News by Syahirah Syed Jaafar

YTL Corp said YTL Cement intends to maintain the listing status of Lafarge on the main market of Bursa Malaysia.

This week Khalid announced that the developer of Taman Rimba Kiara has agreed to scale down the development by reducing its density and size from 4.9 hectares to 3.2 hectares.

The hospital is to be erected on a 3.43-acre land.

On Friday the government announced the ECRL project will proceed at a reduced cost of 32.8% to RM44 billion compared to its original cost of RM65.5 billion. Commuters will also benefit from the double-tracking of the shorter, rerouted railway line.

In August last year, the government said it was going to present a White Paper on Felda amid management disorder and high debts.

A study by a think tank found that almost a third of 192 economic promises made by the new coalition in its election manifesto are either fulfilled or on track to being achieved.

The retail prices for RON97 and RON95 petrol remain at RM2.63 and RM2.08 per litre respectively. 

Hashim said as the property market environment is expected to remain challenging in 2019, the group remains cautiously optimistic.

The board views it as a strategic move for the JHM Group to own the property, to improve and enhance operational efficiencies in the long term.

In a filing, it said SSSB shall facilitate the implementation and completion of the development project, named ‘Iconic Point’, which is expected to commence in July 2019 and be completed by June 2021.