<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 30): The transport ministry says it is too early to quantify the cost savings after the Land Public Transport Commission (SPAD) is abolished and a new agency called the Land Public Transport Agency (APAD) is set up.</p></div>

<div class=newsTextDataWrapInner><p>SPAD's disbandment, said the ministry, should contribute to savings in the government's financial allocations because the commission's functions can be taken over by existing agencies and officials.</p></div>

<div class=newsTextDataWrapInner><p>"However, the amount of cost savings cannot be determined (yet), as the structural process has not been finalised," the ministry said in a written parliamentary reply to William Leong (PH-Selayang).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Leong wanted to know the cost and benefits of the government's decision to disband SPAD and establish APAD.</p></div>

<div class=newsTextDataWrapInner><p>On June 6, the transport ministry said APAD will be spearheaded by a director-general to implement policies on the development of the land public transport sector in the country after SPAD's abolishment.</p></div>

<div class=newsTextDataWrapInner><p>APAD will play its role in the planning and development of the land public transport sector, particularly in relation to rail transportation and bus systems.</p></div>


KUALA LUMPUR (July 30): The transport ministry says it is too early to quantify the cost savings after the Land Public Transport Commission (SPAD) is abolished and a new agency called the Land Public Transport Agency (APAD) is set up.

SPAD's disbandment, said the ministry, should contri...

Ministry says too early to determine cost savings from SPAD's disbandment

BENGALURU (April 24): Bharti Airtel is not in talks to buy UK-based Vodafone Group's 21.05% stake in Indus Towers, the Indian telecom operator said on Wednesday, after a newspaper reported that it was eyeing the stake.

The Economic Times said in a report that if the deal went through, V...

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One of the world’s busiest land checkpoints is set to become less congested as Malaysians travelling to Singapore on factory buses will be able to clear immigration through QR code.

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Bursa Malaysia remained in positive territory at the midday break on Wednesday, supported by continuous buying in selected heavyweight counters, especially in the telecommunications and media sectors.

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A Myanmar rebel group has withdrawn its troops from a town along the Thai border following a counteroffensive by soldiers of the ruling junta from whom the rebels had this month wrested the key trading post, an official said on Wednesday.

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Haily Group Bhd shares continued their uptrend on Wednesday to a near all-time high, after the construction outfit won a RM109.5 million contract for terrace houses in Pontian, Johor.

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German Chancellor Olaf Scholz and Finance Minister Christian Lindner both expressed scepticism on Tuesday about reforming the country's 'debt brake', but Bundesbank president Joachim Nagel said he saw scope for adjustments.

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<p>Rakuten Trade said NationGate Holdings Bhd may extend its upward trajectory after breaking out from its one-month rectangular pattern on Tuesday.</p>


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<p>Farm Price Holdings Bhd on Wednesday began taking orders from investors for its initial public offering (IPO) on the ACE Market to raise up to RM32.4 million.</p>

<p>The IPO, priced at 24 sen apiece, involves a public issuance of 102 million new shares as well as an offer for sale of 33 million existing shares, according to its prospectus. All in, the listing offers investors a 30% stake in the Johor-based wholesalers and vegetables distributor.</p>


<p>RHB Retail Research said Censof Holdings Bhd is observing a technical breakout after climbing above the 26.5 sen immediate resistance on surging trading volume.</p>


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<p>Meta Bright Group Bhd said its wholly owned subsidiary FBO Land (Serendah) Sdn Bhd and Doople Tech Sdn Bhd have entered a solar supply agreement with Cherengin Hills Sdn Bhd, following its recent collaboration with Doople to form a joint venture (JV) company to bid for renewable energy (RE) projects with a Bumiputera equity requirement.</p>


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<p>Capital A Bhd’s board of directors has decided to extend Tan Sri Tony Fernandes'&nbsp;tenure as the chief executive officer for another five years, and as a strategic adviser to the airlines business, which is poised to be merged into AirAsia X Bhd.</p>


<p>Haily Group Bhd shares continued their uptrend on Wednesday to a near all-time high, after the construction outfit won a RM109.5 million contract for terrace houses in Pontian, Johor.</p>


<p>Shares of construction and engineering contractor Crest Builder Holdings Bhd climbed on Wednesday after bagging a RM486 million condominium project in Mont Kiara.</p>


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<p>Sunway Putra Hotel Kuala Lumpur marked the commencement of its lobby area refurbishment with a ground-breaking ceremony.</p>


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<p>This was supposed to be the year that Vietnam reaped the benefits from one of its largest natural gas discoveries.</p>


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<p>(April 24): JPMorgan Chase CEO Jamie Dimon said the U.S. economy was booming and consumer spending continued to be resilient.</p>

<p>The U.S. economic boom is "unbelievable," Dimon told the Economic Club of New York on Tuesday. "Even if we go into recession, the consumer's still in good shape,...