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.
Govt will not embark on mega projects, to focus spending on the people
The government will not embark on mega projects that have limited impact on the majority of the people in the near future after taking into account global economic uncertainties, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
Maxim Global secures RM126 mil loan to develop 3.24-acre KL Site
Maxim Global Bhd (KL:MAXIM) has secured RM126 million in banking facilities from Alliance Bank Malaysia Bhd (KL:ABMB) to fund a property development project in Kuala Lumpur.
LBS, KLM Land launch Phase 3 of Alam Perdana Industrial Park in Puncak Alam
LBS Bina Group Bhd (KL:LBS) and KLM Land Sdn Bhd jointly launched Phase 3 of Alam Perdana Industrial Park located at Puncak Alam, Selangor on Aug 16.
Landlords brace for slower leasing and softer rent under new SST regime
Malaysia's real estate market is expected to see reduced absorption rates across all commercial property segments with downward pressure on rental growth, following the introduction of the expanded sales and service tax (SST) framework, according to JLL Malaysia.
Entrepreneurs renting Mara premises recorded RM2.2 bil sales last year
Entrepreneurs renting business premises under Majlis Amanah Rakyat (Mara) recorded total sales of RM2.2 billion last year, said Deputy Minister of Rural and Regional Development Datuk Rubiah Wang.
Asian Pac buys Salcon’s property development arm for RM42 mil
Asian Pac Holdings Bhd (KL:ASIAPAC) is acquiring a property development firm from Salcon Bhd (KL:SALCON) for RM42 million in cash, in a move to strengthen its presence in the Klang Valley.
Negeri Sembilan to develop country’s first AI-powered halal hub, says MB
Negeri Sembilan is set to become the first state in Malaysia to establish a halal hub powered by artificial intelligence (AI), said Menteri Besar Datuk Seri Aminuddin Harun.
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Setia4Malaysia Unity Run 2025 to kick off at Setia Fontaines in Penang
S P Setia Bhd will once again celebrate Merdeka Day and Malaysia Day with its fifth instalment of Setia4Malaysia Unity Run, kicking off the 2025 event on Sept 7 at Setia Fontaines in Penang.
Works Ministry denies delays in Pan Borneo Highway project due to ‘kawtim’ practice
The Ministry of Works (KKR) has denied that the delays in several ailing projects, including the Sabah Pan Borneo Expressway (LPB), were caused by the practice of kawtim or awarding contracts based on political grounds.
