Moratorium on housing projects in KL would hurt the city's economy, says Zaliha
Such a move would dampen the capital city’s gross domestic product heavily dependent on the construction and property-related services sectors, she said.
PAC: Outdated land formula costs govt RM136.8m in Kampung Bohol deal, needs review
The parliamentary Public Accounts Committee (PAC) found that an outdated formula to calculate land prices led to the government losing about RM136.8 million in revenue in the case of the Kampung Bohol flood retention pond project.
PAC calls for overhaul of KL land development system over unchecked approvals, ignored public objections and cheap land sales
The Public Accounts Committee (PAC) has called for the government to overhaul Kuala Lumpur’s land development system after uncovering serious issues, including unchecked approvals, ignored public objections, and the sale of public land below market value.
Ideal Capital's 2Q profit slips as cost accelerates; Ooi Kee Liang steps down as chairman
Property group Ideal Capital Bhd (KL:IDEAL) saw its net profit for the second quarter fall 14%, dragged down by a jump in cost of sales despite higher revenue.
Lawmakers ask to delay second reading of Urban Renewal Bill for further review
Lawmakers from both sides of the political divide want the Housing and Local Government Ministry to defer the second reading of the Urban Renewal Bill 2025 (URA Bill) and have it referred to relevant parliamentary special select committees for further scrutiny.
Urban Renewal Bill 2025 tabled in Parliament for first reading
The Urban Renewal Bill 2025, which seeks to lower the consent threshold for redevelopment projects, was tabled for its first reading in the Dewan Rakyat on Thursday.
Penang LRT budget capped at RM16b-17b, says Loke
Transport Minister Anthony Loke on Monday announced a budget ceiling of RM16 billion to RM17 billion for the Penang Light Rail Transit (LRT) project.
Housing Development Act to be amended to cover sick commercial projects
The government is in the midst of drafting amendments to the Housing Development (Control and Licensing) Act 1966 to expand its scope to cover problematic commercial projects.
Genting Malaysia’s loss-making Empire Resorts to sell non-gaming assets for RM2.2b to cut costs, clear debt
After taking full control of its struggling US unit Empire Resorts Inc, Genting Malaysia Bhd (KL:GENM) is launching a major restructuring with a RM2.2 billion asset sale, land purchase and full bond repayment to address earnings pressure.
Trans-Borneo Railway feasibility study to conclude by 3Q2026—Loke
The feasibility study for the high-speed rail network connecting Sabah, Sarawak, Brunei, and Kalimantan, Indonesia—dubbed the Trans-Borneo Railway project—is expected to be concluded by the third quarter of 2026, Transport Minister Anthony Loke Siew Fook said.
