ECRL suspension could delay retender phase

Construction sector Maintain underweight: According to The Edge Markets, East Coast Rail Link (ECRL) project owner Malaysia Rail Link Sdn Bhd (MRL) has ordered its main contractor, China Communications Construction Co Ltd (CCCC), to immediately suspend all ongoing works relating to the engineering, procurement, construction and commissioning scope of the ECRL.

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Ideas senior fellow questions plan for ‘relaxed’ housing loan policy

KUALA LUMPUR (July 6): The central bank’s plan to formulate a “relaxed” housing loan scheme to ease up the loan process for the middle 40% (M40) and the bottom 40% (B40) segments of the population may not be a move in the right direction and could worsen the problem, said a senior fellow of the Institute for Democracy and Economic Affairs (Ideas) in response to Housing and Local Government Minister Zuraida Kamaruddin’s announcement early this week.

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热盘行情:槟城Perai Industrial Estate的1½ 楼厂房

成交月份:2018年2月 卖点: ● 占地面积:121,968平方尺,建筑面积:72,000平方尺 ● 附近的便利设施包括Juru Auto City、银行和众多食肆 ● 距离Bukit Tengah Industrial Park约4公里、槟城大桥约8公里、Bayan Lepas Industrial Park与槟城国际机场26公里,还有乔治市28公里 毗邻槟城大桥的Perai Industrial Estate内,有着许多轻型和中型工业,为当地创造了很多工作机会。 这是一个发展良好的工业区,当中有着电力供应、道路系统和员工住宿等良好的基础建设。 根据促成这宗交易的Khoo & Associates Realty产业经纪J T Tan,这间工厂的业主看好该单位的租金收入,因此在4年前买下这个单位作为投资。 “这间工厂原本与一间糖业公司签订为期两年的租约,在租约到期后,租户决定迁出,然而,在短短两个月内,我就为这间厂房找到了新租户。” 他续称,新租户为泰国一家高端包装泡棉制造商,该公司已在这一区设厂,因业务扩充,而租下这间厂房。 “工厂位于绝佳地点、状况良好,加上室内35尺高的天花板,便于起货卸货,因此受到租户青睐。” 双方签订租约为期3年,每月租金为RM75,000,或平均每平方尺RM1.

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Xavier Jayakumar confident of solving Selangor water issue

HULU LANGAT (July 5): Water, Land and Natural Resources Minister Dr A Xavier Jayakumar is confident of solving the long-standing water impasse between Selangor state's Pengurusan Air Selangor Sdn Bhd and Gamuda Bhd's 40%-owned Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash).

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Relaxing lending rules may not be a good move, says IDEAS

PETALING JAYA (July 5): The proposed mortgage with less stringent lending requirements by banks mooted by the Housing and Local Government Ministry (KPKT) that is aimed at benefiting the M40 and B40 groups may not be a good move, said the Institute for Democracy and Economic Affairs (IDEAS) senior fellow Dr Carmelo Ferlito.

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ECRL, SSER projects ordered to cease work

KUALA LUMPUR (July 5): The East Coast Rail Link (ECRL) project and two projects under the finance ministry (MoF) unit Suria Strategic Energy Resources Sdn Bhd (SSER), namely the Multi-Product Pipeline (MPP) and the Trans-Sabah Gas Pipeline (TSGP) projects, have been instructed to suspend all works with immediate effect.

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MRL instructs CCCC to suspend ECRL works on grounds of national interest

KUALA LUMPUR (July 4): The East Coast Rail Link (ECRL) project owner Malaysia Rail Link Sdn Bhd (MRL) has instructed its main contractor China Communications Construction Ltd (CCCC) to suspend all works under the engineering, procurement, construction and commissioning contract (EPCC) of the controversial ERCL project with immediate effect.

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