News by BERNAMA

The Kuala Lumpur Sustainable Declaration on Localising Asean Community Vision 2045 will be submitted to the 47th Asean Summit in October as an official input, said Housing and Local Government Minister Nga Kor Ming.

A businessman has been remanded for seven days by the Malaysian Anti-Corruption Commission (MACC) on suspicion of submitting false documents in a land sale transaction worth RM3.8 million in Mukim Lenggeng here in September 2022.

China-based high-technology semiconductor company Ferrotec’s RM550 million investment in Pasir Gudang, Johor, through subsidiary Ferrotec Power Semiconductor Malaysia Sdn Bhd has been realised and is expected to generate an annual export value of RM600 million.

Property companies in Malaysia have increased their adoption of environmental, social and governance (ESG) practices, driven by growing concerns over such issues and reflecting their commitment to sustainability, said MBSB Investment Bank.

Johor has emerged as the nation’s leading data centre investment hub with 42 projects worth RM164.45 billion approved as of the second quarter (2Q) this year.

A total of 1,171 private housing projects with a gross development value (GDV) of RM113.55 billion have been revived by the Task Force for Sick and Abandoned Private Housing Projects (TFST) under the Ministry of Housing and Local Government (KPKT). 

Malaysia on Tuesday called on Asean nations to adopt an integrated urban planning approach, which balances environmental stewardship, social well-being, and economic competitiveness through the CHASE City framework.

Asean must ensure that the prosperity generated by rapid urbanisation is shared equitably among all communities and not achieved at the expense of the vulnerable, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

The Works Ministry is seeking a higher allocation in Budget 2026 to upgrade the nation’s main infrastructure, particularly major highways and federal roads.

Amir Hamzah said this approach is expected to accelerate project completion time, reduce wastage of building materials, and lower the overall construction cost.