E&O said its subsidiary Tanjung Pinang Development Sdn Bhd had issued a letter of award to China Communications Construction Co Ltd’s Malaysian unit China Communications Construction Co (M) Sdn Bhd to undertake the proposed project.

Wins two jobs worth RM4.78 bil and will take part in Cyberjaya City Centre development

Knight Frank executive director James Buckley was quoted as saying that Malaysian real estate investments abroad had been “incredibly active” over the last five years, but was expected to slow down as a result of the weak ringgit.

The memorandum of agreement involves a three-year partnership between GVC and CEHR for the construction works on Qi City, which are expected to start in 2016.

The project sits on a 140-acre freehold land parcel and has an estimated gross development value (GDV) of RM8 to 10 billion. CCC will be developed over the next 15 to 20 years

Members said the proposal was unsuitable, citing the club’s historical value and the city's already numerous parks, as reasons for the objection.

The Haven Luxury Resort Ipoh in  Malaysia snagged the “Luxury Family Hotel” award at the annual World Luxury Hotel Awards 2015 Gala Ceremony in Hong Kong on Oct 24.

Tourism and Culture Minister Datuk Seri Nazri Aziz said the heritage commissioner had decided on July 15 this year to gazette the site as a national heritage in accordance to provisions under the National Heritage Act.

The Ministry of Transport (MoT) put up an advertisement in local media yesterday to invite public inspection of its plan for the project, which details the route of the double-track rail spanning 197km in length, with the new alignment’s designated speed at 160kph.

Market views are not expecting a drastic interest-rate hike this year, though a minor one would resist any significant default risk.