Yong Tai to raise up to RM1b via sukuk

KUALA LUMPUR (April 11): Yong Tai Bhd has established a sukuk or Islamic Medium Term Note Programme of RM1 billion in nominal value to finance its investment activities, capital expenditure and working capital requirements.

READ MORE

Only 30% of ERCL workers will be foreigners, says project owner

KUALA LUMPUR (April 5): Malaysia Rail Link Sdn Bhd (MRL), the owner of the East Coast Rail Line (ECRL) project, says only 30% of the total workers involved in the RM60 billion project will be foreigners from China and other Asian countries, allaying concerns that the project is mostly run by the Chinese.

READ MORE

Zahid: People will reject scrapping of ECRL

PETALING JAYA (April 4): The people will reject Tun Dr Mahathir Mohamad’s promise to stop the East Coast Rail Link (ECRL) project if the opposition coalition wins the 14th general elections, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi (pictured).

READ MORE

Govt to amend hereditary land law

PETALING JAYA (March 22): The government has proposed to amend the Small Estates (Distribution) Act 1955 (Act 98) to enable the distribution of hereditary land without inheritance agreements, instead allowing the land administrator to decide according to the “majority rule” method, reported Bernama.

READ MORE