Notifications: Please note the China report for January 2025 will be published on February 5, 2024, on the account of CNY holidays. Jan 31: Thai USS trade - THB 72-THB 72.5/kg ex works Jan 31: Thai feild latex trade - THB 66-THB 66.5/kg ex works Jan 31: Thai cup lump trade - THB 60-THB 60.5/kg ex works Jan 22: Thai RSS 3 February/March offer - US$2510-US$2520/mt CFR China Jan 22: Thai latex February/March offer - US$1690-US$1700/mt CFR China Jan 22: SVR3L February/March offer - US$2040-US$2050/mt CFR China Jan 22: SVR 10 February/March offer - US$1950-US$1960/mt CFR China Jan 22: STR 20 Mixture February/March offer - US$2050-US$2060/mt CFR China Jan 22: SMR 20 mixture February/March offer - US$2030-US$2040/mt CFR China Jan 22: SIR 20 mixture February/March offer - US$1985-US$1995/mt CFR China Jan 21: Thai RSS 3 February/March offer - US$2500-US$2520/mt CFR China Jan 21: Thai latex February/March offer - US$1690-US$1700/mt CFR China Jan 21: SVR3L February/March offer - US$2050-US$2060/mt CFR China Jan 21: SVR 10 February/March offer - US$1960-US$1990/mt CFR China Jan 21: STR 20 Mixture May/June trade - US$2035-US$2040/mt CFR China Jan 21: STR 20 Mixture February/March offer - US$2040-US$2060/mt CFR China Jan 21: SMR20 Mixture March trade - US$1995-US$2000/mt CFR China Jan 21: SMR 20 mixture February/March offer - US$2020-US$2030/mt CFR China Jan 21: SIR 20 mixture February/March offer - US$1985-US$1995/mt CFR China Jan 21: SIR 20 April trade - US$195-US$1950/mt CFR China4 Jan 21: SIR 20 March/May bid - US$1950-US$1950/mt FOB BLW, SBY Jan 20: SIR 20 March/April trade - US$1940-US$1940/mt FOB BLW, SBY Jan 20: SIR 20 March/April offer - US$1960-US$1960/mt FOB BLW, SBY Jan 20: AFR10 February/March offer - US$1935-US$1940/mt CFR China
background

Berjaya still eyeing KL-S'pore HSR, awaiting Putrajaya's decision, says Vincent Tan

17 Jan 2025, 18:21 PM SGT

Back to News


main news image

PORT KLANG (Jan 17): Berjaya Corp Bhd (KL:BJCORP) remains committed to participating in the Kuala Lumpur-Singapore high-speed rail (HSR) project. However, the project’s progression depends on the government's decision-making process and financial conditions, said the group's founder Tan Sri Vincent Tan Chee Yioun.

“We tried to be in the consortium, but the government is still tidak tentu (undecided on the railway project),” he said.

“The HSR is a costly project…as a responsible government, they should carefully evaluate the country’s financial situation before committing to such significant spending,” he added.

Last Friday, Tan was quoted as saying that Berjaya Group is seeking a new partner as it bids for a proposed multibillion-dollar HSR line between Kuala Lumpur and Singapore, after Malaysian Resources Corp Bhd (KL:MRCB) withdrew from the consortium.

The rail line project was earlier estimated to cost as much as RM100 billion as a government-funded project.

However, the government has decided that the HSR project can be revived if there is full participation from the private sector, with minimal government involvement.

Malaysia’s government already shortlisted three of seven consortiums that submitted proposals after issuing a request for information in 2023, Transport Minister Anthony Loke Siew Fook said in July, declining to identify the companies involved.

The consortium involving Berjaya Group via Berjaya Rail Sdn Bhd also includes Keretapi Tanah Melayu Bhd, IJM Corp Bhd (KL:IJM), and technical partners such as Deutsche Bahn AG, Hitachi Rail and Hyundai Rotem Co, Berjaya said in December.

Other consortium cited by The Edge include YTL Corp Bhd (KL:YTL) via wholly owned YTL Construction Sdn Bhd together with SIPP Rail Sdn Bhd. 

Tan was responding to the press during his visit to Pulau Ketam, where he donated RM250,000 to support three local schools and five temples in efforts to improve the quality of life for the island's residents.

"It is a great pleasure to be here for the first time in Pulau Ketam. I am pleased to make this donation with the hope that it will contribute to the continued growth of local schools, support community associations, and enhance the well-being of our elderly residents. Education is a vital foundation for a prosperous future, and together, we can help create a stronger and more connected community for all," he said.

Edited ByAdam Aziz

Source: https://theedgemalaysia.com