News by Bernama

Kenanga Research foresees that Bank Negara Malaysia (BNM) has reached the end of its monetary tightening cycle and will keep the overnight policy rate (OPR) unchanged at 2.75% for the rest of the year.

"As we foresee that there will be pressure from developed countries to 'migrate' to electric vehicles, we need to be more prepared."

Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir said the ministry is currently studying and drafting the Bill, because there is currently no specific law to regulate the problems that exist in the residential tenancy sector.

The gazetted area of ​​Malay reserve land in Peninsular Malaysia increased by 0.67% from 4,963,190.8 hectares in 2021 to 4,996,406.42 hectares in 2022, Parliament was told on Wednesday (March 29).

All new affordable housing projects will undergo tests and analyses, including wind tunnel tests and sun-path analysis, to provide liveable and comfortable homes for the bottom 40% household income group (B40) and the middle 40% (M40), Local Government Development Minister Nga Kor Ming said.

Johor Menteri Besar Datuk Onn Hafiz Ghazi said progress on RTS has now reached 32.78% and is expected to be completed by the end of 2026, while the Gemas-Johor Bahru Electrified Double Tracking project has reached 90.6% and is expected to be completed in April 2026.

Twenty sick private housing projects involving 1,784 units had been revived and obtained certificates of completion and compliance (CCCs) as of Feb 28, said Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir.

He said his ministry would take various measures to deal with any issues that crop up and hope that incidents of technical disruptions which occurred on the Kelana Jaya LRT line, which led to delays on Monday (March 27), would not recur.

He said this brings the total number of highways involved to 11.

Akmal said since the programme began in 1982, a total of 159 PPR projects comprising 99,296 housing units had been completed nationwide.