpur-Singapore high-speed rail (HSR) project is a setback for the property developments that had hoped to tap the potential of the mega transport endeavour.
While there has been talk of having a domestic HSR from KL to Johor Baru, there is no certainty as to whether it will materialise in the near term. Thus, the gestation period for Bandar Malaysia the HSR terminus in KL and Vision Valley 2.0 projects could take longer than planned.
However, a corporate observer familiar with the Bandar Malaysia development is unfazed by the possible delay as a result of the termination. “This project is not going to happen in five years. So, what is the difference if it is extended by another five years? After all it is a 20- to 30-year project,” she tells The Edge.
KUALA LUMPUR (Dec 11): Based on corporate announcements and news flow today, stocks in focus for Monday (Dec 14) may include: IHH Healthcare Bhd, Bursa Malaysia Bhd, Guocoland (Malaysia) Bhd, JHM Consolidation Bhd, Ipmuda Bhd, Ekovest Bhd and PLS Plantation Bhd.
IHH Healthcare Bhd said it is ready to administer the coronavirus vaccine, once they are rolled out in the 10 countries it operates in.
Its managing director and CEO Dr Kelvin Loh Chi-Keon said the company has a trained staff count of 55,000 across 80 hospitals it runs from Turkey to Singapore, as well as cold-storage facilities required to store the shots.
Bursa Malaysia Bhd s Bursa Malaysia Derivatives (BMD) said it will relaunch the Mini FTSE Bursa Malaysia Mid 70 Index Futures (FM70) contract, which will incorporate several amendments to the contract specifications.