KLSE (MYR): MRCB (1651)
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Last Price
0.505
Today's Change
-0.01 (1.94%)
Day's Change
0.50 - 0.515
Trading Volume
10,958,900
2025-01-13
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2025-01-10
janetchiam8
156 posts
Posted by janetchiam8 > 2018-06-03 10:57 | Report Abuse
REALITY CHECK : THE HARD FACTS :-
Toll Will Not Be Abolished Until Malaysia’s Financial Situation Improves
MMO) – Pakatan Harapan’s (PH) promise to abolish road tolls will only be looked at once Malaysia’s financial situation improves, said Finance Minister Lim Guan Eng.
Hence EDL’s RM1.2B Sukuk loan will likely have to remain with MRCB. Means its borrowings/
Gearing have to remain high at >RM4B. Also in line with DAP’s policy which criticized it to be a bailout if the Govt also absorbs the Sukuk loan. (however it will receive fair compensation to cover its lost toll revenue + Sukuk interest cost)