Perak Transit inks 15-year MoU with MPKangar to manage Terminal Perlis Sentral
Under the MoU, MPKangar agrees to appoint Perlis Sentral to manage Terminal Perlis Sentral under a service contract valued at a specified sum, with a tenure of 15 years.
In a filing with Bursa Malaysia, Perak Transit said Perlis Sentral's participation in the MoU supports the group's plan to develop and operate integrated public transport terminals in Malaysia.
It added that this aligns with its strategy to secure more third-party terminal management contracts, strengthening its asset-light model through expertise in terminal operations.
Perak Transit executive director Datuk Cheong Peak Sooi said it commenced operations and management of Terminal Perlis Sentral on March 24, 2025 with the implementation of the Perak Transit Terminal Management System.
'Currently, 27 express bus operators are operating in the terminal. Terminal Perlis Sentral is a single-storey building, with a land area of approximately 5.31 acres, a gross built-up area of approximately 19,448 sq ft, and a net leasable area of approximately 2,729 sq ft for shops and kiosks,' he said, adding that the final definitive agreement relating to the collaboration would be finalised and signed in the near term.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
24-06-2025
- New Straits Times
Work on KB Sentral project to begin next month
KOTA BARU: Work on the RM64 million Kota Baru Integrated Bus Terminal project, also known as KB Sentral, is expected to begin next month. This was announced by state Public Works, Water Infrastructure and Rural Development Committee deputy chairman Saizol Ismail today (June 24). He said the state government had appointed China Communications Construction Company Ltd (CCCC) as the main contractor for the project. "The state government has agreed to appoint the Chinese contractor, which is also involved in the East Coast Rail Link (ECRL) project. "We awarded the contract to the company last week," he told reporters after visiting the Kampung Madani project site in Kampung Kota today (June 24). He said the project would begin with land treatment works in the middle of next month. "The land treatment phase will take about a year, after which the main construction works will commence. We expect the entire project to be completed before the Malaysia Games (Sukma) in 2028," he added. In March this year, Kelantan Deputy Menteri Besar Datuk Dr Mohamed Fadzli Hassan said the state government has decided to take over construction after negotiations with Perak Transit failed to reach an agreement. He said the decision was made considering time constraints in completing the project. He added that the state wanted KB Sentral to be ready alongside the ECRL project as both needed to operate together. He also said the state government planned to add a few new features to the project. Earlier reports said Kelantan had told Perak Transit to decide whether to go ahead with the project under the set conditions or hand it back to the state government. One of the main conditions was appointing CCCC as the main contractor, as the company had a strong track record with the ECRL project.
The Star
13-05-2025
- The Star
Foreign dollars flow into Bursa Malaysia for third straight week
KUALA LUMPUR: The inflow of foreign funds into Bursa Malaysia continued for a third straight week, although the net amount was halved to RM422.6mil from the previous week's RM853.8mil. The return of foreign interest in Malaysian equities was in line with the net buying activity seen in other Asian markets. According to MIDF Research, there was a substantial net inflow of US$4.65bil over the eight Asian markets it monitors, with India and Taiwan leading sentiment. "Among the markets tracked, only Indonesia registered net foreign outflows, while all other countries saw net foreign inflows," it said in its weekly fund flow report. In Malaysia, the sectors with the most net foreign inflows were utilities (RM253.3mil), telecommunications and media (RM53.3mil) and financial services (RM51.1mil). Only two sectors recorded net foreign outflows - namely energy (RM57.5mil) and technology (RM56mil). Meanwhile, local institutions sold down their local holdings for a fourth straight week, with a net outflow of RM397.8mil. Local retail retails were also net sellers for a fourth consecutive week, with an outflow of RM24.8mil, much reduced from the RM161.2mil recorded in the prior week. The average daily trading volume (ADTV) saw a broad-based increase last week. Local institutions and local retailers saw an increased participation of 8.6% and 2.9% respectively, while foreign investors saw an increase of 6.1%. Trading ideas: Perak Transit, Eco-Shop, Sapura Energy, Yoong Onn, Muhibaah, HeiTech Padu, Dnex, Pentamaster, CJ Century, 3REN, ES, ManagePay, Wesrports, Sentral REIT
The Star
13-05-2025
- The Star
Trading ideas: Perak Transit, Eco-Shop, Sapura Energy, Yoong Onn, Muhibaah, HeiTech Padu, Dnex, Pentamaster, CJ Century, 3REN, ES, ManagePay, Wesrports, Sentral REIT
KUALA LUMPUR: Here is a recap of the announcements that made headline in Corporate Malaysia. Perak Transit Bhd has signed a memorandum of understanding with the Kangar Municipal Council, which has agreed to appoint the group to manage Terminal Perlis Sentral for 15 years, at an undisclosed contract value. Bursa Malaysia's main market-bound Eco-Shop Marketing Bhd has lowered its initial public offering price to RM1.13/share, down from the earlier set price of RM1.21. Sapura Energy Bhd has assured its clients, partners and stakeholders that its operations and financial activities, including access to the group's bank accounts, remained unaffected and continue as normal. Yoong Onn Corporation Bhd has reported that a fire broke out on May 9 at the factory and warehouse of its 60%-owned subsidiary, T.C. Homeplus Pte Ltd, in Singapore. Muhibbah Engineering (M) Bhd has received an arbitration notice from a former subcontractor over a project that was mutually terminated nearly five years ago. Haumea Offshore is claiming RM43.4mn from the group. Heitech Padu Bhd has proposed a one-for-four bonus share issuance to reward shareholders, followed by a private placement of new shares to raise up to RM43.7mn to finance the development of the National Integrated Immigration System project. Dagang Nexchange Bhd has proposed to undertake a bonus issue of up to 1.2bn warrants, on the basis of one warrant for every three shares held by shareholders. Pentamaster Corporation Bhd has appointed Hon Tuck Weng as its chief executive officer, effective May 9, 2025. Refined sugar producer MSM Malaysia Holdings Bhd plans to restart domestic sugar cane plantations to reduce its complete dependence on imported raw sugar. CJ Century Logistics Holdings Bhd will continue to focus on volume expansion, complemented by improved efficiency and cost-pricing management, according to its Chief Executive Officer, Steven Teow. 3REN Bhd has secured a RM7.1mn contract to supply a set of intelligent automated material management systems integrated with vision inspection and robotics for a semiconductor manufacturer. ES Ceramics Technology Bhd 's Group CEO, Wong Fook Lin, 59, has relinquished his role and been reappointed as Executive Director of the company. E-payment solutions provider Managepay Systems Bhd announced that its subsidiary has been authorised to facilitate wage payments for foreign employees. Westports Holdings Bhd 's net profit for 1QFY25 increased 9.0% YoY to RM225.5mn from RM204.5mn a year ago, due to an increase in containers handled. Sentral Real Estate Investment Trust's net profit for 1QFY25 fell 1.5% YoY to RM19.6mn from RM19.9mn a year ago, due to lower revenue.
