(Reuters) - The gap in returns between the S&P 500 and the index's equal-weighted counterpart is at its widest in 15 years, underscoring the need to diversify beyond AI heavyweights such as Nvidia.
An artist’s impression of the Rapid Transit System Link in Bukit Chagar in Johor Baru. — Photos: Malaysia Rapid Transit System.
According to Rosli, previously, inflated demand estimates were used to justify the high costs for both the MRT1 and MRT2.“I believe the government must take the AG’s report seriously, and consider putting these prestigious projects on hold. Rosli noted that opportunities for better mass transit systems tailored to each locality, consistent with passenger demand, and the gradual phase-out of new highways favouring car usage, must remain open for discussion and suggestions.
He said curbing costs can be implemented in a number of ways, including addressing potential corruption and mismanagement. Wan Agyl said another factor to consider is bureaucratic inefficiencies, which need to be addressed to expedite progress and reduce costs. “This is not just about fiscal responsibility; it’s about the nation’s progress and the well-being of its citizens,” he said.
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