Aax in the respective ASEAN countries will raise funds or help from the respective countries

Brent oil price is above usd31 per barrel today. Hedging oil price could be neutral, minimise losses if any :)

Think like jack Ma , think about survival this year, don't talk about making profit :)

Waiting for merger news with mas or govt's help like Singapore govt helping Sia :)

Be positive :)

Lending rate had been reduced, also help to cut AirAsia finance cost if any

Staff pay cut, unpaid, etc will mitigate AirAsia's losses in the short run

Leasing planes allow AirAsia the flexibility to reduce the number of planes leased probably

More people can't afford full service airlines, will fly cheaper alternative like AirAsia :)

endgame for BigPay? :p


Similarly, BigPay does not charge its users fees, except for ATM withdrawals. Its income is derived from a proportion of the transaction fee charged to merchants, plus interest of about 2% gained by parking users’ money in repurchase agreements or repo.

“Money from our customers sits in a segregated trust account and we’re allowed to put it in an overnight repo. We are trying to reduce or remove fees where we can, and where we cannot, be upfront and transparent on what we charge for, and why,” he adds.

Approximately two-thirds of BigPay transactions come from domestic spending while the rest is international. Most of its users are under 35 years of age.

Surprisingly, AirAsia-related transactions only represent roughly a tenth of its overall transaction volume, Davison discloses. This is despite anecdotal accounts of AirAsia imposing an additional charge on passengers who make booking payments online without using BigPay, which could have been expected to push many passengers to sign up for the service.

With a Singapore expansion looming and more offerings for Malaysian users, what is the endgame for BigPay?

leasing planes, less biz, lease less plane, a good proposition too. flexibility of the lease agreement, tak tau :)

go for IPO, Big Pay should fetch good valuation.

AIRASIA’s financial services venture, BigPay, will soon increase its offerings to include loans and remittances in its maiden step towards becoming the region’s largest financial institution operating on a challenger bank model.

BigPay already has the regulatory go-ahead to offer these services in Malaysia, says group CEO and co-founder Chris Davison in an interview. The rollout will come amidst plans to launch its services in Singapore by year-end.

“We already have a lending licence and we’re working on operationalising it ... by the end of the year, we’ll be offering loans. Remittance is coming soon ... in the next few months,” Davison tells The Edge.

“At that point, we’ll be very similar to a bank, except we have no branches and (are) built entirely on your smartphone,” he adds. “This means we can ship faster, better, more secure and customer-friendly products at a lower cost.”

The wider range of offerings is a much-anticipated next step for BigPay, which has grown rapidly since its Malaysian launch in January last year. The launch came less than a year after its beta trial of under 1,000 users, says Davison.

AirAsia Group Bhd (AAGB), the flagship listed vehicle of the budget airline group, became BigPay’s largest investor after the start-up pitched and presented its idea to the board in 2016.

“We saw the early emergence of challenger or new banks in London, with many people disenfranchised from access to banks, and saw the opportunity to bring this model to Southeast Asia,” says Davison, who hails from London where he previously worked in financial services.

Last Thursday, Bursa Malaysia-listed AAGB closed at RM1.83, declining 5.35% over the past 12 months. Its market capitalisation was roughly RM6.12 billion.

AAGB’s management has long decried the market’s zero value pegging of its non-airline businesses — ranging from BigPay to logistics venture Teleport — which seek to leverage its trove of passenger data. Last year, AAGB decided to reorganise its non-airline businesses into a single entity called RedBeat Ventures.

“We [BigPay] are probably worth about a third of AirAsia’s market capitalisation right now,” Davison muses, citing enquiries from private investors interested in the company, but was tight-lipped on other financial details.

“If we wanted, we could be profitable by the end of this year,” he replies when asked if BigPay is in the black — an indication that the company is still investing heavily in scaling up its operations.

As with any other tech company seeking a dominant position in Southeast Asia, large upfront investment to create a product that fits the market is a prerequisite.

“Bluntly, we’re not spending a lot of money on marketing discounts and promotions compared with other companies. We have a lot of customers and a lot of transaction volume and we’ve managed to achieve this with relatively little marketing, but due to a focus on product and customer experience,” he states.

BigPay began operating as essentially an e-wallet for users to store their cash. A key differentiator, however, is its tie-up with MasterCard for payment solutions, which grants access to over 35 million merchants globally.

New users sign up to use BigPay by downloading its mobile app, then going through a registration process that includes recording a short video for verification purposes.

A BigPay card is later mailed to the user, although transactions can take place via the app or the card. Up to July this year, sign-ups had exceeded 750,000 and transactional volume has been growing 20% month on month.

For perspective, there were 9.2 million principal credit cards in circulation as at May 31 , according to Bank Negara Malaysia data. In the same month, 41.9 million credit card transactions were recorded with total domestic purchases by local cardholders amounting to RM10.32 billion, and purchases abroad, RM1.48 billion.

Davison declines to disclose the number of transactions undertaken by BigPay so far, or the total value.

According to the central bank’s website, BigPay is one of 41 non-bank e-money issuers — essentially a stored-value facility provider. Twenty-five banks are listed as credit card issuers, and 29 banks for issuance of debit cards.

“Practically, prepaid and debit are relatively similar. What really makes the difference is what you do with it,” says Davison.

The group CEO feels the one million threshold for signups could be reached by December. According to him, the number of signups thus far puts BigPay well ahead of competing offerings by major conventional banks. “The majority of our volume is domestic and non-travel related, highlighting that we are a top e-wallet of choice for everyday use for many Malaysians.”

A key factor in attracting signups has been word of its relatively cheaper foreign exchange rates. Davison explains, “We do not charge any mark-up fees on currency exchange rates, unlike banks that charge from 2%

pn govt is coming to rescue them :)

AirAsia, Malaysia Airlines merger an option as Covid-19 hits ...www.theedgemarkets.com › article › airasia-malaysia-ai...
Apr 17, 2020 - ... state carrier Malaysia Airlines Bhd with budget airline AirAsia Group Bhd is ... minister Datuk Seri Mohamed Azmin Ali told Reuters on Friday.

singapore govt was so fast to help the airlines industry. pn govt? :)

Singapore extends support for aviation industry amid coronavirus outbreak
By Cirium
Singapore is rolling out a six-month support package for the country’s aviation industry, with an aim of safeguarding Changi Airport’s air connectivity, reducing business costs, and protecting jobs, amid the coronavirus outbreak that has affected airlines worldwide.

The S$112 million ($80.5 million) package will comprise rebates on aircraft landing and parking charges, assistance to ground handling agents, and rental rebates for shops and cargo agents at Changi Airport, says Singapore’s finance minister Heng Swee Keat, while announcing the country’s budget plan for fiscal 2020, which begins on 1 April.

Airlines that had operated scheduled passenger flights between China and Singapore before the coronavirus outbreak will receive landing credits, Heng says, while those that continue to operate flights to China amid the ongoing outbreak will receive rebates on their landing charges.

A full rebate on parking charges is being extended to all scheduled passenger flights to Singapore. In addition, a 10% landing charge rebate will also be given to all freighter carriers into Singapore, and applied to all scheduled passenger flights from Southeast Asia to Singapore.

Singapore carriers that have obtained a new or renewed certificate of airworthiness for their aircraft from the Civil Aviation Authority of Singapore (CAAS) during fiscal year 2019 will receive a 50% rebate on regulatory fees.

A planned 1% annual increase in landing, parking and aerobridge charges affecting all operators, which was due to start on 1 April, will also be waived off for a six-month period.

The finance ministry adds the package, which is being co-funded by the government, Changi Airport Group, and the CAAS, “will provide immediate relief to affected companies during the [coronavirus] outbreak period”.

The support package comes at a time when the coronavirus outbreak has led to a cancellation of more than 80% of scheduled flights between Singapore and China, says Singapore’s transport ministry.

“There are now fewer than 80 services [to China] per week, compared with over 400 prior to the outbreak. Passenger traffic has dropped,” the ministry was quoted as saying in an 18 February report from Singaporean newspaper Today.

This has also led to a decline in traffic from other regions to Singapore, it adds.

Hours before the budget plan was announced, Singapore Airlines said it will selectively cut flights to points outside of China for the next three months, including those to parts of Asia-Pacific, Europe, the Middle East, and the United States.

But investors must have patience and holding power. otherwise, macam berjudi sebagai trader

BigPay has bigger potential than GPacket because airasia is supported with Big Data from all its passengers

BigPay with its app could evolve like kipple pay too

another boost soon. airasia gets online bank licence :)

with this crisis, if airasia is able to survive, it will become leaner and lower cost in terms of manpower, etc

Airasia has valuable asset which the data of its passengers........... Big Data for many biz

surely, people will fly again but in stages. biz could use zoom, but some meeting with clients still require face2face meeting, etc. sending staff out for regional assignments.

pn govt could waive all taxes related to air tickets for MAS, Airasia, Malindo till Dec 2020.

regarding flying again, my coming flights are in nov and dec 2020. expecting back to normal.. nobody knows the future. :)

but should consider to spin off BigPay after getting the online bank licence. get the money in first while waiting for merger, govt's help, etc.


:p

without the virus issue, airasia should be above RM2 with the approval of the online bank licence approaching :)

now, 73.5sen...

MAS-AAX merger, etc.... tak tau the outcome.


bila MCO lifted and people can fly as usual, tak payah social distancing, dll :)

AirAsia Group Berhad - 1QFY20 Operating Statistics


Date: 28/04/2020


Source : PUBLIC BANK
Stock : AIRASIA Price Target : 0.78 | Price Call : HOLD
Last Price : 0.735 | Upside/Downside : +0.045 (6.12%)

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AirAsia announced its 1QFY20 operating statistics, with passenger volume for the consolidated AOC operations (Malaysia, Indonesia and Philippines) falling by 21% YoY to 9.9m pax. This is in line with the reduction in its capacity as available seat km (ASK) contracted 19% YoY. Passenger load for the consolidated AOCs declined by 10 ppts to 78%. Meanwhile, operations in Thailand (TAA), India (AAI) and Japan (AAJ) reported load factors of 84%, 81% and 72% respectively. Group wide, proactive capacity management was done particularly in the months of February and March, with the cuts most notable in the Malaysian (MAA) and Thailand (TAA) units due to travel restrictions from the Covid-19 pandemic. 1QFY20 results and passenger yield data is expected to be released in one month’s time. To recap, AirAsia had announced a temporary fleet hibernation across its AOCs in view of the Covid-19 pandemic which caused large-scale border restrictions in many countries at the end of 1Q2020. We remain cautious on its earnings outlook for the year, hence maintaining our Neutral call on AirAsia with unchanged target price of RM0.78 pegged to 1x of FY20F BVPS.
•1QFY20 statistics. AirAsia’s consolidated operations reported a decline in passengers carried by 21% YoY to 9.9m pax, as it cut capacity by 19% YoY to ASK of 14.4bn. This resulted in its passenger load dropping by 10 ppts to 77.9%. This was slightly below our expectations, accounting for 24% and 22% of our forecasts respectively (Table 1). During the quarter, the MAA unit reduced its capacity by 17% YoY, as operations were heavily interrupted in light of the increased in Covid-19 cases and imposition of the Movement Control Order that began on 18 March 2020. Meanwhile, the Indonesian (IAA) unit posted a 10% YoY increase in capacity for the quarter, as it re deployed excess capacity from international to domestic sectors. Passengers carried fell by 7% however as travel demand in the region started to weaken. Its Philippines (PAA) unit also flew fewer number of passengers of 1.8m pax (-9% YoY) in comparison to the same quarter last year, as domestic and international routes were halted beginning mid-March 2020.
•Associates’ performance. The Thailand (TAA) unit continues to report healthy load factor at 84% despite lower passenger volume of 4.5m pax (- 23% YoY) in 1QFY20. This was on the back of a 17% capacity reduction after flight frequencies were cut, as well as from the suspension on international routes amid increasing travel restrictions and redeployment of excess capacity to domestic sectors. Meanwhile, its Indian (AAI) unit reported steady passenger load at 81% amid travel concerns, with the Japan (AAJ) unit showing softer passenger load at 72%. (Table 2-4)

Source: PublicInvest Research - 28 Apr 2020

airlines segment... wait till mco is lifted, no 50% seat capacity restriction or vaccine found.. covid19 can be healed as easy as getting a flu :)

BigPay with an online bank license seem promising... look at Gpacket, lossing money, but share price has recovered :)

Airasia, valuable component such as BigPay... going to get the online bank licence. maybe, spin off this biz segment via IPO while waiting for govt's help, etc.

:)

KUALA LUMPUR (April 5): MyHSR Corp Sdn Bhd has appointed the Malaysian Resources Corp Bhd – Gamuda Bhd consortium (MRCB Gamuda Consortium) and Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd – TH Properties Sdn Bhd consortium (YTL-THP) as its project delivery partners (PDP) for the Kuala Lumpur–Singapore High Speed Rail (HSR) civil works portion.

In a statement today, MyHSR Corp said the MRCB Gamuda Consortium has been selected for the northern portion of the alignment, while YTL-THP has been selected for the southern portion. The contracts will be awarded upon the conclusion of negotiations between MyHSR Corp and the PDPs.

“We are pleased to have selected two very capable consortia to work on the project. The PDPs will bring both local and international experience, through their own experience in building railways in the country and through partnerships with HSR experts, and together, we will build the KL-SG HSR project,” said Datuk Mohd Nur Ismal Mohamed Kamal, chief executive officer of MyHSR Corp.

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“We look forward to emulating the success of previous iconic projects in the country,” he added.

In a separate statement, YTL Corporation Bhd managing director Tan Sri Francis Yeoh said the group was deeply passionate about the project, having explored the concept of a high-speed rail service to facilitate seamless travel between Kuala Lumpur and Singapore since the 1990s.

“We are excited that the project is now coming to fruition and strongly believe that it will be transformative — connecting communities in Malaysia and Singapore — whilst playing a critical role in our country’s future economic growth as a vital component of the country’s blueprint to develop world-class rail infrastructure,” said Yeoh.

Datuk Seri Johan Abdullah, chief executive officer of Tabung Haji, which owns THP, said: “Tabung Haji’s participation in this venture would very well fit into our investment strategy that provides benefit to more than 9 million depositors of the fund.”

“Tabung Haji and the YTL Group have a long standing partnership spanning more than 20 years, having together built the Express Rail Link project that connects Kuala Lumpur International Airport and klia2 to KL Sentral,” added Johan.

The PDP tender was called on Nov 22, 2017, opened to parties with experience in railway design and construction, familiar with Malaysian railway construction practices and regulatory requirements.

MyHSR Corp said the tender also promoted the involvement of Malaysian firms, in line with the government’s push to encourage the growth of local industries through optimal usage of local resources and inputs.

YTL should be pleased with its appointment, considering it was the first to submit an RM8 billion proposal to the government for a high-speed rail link between Malaysia and Singapore back in 2006, since the idea was first floated in the 1990s.

The HSR was later identified as a key project under the government’s Economic Transformation Programme in 2010.

Following that, the Malaysian and Singaporean governments signed a bilateral agreement on Dec 13, 2016, outlining the key points of agreement on the project.

There are eight stations currently planned for the HSR, namely Bandar Malaysia, Sepang-Putrajaya, Seremban, Melaka, Muar, Batu Pahat and Iskandar Puteri stations in Malaysia and the Jurong East station in Singapore.

The project aims to facilitate a 90-minute travel time between Kuala Lumpur and Singapore and is expected to commence operations by Dec 31, 2026.

Volume is surging

Date Close Volume
13/05/2020 0.74 13,424,500
12/05/2020 0.72 6,503,400
08/05/2020 0.74 7,895,200
06/05/2020 0.745 4,564,800
05/05/2020 0.74 3,774,100
04/05/2020 0.74 4,470,100
30/04/2020 0.765 3,259,800
29/04/2020 0.78 2,681,400
28/04/2020 0.765 1,828,600
27/04/2020 0.755 2,371,700
24/04/2020 0.74 1,652,600
23/04/2020 0.745 2,182,900
22/04/2020 0.75 1,437,200
21/04/2020 0.745 3,275,300
20/04/2020 0.76 3,258,000
17/04/2020 0.765 3,506,700
16/04/2020 0.76 3,341,000

KUALA LUMPUR (May 14): AmInvestment Bank research has downgraded the transportation & logistics sector to “Underweight” and said it has become increasingly clear that the damage inflicted by the Covid-19 pandemic to the sector is no mere dent but destruction of varying degrees to different segments.

In a sector update today, the research house projected container throughput to contract by 15% at Westports Holdings Bhd (Hold, RM3.81) and 10% at ports of MMC Corporation Bhd (Buy, RM1.13) in FY2020F.

“We also project passenger volume for AirAsia Group Bhd (Sell, 43 sen) to shrink by 35% year-on-year in FY20F, followed by a 25% rebound in FY21F from a low base (assuming that by then the pandemic will have been significantly contained or vaccines will have been made available).

“We are expecting Pos Malaysia Bhd’s mail volume to drop by 35% in FY20F (versus a contraction in the teens in FY19 based on our estimates),” it said.

AmInvestment said its top pick within the sector is MMC Corp.

“While we are mindful of the soft patch ahead amidst a major slump in the world economy as well as world trade in the aftermath of the Covid-19 pandemic, we believe the recent selldown on MMC Corp has been overdone,” it said.

Domestic flight :)

“Bagi penerbangan Air Asia AK5742 pada 1hb Mei 2020 ada 156 orang penumpang semuanya dan empat didapati positif dan selebihnya 152 kita minta tampil untuk menjalani saringan kesihatan yang kedua termasuk 8 pelajar dan 144 orang awam. Mereka semua ini ada di Tawau, Kunak, Semporna dan Lahad Datu,” katanya di sini hari ini.
Bagi penerbangan kedua pula pada 4hb Mei 2020 melalui pesawat Air Asia AK5740 yang membawa 246 penumpang, dua daripadanya turut didapati positif COVID-19.
“Daripada jumlah itu seramai 64 adalah pelajar universiti dan 160 adalah orang awam dan melalui data mereka juga berada di Tawau, Lahad Datu, Kunak dan juga Semporna. Jadi melalui kedua-dua penerbangan ini enam didapati positif termasuk seorang kanak-kanak perempuan berumur dua tahun,” katanya lagi.
Menurut Dr. Suzalinna, sehingga tengah hari Rabu pihaknya telah menjalankan ujian saringan kesihatan kepada 31 orang awam dan 8 pelajar universiti yang tampil dan merupakan penumpang kepada kedua-dua penerbangan tersebut.
“Kita mengharapkan kerjasama daripada jumlah kesemua 396 penumpang tersebut supaya segera tampil menjalani ujian saringan kesihatan yang kedua memandangkan laporan yang diterima bagi kedua-dua penerbangan tersebut tidak mengamalkan penjarakan sosial dan itu akan menyebabkan risiko jangkitan yang amat tinggi walaupun mereka memakai pelitup,” katanya lagi.
Untuk rekod sehingga Selasa, negeri Sabah telah mencatatkan satu kes baharu menjadikan jumlah kumulatif kepada 328 kes, manakala 293 kes telah sembuh dan 31 kes lagi masih menerima rawatan di wad isolasi di hospital sekitar negeri ini. – ASTRO AWANI

50% seat capacity constraint for social distancing, air ticket price needs to go up a lot for airlines to make a profit.... people cant afford, biz uses zoom ... demand will tumble

back to 1990s, only the rich can fly

:)

Malaysia, Singapura setuju tangguh projek HSR hingga Mei 2020
Dania Zainuddin, Astro Awani | Diterbitkan pada September 05, 2018 18:09 MYT | Durasi: 59 saat
Malaysia, Singapura setuju tangguh projek HSR hingga Mei 2020
Menteri Hal Ehwal Ekonomi Datuk Seri Azmin Ali mengesahkan kos penangguhan projek akan melibatkan pembayaran S$15 juta (RM45.1 juta) kepada Singapura.
PUTRAJAYA: Malaysia dan Singapura telah bersetuju untuk menangguhkan projek Kerata Api Berkelajuan Tinggi (HSR) sehingga 31 Mei 2020.

Menteri Hal Ehwal Ekonomi Datuk Seri Azmin Ali mengesahkan kos penangguhan projek akan melibatkan pembayaran S$15 juta (RM45.1 juta) kepada Singapura.

“Buat masa ini, saya tidak mahu mengulas mengenai kos pembatalan projek kerana komitmen kami adalah untuk meneruskan projek HSR selepas Mei 2020,” katanya.

Beliau berkata dalam satu sidang media bersama Menteri Pengangkutan dan Penyelarasan Infrastruktur Singapura Khaw Boon Wan, di sini, pada Rabu.

Sementara itu, Khaw Boon Wan dalam sidang media yang sama berkata beliau yakin komitmen kedua-dua negara dalam melaksanakan projek HSR.

“Penduduk Singapura amat teruja dan kami komited untuk projek ini diteruskan.
“Laluan 400km antara Kuala Lumpur dan Singapura ini adalah ‘sweet spot’ bagi pembangunan projek HSR, dan kami yakin ia mampu dilaksanakan nanti,” kata Khaw Boon Wan.

Sebelum itu, Majlis menandatangani Surat Sampingan Bagi Projek Keretapi Laju Kuala Lumpur-Singapura (HSR) telah berlangsung di Bangunan Perdana Putra, yang turut disaksikan oleh Perdana Menteri Tun Mahathir Mohamad dan Timbalan Perdana Menteri Singapura Teo Chee Hean.

The Kuala Lumpur–Singapore high-speed rail (HSR) is a postponed railway project to link Kuala Lumpur, Malaysia to Singapore via a high-speed rail line.[2] It was announced by then Malaysian's Prime Minister, Najib Razak, in September 2010. Singapore's Prime Minister, Lee Hsien Loong, officially agreed in February 2013 to go ahead and the HSR project is expected to be completed by 2026. However, after the defeat of Najib Razak in Malaysia's general elections in May 2018, his successor, Mahathir Mohamad initially announced that the project would be scrapped.[3] However, during a visit to Japan on 12 June 2018, Mahathir said that the project was not scrapped but merely postponed due to high costs.[1] On 5 September 2018, it was announced that the HSR operations will start in January 2031.[4]

With zoom and recession, biz travel will be greatly reduced, with recession and unemployment getting worse, less people travel for leisure.. to increase airfare now, suicidal :)

AirAsia Group Bhd is looking at the possibility of increasing future airfares, following the implementation of the Conditional Movement Control Order (CMCO). Executive chairman Datuk Kamarudin Meranun stated that discussions are ongoing on the matter, adding that if there is an increase it would not be significant.

May 31 is approaching

KUALA LUMPUR - Malaysia and Singapore have reportedly struck an accord on the deferment of the Singapore-Kuala Lumpur High Speed Rail (HSR) project, with the agreement expected to be formally announced this week.

The compromise, reached "in a spirit of good neighbourliness", will see Malaysia being spared having to pay a RM500 million (S$166 million) penalty for postponing the project, reported The Edge in its Sept 3 issue, citing sources.

According to the business publication, the 350km line will be deferred for two years, until May 31, 2020.

Haha. Everyone cannot afford to fly soon

Caj pengangkutan awam naik ekoran hanya separuh kapasiti penumpang dibenarkan
13/05/20 | 03:41 pm
Kementerian Pengangkutan akan membentangkan cadangan menangani masalah kenaikan tambang pengangkutan awam ekoran pengurangan separuh kapasiti penumpang seperti ditetapkan kerajaan.

Menteri Kanan (Keselamatan), Ismail Sabri Yaakob, berkata cadangan itu akan dibentangkan Menteri Pengangkutan, Datuk Seri Dr Wee Ka Siong pada mesyuarat jawatankuasa khas menteri dalam tempoh terdekat ini.

Beliau berkata demikian dalam sidang media di Putrajaya, hari ini.

:(

Sejumlah 396 penumpang yang menaiki dua penerbangan AirAsia bagi perjalanan Kuala Lumpur-Tawau diminta untuk menghadiri ujian Covid-19 kali kedua selepas enam penumpangnya diuji positif.

Memetik laporan The Star, Pegawai Kesihatan Tawau Dr Suzalinna Sulaiman menggesa penumpang pesawat AirAsia AK5742 pada 1 Mei dan AK5740 pada 4 Mei untuk menjalani ujian Covid-19 secepat mungkin.

"Berdasarkan rekod, 156 penumpang menaiki pesawat AK5742 di mana empat diuji positif, manakala sejumlah 246 penumpang dari pesawat AK5740, dua dikenal pasti positif Covid-19," katanya.

Singapore looks forward to resumption of talks with new Malaysian government on HSR, RTS projects: Vivian Balakrishnan
By NG JUN SEN


Published02 MARCH, 2020UPDATED 03 MARCH, 2020


SINGAPORE — Singapore is looking forward to resuming talks with the new government in Malaysia on the delayed Singapore-Kuala Lumpur High Speed Rail (HSR) and the Johor Baru Rapid Transit System (RTS) projects in the coming months, Foreign Affairs Minister Vivian Balakrishnan said during the debate on his ministry’s budget in Parliament.

In his first remarks on the political developments in Malaysia over the past week, Dr Balakrishnan said on Monday (March 2) that Singapore is anticipating the formation of the new Malaysian Cabinet and the resumption of bilateral talks soon.

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“We know many of the personalities in (the new prime minister’s Perikatan Nasional) coalition well, from our engagements over the decades, and we wish them all the best. We are confident we will continue to have a constructive, mutually beneficial relationship with Malaysia, and look forward to resuming discussions on ongoing issues and projects.”

A political upheaval that began on Feb 23 led to the resignation of former Malaysian Prime Minister Mahathir Mohammed and the eventual appointment of his successor, Mr Muhyiddin Yassin, on March 1.

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Mr Muhyiddin now leads the Perikatan Nasional coalition, which consists of parliamentarians from members of Dr Mahathir’s Bersatu party and the former Barisan Nasional coalition under former prime minister Najib Razak before he was toppled by the Pakatan Harapan alliance during the May 2018 elections.

Dr Balakrishnan was responding to two speeches by Associate Professor Muhammad Faishal Ibrahim, Member of Parliament (MP) for Nee Soon Group Representation Constituency (GRC), and Workers’ Party chief Pritam Singh on Singapore’s relationship with Malaysia.

Read also: Singapore and Malaysia must follow terms of water and HSR agreements, says PM Lee

Dr Faishal, who is also Senior Parliamentary Secretary for Education, Social and Family Development, noted that the political situation in Malaysia has evolved rapidly in recent days which “will inevitably affect Singapore in many ways”. He asked for an update on the HSR and RTS projects as they would bring mutual benefit to the peoples of both countries.

Dr Balakrishnan replied that Singapore adopted a win-win approach in negotiating both projects with Malaysia, but they were delayed by the previous Pakatan Harapan government when it took over Malaysia’s reins after the 2018 elections.

“When that happened, we could have enforced our legal rights and sought full compensation from Malaysia,” he said.

Read also: HSR back on track, but may feature slower trains to reduce cost

“But in the spirit of constructive bilateral cooperation, at Malaysia’s request, we agreed to temporarily suspend both projects through formal agreements and give Malaysia time to review their position and propose amendments to what both sides had previously agreed to.”

These major infrastructure projects “cannot be suspended indefinitely”, Dr Balakrishnan emphasised.

“At some point, we must decide whether to proceed or not,” he said. “We look forward to hearing from Malaysia on these two projects in the coming months.”

Read also: Improve Malaysia’s existing rail system before building HSR to Singapore: Mahathir

He added that Singapore and Malaysia have continued to have constructive discussions on the maritime boundary delimitation issue, while also advancing cooperation in other areas, such as the economic collaboration in Iskandar Malaysia and the joint working group between both countries’ health ministries on the Covid-19 outbreak.

Later, Dr Maliki Osman, Senior Minister of State for Foreign Affairs, said that there were more than 50 ministerial-level visits and exchanges between Malaysia and Singapore last year alone. 

“These exchanges allowed us to discuss a wide range of issues, including connectivity projects like the Singapore-Johor Baru RTS Link and Singapore-Kuala Lumpur HSR. I hope that we will be able to continue making progress on these mutually beneficial projects,” he said.

Read also: Mahathir confirms RTS will proceed, but says it will ‘take some time'

Mr Vikram Nair, MP for Sembawang GRC and the chairman of the Government Parliamentary Committee on Foreign Affairs, later sought clarification on what it means for Singapore when a new administration has different priorities from the previous one.

In response, Dr Balakrishnan said that he did not want to pre-judge what the new government would do since it has not announced its new Cabinet, but repeated his earlier comment that the new coalition government was familiar to Singapore.

direct biz transactions


History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
25/02/2020 00:00:00 0.9300 0.0250 134,911 383,518 125,467 356,672 0.9300 0.0012 -
25/02/2020 00:00:00 0.9300 0.0250 248,607 383,518 231,205 356,672 0.9300 0.0023 -
21/02/2020 00:00:00 0.9500 - 229,000 229,000 217,550 217,550 0.9500 0.0021 -
13/06/2019 00:00:00 1.1300 - 901,500 901,500 1.019m 1.019m 1.1300 0.0083 -
25/04/2019 00:00:00 1.2200 - 48.400m 193.589m 59.048m 236.179m 1.2200 0.4436 -
25/04/2019 00:00:00 1.2200 - 50.000m 193.589m 61.000m 236.179m 1.2200 0.4583 -
25/04/2019 00:00:00 1.2200 - 50.000m 193.589m 61.000m 236.179m 1.2200 0.4583 -
25/04/2019 00:00:00 1.2200 - 45.189m 193.589m 55.131m 236.179m 1.2200 0.4142 -
17/04/2019 00:00:00 1.0850 -0.1350 60.000m 296.626m 65.100m 321.839m 1.0850 0.5499 -
17/04/2019 00:00:00 1.0850 -0.1350 60.000m 296.626m 65.100m 321.839m 1.0850 0.5499 -
17/04/2019 00:00:00 1.0850 -0.1350 38.269m 296.626m 41.522m 321.839m 1.0850 0.3508 -
17/04/2019 00:00:00 1.0850 -0.1350 21.731m 296.626m 23.578m 321.839m 1.0850 0.1992 -
17/04/2019 00:00:00 1.0850 -0.1350 60.000m 296.626m 65.100m 321.839m 1.0850 0.5499 -
17/04/2019 00:00:00 1.0850 -0.1350 56.626m 296.626m 61.439m 321.839m 1.0850 0.5190 -
07/03/2019 00:00:00 1.0900 0.0700 970,292 970,292 1.058m 1.058m 1.0900 0.0089 -
01/03/2019 00:00:00 1.0500 -0.0100 54.726m 54.726m 57.462m 57.462m 1.0500 0.5016 -
05/10/2018 00:00:00 1.2505 0.0005 918 918 1,148 1,148 1.2505 0.0000 -
07/09/2018 00:00:00 1.2500 0.0100 1,020 1,020 1,275 1,275 1.2500 0.0000 -
29/06/2018 00:00:00 1.1300 0.0300 204,000 204,000 230,520 230,520 1.1300 0.0019 -
18/06/2018 00:00:00 1.0600 - 60,000 60,000 63,600 63,600 1.0600 0.0005 -
19/04/2018 00:00:00 1.4400 - 73,500 73,500 105,840 105,840 1.4400 0.0007 -
03/04/2018 00:00:00 1.3500 - 263,500 263,500 355,725 355,725 1.3500 0.0024 -
27/02/2018 00:00:00 1.4800 -0.0100 73,500 73,500 108,780 108,780 1.4800 0.0007 -
24/01/2018 00:00:00 1.5300 -0.0200 226,000 226,000 345,780 345,780 1.5300 0.0021 -
12/01/2018 00:00:00 1.4700 0.0100 73,500 73,500 108,045 108,045 1.4700 0.0007 -
09/11/2017 00:00:00 1.3100 -0.0100 7.000m 10.000m 9.170m 13.100m 1.3100 0.0642 -
09/11/2017 00:00:00 1.3100 -0.0100 3.000m 10.000m 3.930m 13.100m 1.3100 0.0275 -
21/07/2017 00:00:00 1.2900 -0.1300 112.959m 112.959m 145.717m 145.717m 1.2900 1.0353 -
21/07/2017 00:00:00 1.2900 -0.1300 -112.959m 112.959m -145.717m 145.717m 1.2900 38.3299 Cancelled
21/07/2017 00:00:00 1.2900 -0.1300 112.959m 112.959m 145.717m 145.717m 1.2900 1.0353 -
17/03/2017 00:00:00 1.5000 0.0300 50.000m 50.000m 75.000m 75.000m 1.5000 0.4583 -
22/11/2016 00:00:00 1.5000 - 100,000 100,000 150,000 150,000 1.5000 0.0009 -
14/03/2016 00:00:00 1.4000 -0.1800 261,814 261,814 366,540 366,540 1.4000 0.0024 -
11/03/2016 00:00:00 1.5900 0.0100 135,000 480,000 214,650 763,200 1.5900 0.0013 -
11/03/2016 00:00:00 1.5900 0.0100 188,000 480,000 298,920 763,200 1.5900 0.0017 -
11/03/2016 00:00:00 1.5900 0.0100 157,000 480,000 249,630 763,200 1.5900 0.0015 -
23/02/2016 00:00:00 1.5800 - 63,400 63,400 100,172 100,172 1.5800 0.0006 -
29/12/2015 00:00:00 1.5600 0.0200 35.000m 35.000m 54.600m 54.600m 1.5600 0.3243 -
20/11/2015 00:00:00 1.4800 -0.0200 2.900m 2.900m 4.292m 4.292m 1.4800 0.0269 -
17/09/2015 00:00:00 1.6000 0.0200 63,400 63,400 101,440 101,440 1.6000 0.0006 -
26/08/2015 00:00:00 1.5600 0.0400 157,000 480,000 244,920 748,800 1.5600 0.0015 -
26/08/2015 00:00:00 1.5600 0.0400 188,000 480,000 293,280 748,800 1.5600 0.0017 -
26/08/2015 00:00:00 1.5600 0.0400 135,000 480,000 210,600 748,800 1.5600 0.0013 -
16/07/2015 00:00:00 1.6000 - 63,400 63,400 101,440 101,440 1.6000 0.0006 -
15/07/2015 00:00:00 1.5900 0.0200 157,000 480,000 249,630 763,200 1.5900 0.0015 -
15/07/2015 00:00:00 1.5900 0.0200 188,000 480,000 298,920 763,200 1.5900 0.0017 -
15/07/2015 00:00:00 1.5900 0.0200 135,000 480,000 214,650 763,200 1.5900 0.0013 -
07/04/2015 00:00:00 1.7000 0.0100 43,579 43,579 74,084 74,084 1.7000 0.0004 -
03/04/2015 00:00:00 1.7000 - 2.931m 2.931m 4.982m 4.982m 1.7000 0.0272 -
17/03/2015 00:00:00 1.3600 -0.2200 3.739m 3.739m 5.086m 5.086m 1.3600 0.0346 -
16/03/2015 00:00:00 1.5800 -0.0100 500,000 1.000m 790,000 1.580m 1.5800 0.0046 -
16/03/2015 00:00:00 1.5800 -0.0100 500,000 1.000m 790,000 1.580m 1.5800 0.0046 -
11/03/2015 00:00:00 1.5700 - 420,300 1.089m 659,871 1.709m 1.5700 0.0039 -
11/03/2015 00:00:00 1.5700 - 668,200 1.089m 1.049m 1.709m 1.5700 0.0062 -
18/12/2014 00:00:00 1.3700 -0.2300 88.784m 93.106m 121.634m 127.555m 1.3700 0.8267 -
18/12/2014 00:00:00 1.3700 -0.2300 4.322m 93.106m 5.922m 127.555m 1.3700 0.0402 -
08/12/2014 00:00:00 1.6100 -0.0100 500,000 500,000 805,000 805,000 1.6100 0.0047 -
30/06/2014 00:00:00 1.6000 - 2.000m 2.000m 3.200m 3.200m 1.6000 0.0186 -
29/05/2014 00:00:00 1.7500 - 500,000 500,000 875,000 875,000 1.7500 0.0047 -

Use a lot of cement also for ecrl and hsr

Once HSR restarts, ytl-tabung Haji remains as one of the main contractors, ytl will rise, RM1 or above easily

Genius or not, die also unless takda 50% seat capacity restriction, MCO disini Dan negara2 lain

Biz model Dah koyak with 50% seat capacity allowed plus MCO and foreign countries doing the same?. These are killers.

HSR was a BN project during najib era, for face sake, surely will restart :)

I think the restart of hsr should be announced before may 18 when MPs meet in parliament. Announce the go ahead of hsr to prevent further obstacles, etc

HSR and ecrl , surely restart. BN projects. It will be honoured. Dateline for HSR is 31 may , if delayed further more compensation for Singapore. No exit clause for HSR with Singapore :)

Still rugi unless 50% seat capacity restriction is lifted and MCO is ended. Ada MCO, rakyat Akan was was mau Naik kapalterbang

50% seat capacity is allowed in order to achieve social distancing purpose, fly or don't fly also rugi kecuali harga tiket dinaikkan 2 Kali ganda, betul?