Developer China Evergrande to diversify into electric vehicles

Mar 20

China Evergrande Group is China’s second-largest property developer, who are also know for investments into football clubs and spring-water companies, has declared that they can be the biggest electric vehicle manufacturer in the world within three to five years.

PM: Our goal is to be a developed nation in every sense of the word

Mar 20

KUALA LUMPUR (March 20): While expectations were high after the 14th general election on May 9, 2018, Prime Minister Tun Dr Mahathir Mohamad highlighted that most of the administration’s efforts for the past year have been to “plug the almost bottomless pit created by the 1Malaysia Development Bhd (1MDB)” scandal.

PAC’s findings on white elephant marinas to be tabled soon

Mar 18

PETALING JAYA (March 18): The Public Accounts Committee (PAC) will be tabling its findings on the marina projects totalling RM323.

MBPJ to visit proposed development site in PJ Section 16

Mar 18

PETALING JAYA (March 18): Petaling Jaya City Council (MBPJ) will visit the site for a mixed development project on 1.

Pestech to partner with Japanese to bid for local solar power project

Mar 16

KUALA LUMPUR (March 16): Pestech International Bhd has inked a Memorandum of Understanding (MoU) with a Japanese renewable energy power plant developer for a potential joint investment in the bidding for the Large Scale Solar Photovoltaic Plants for Peninsula Malaysia (LSS 3 Project) According to a bourse filing, the group’s wholly-owned subsidiary Pestech Power Sdn Bhd (PPW) inked the MoU with Japanese outfit RS Renewable KK (RSRKK), which is effective yesterday until legally binding contracts have been executed.

Residents unhappy about proposed high-rise development in PJ’s Section 16

Mar 14

PETALING JAYA (March 14): Residents in Section 16 here are concerned about a proposed high-rise development in their neighbourhood, reported The Star today.

KL sees expat rentals up after several years of decline

Mar 14

PETALING JAYA (March 13): The average cost of rental for expatriates in Kuala Lumpur (pictured) has seen an increase in 2018 after a sustained decline between 2015 and 2017, according to international research house ECA International in a press release today.

Economy to shrink 0.11% on every 1% slowdown in China

Mar 13

KUALA LUMPUR (March 13): When growth slows in China, the world’s second-largest economy, the global economy would be affected and Asian economies, including Malaysia, will be the most impacted, according to MIDF Research.