KUCHING: The Pan-Borneo Highway in East Malaysia, a jumbo project estimated to cost RM27 billion, is finally starting to take shape as the federal government prepares to launch initial funding to kick off formal construction.

SINGAPORE, July 18 (IFR) - The Pan-Borneo Highway in East Malaysia, a jumbo project estimated to cost 27 billion ringgit ($6.8 billion), is finally starting to take shape as the federal government prepares to launch initial funding to kick off formal construction.

[SINGAPORE] The Pan-Borneo Highway in East Malaysia, a jumbo project estimated to cost 27 billion ringgit (S$9.16 billion), is finally starting to take shape as the federal government prepares to launch initial funding to kick off formal construction.

KUCHING: The Federal Government has clarified that funding for the Pan-Borneo Highway in Sarawak is a separate allocation and not subtracted from the annual infrastructure development budget for the state.

The Pan-Borneo Highway allocation is a separate allocation and not subtracted from the annual budget under the current Malaysia Plan, explained Works Minister Fadillah Yusof today.

KUALA LUMPUR (June 20): In an announcement released today, DanaInfra Nasional Bhd shares that it had obtained approval from the Ministry of Finance for the exemption of income tax on coupon payment on contract notes.