Malaysia railway eyes recovery
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Malaysia's national railway company - KTM Bhd (KTMB) - plans to return to the black in three years under its new turnaround plan which includes increasing income from its existing operations as well as from new businesses.
This plan was drafted under new president Elias Kadir. Elias, known to in the company for his hands-on approach, has for the first time included representatives from the Railway Union of Malaya (RUM) in the discussion of the plan.
RUM president Abdul Razak Md Hassan said Elias’ turnaround plan aimed to reduce losses in the first two years and return to profitability in the third year. “In general, KTMB wants to increase income from three of its businesses namely cargo, commuter and intercity services. These businesses will be improved through enhanced efficiency, on-time delivery of trains and addition of new trains. The plan also includes new businesses such as more retail space to be leased at our stations,” he said.
