News by Rachel Chew

Noteworthy:     
● Leasehold
● Land size: 66,000 sq ft
● Unfurnished
● Large open space of 900 sq ft
● Easily accessible via Damansara-Puchong Highway (LDP), Shah Alam Expressway (KESAS), South Klang Valley Expressway (SKVE) and North–South Expressway Central Link (ELITE)

When: May 2021

Set up in 1890 to provide not-for-profit transport services, the rail operator has racked up billions in liabilities through money-losing operations. Though the idea of generating income from SRT assets has been around for years, the plans are only now taking shape.

“This is an example of how a green lung can be at risk if it is not gazetted as a green lung in the first place in the Kuala Lumpur City Plan 2020. We have made so many objections previously and called for the Federal Territories Minister to gazette Federal Hill as a green lung, and this is precisely what we were trying to prevent,” said SKL chairman Datuk M. Ali.

FIABCI Malaysia president Datuk Seri Koe Peng Kang urged the government to quickly settle the issue to avoid greater damage to the country’s economy and image

Chairman of “Hongkongers in Malaysia” Facebook group Gary Crestejo: With the drastic change of terms and conditions, it has already created a negative image to the country

FIABCI Malaysian Chapter president Datuk Seri Koe Peng Kang: We do not understand why the government doesn’t want to talk to us. The new terms were announced briefly with very little details, which has already created a crisis of confidence.

Fiabci Malaysia president Datuk Seri Koe Peng Kang: The government needs to have a dialogue with us [stakeholders] and tell us what is their fear factor so that we can solve the problem and move forward

“We also hope for reduction of financing cost for construction projects through interest subsidy or government guarantee for project loans to lower the cost and ensure viability. Besides, our wish list is also for government departments to abolish time-consuming administrative procedures and increase business costs especially during the COVID-19 pandemic,” MBAM noted in its Budget 2022 wish list statement. 

According to the statement issued by BPS Development Company Limited, the company has contributed over £300 million (RM1.7 billion) to the Northern Line Extension (NLE), which runs from Kennington to BPS via Nine Elms.

The prolonged lockdown also led developers to rethink their strategies in marketing and product offerings