News by Adam Aziz

“We believe that the government will continue to carry out infrastructure jobs,” said Toh. 

The decision was made due to cost overruns under the existing PDP structure.

"...The land swaps were conducted for the purpose of increasing the number of voters in army camps during election,” said Dr Mahathir.

Utusan said the original cost of investment for the two factories in 1994 was RM4.32 million, and that the property is currently subject to a legal charge in favour of Malayan Banking Bhd.

The contract is to construct a bridge crossing with a connecting road in Bintulu, Sarawak and it was awarded by the Sarawak government to a JV between PPES Works (Sarawak) Sdn Bhd and China Communications Construction Co (M) Sdn Bhd.

The acquisition took into account the earnings contribution to be derived from rental income from Menara Persoft, as well as its potential market value appreciation — currently at RM85 million.

The Ministry of Entrepreneurship Development also announced the appointment of three new members to UDA Holdings' board of directors, namely Datuk Mohd Rafee Mohamed, Datuk Rosli Dahlan and Mohamad Subki Ahmad, to replace those whose service tenure has ended.

IMF commented that Malaysia’s medium-term growth outlook “remains favourable” although downside risks remain for the “highly open economy” stemming primarily from the external environment, including oil price, rising protectionism and slowdown in China.

Malaysia’s household debt-to-gross domestic product was recorded at 83.2% as at September 2018, Finance Minister Lim Guan Eng said in November last year. Around 52.8% of the debt was for housing loans.

IOI Properties said the increase in profit was largely derived from higher contribution from its property development projects in China, and higher share of profit in joint ventures arising from the sale of South Beach Residences in Singapore.