News by Chester Tay

The highway's construction was temporarily halted previously due to rising construction costs.

... before being brought for further deliberation between the leaders of the two countries.

Putrajaya has approved electric car maker Tesla’s application to import battery electric vehicles (BEVs) into Malaysia, establish a head office, a Supercharger network, as well as experience and service centres.

... in its bid to attract more international investment and tourists to the country.

The government has pledged to continue its financial commitment to national strategic projects in transport such as the light rail transit and the mass rapid transit, according to the revised 2023 Economic and Fiscal Outlook report.

Capitaland Malaysia Trust (CLMT)’s RM990.5 million acquisition of Queensbay Mall in Penang has turned unconditional after the REIT’s unitholders voted in favour of the transaction.

UOA Development Bhd posted a 46% year-on-year drop in net profit for the fourth quarter ended Dec 31, 2022 (4QFY2022), owing to lower progressive recognition for ongoing development projects.

The government has not provided its final approval for the development of Kulim International Airport (KXP), pending the completion of the National Airport Strategic Plan (NASP) in August this year.

The Ministry of Natural Resources, Environment and Climate Change plans to increase the water pollution fine to RM10 million from RM100,000, and the jail sentence to 15 years from one year.

Net profit jumped to RM8.53 million for 2QFY2023 from RM3.76 million a year ago, despite a 27% drop in revenue to RM76.88 million from RM105.55 million.