<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 27): The cost behind abolishing four tolls under PLUS Malaysia Bhd's concessionaires would be an extended tenure to the company's other toll collection points, according to Second Finance Minister Datuk Seri Johari Abdul Ghani.</p></div>

<div class=newsTextDataWrapInner><p>At the Parliament's lobby after the Budget 2018 presentation by Prime Minister Datuk Seri Najib Razak today, Johari told pressmen that the government is not making any cash compensation to the toll concessionaires with the toll collection tenure being extended.</p></div>

<div class=newsTextDataWrapInner><p>"We will restructure some of the existing tolls that we have not abolished; maybe we extend some of their tenure, to compensate back these tolls that we are going to abolish.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"The government will not pay anything, we just extend the tenure in the existing toll (under Plus) that they are still operating," he added.</p></div>

<div class=newsTextDataWrapInner><p>Earlier, Najib said the government will scrap toll collection for vehicles crossing Batu Tiga and Sungai Rasau in Selangor from Jan 1, 2018 onwards.</p></div>

<div class=newsTextDataWrapInner><p>The Bukit Kayu Hitam toll in Kedah, as well as that of the Eastern Dispersal Link (EDL) in Johor will also be abolished beginning 2018.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (Oct 27): The cost behind abolishing four tolls under PLUS Malaysia Bhd's concessionaires would be an extended tenure to the company's other toll collection points, according to Second Finance Minister Datuk Seri Johari Abdul Ghani.

At the Parliament's lobby after the Budge...

PLUS concession will be restructured as tolls are scrapped, minister says

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<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.</p>


Sime Darby Plantation, Pekat, Siab, OCK, Sapura Energy, CTOS, Awantec, Mobilia, Prolintas, Power Root

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<p>Urusharta Jamaah Sdn Bhd (UJSB) — a special purpose vehicle established under the Ministry of Finance to rehabilitate, restructure and monetise underperforming assets transferred to it from Lembaga Tabung Haji — has emerged as a substantial shareholder in Prolintas Infra Business Trust.</p>


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<p>Global sales of semiconductors jumped 15.2% year-on-year (y-o-y) to US$137.7 billion (RM653.24 billion) during the first quarter of 2024, according to the US-based Semiconductor Industry Association (SIA).</p>


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<p>Apple Inc unveiled a new artificial intelligence-focused iPad Pro and a larger iPad Air, aiming to reinvigorate a tablet lineup that has languished over the past two years.</p>


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<p>Home furniture maker Mobilia Holdings Bhd is planning to issue up to 218.75 million free warrants (Warrants-B), on the basis of one Warrant-B for every four existing shares held by entitled shareholders.</p>


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<p>Wall Street pared earlier gains on Tuesday after equity markets elsewhere rallied as investors parsed when and by how much the Federal Reserve (Fed) cuts interest rates this year, while a resurgent dollar helped weaken the yen further.</p>


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<p>The head of Saudi Arabia’s new investment fund for semiconductor and artificial intelligence (AI) technology said the country would divest from China if it were asked to do so by the US.</p>


<p>Australia said on Wednesday it would raise the amount of savings international students will need to get a visa and warned several colleges of fraudulent student recruitment practices, as part of efforts to rein in record migration.</p>
