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China offered to reduce ECRL cost by nearly 50% - report
A report cites sources as saying that China offered to reduce the East Coast Rail Link (ECRL) project construction costs, as Prime Minister Mahathir Mohamad had, in the past stated that the Malaysian government does not have the funds to pay for the project.
These nine property developers’ Ang Pow packets are works of art
In the olden days, the Ang Pow or red packets were literally just that -- plain red envelopes that were used to wrap coins to be given to unmarried individuals or children by the elderly or married couples as a blessing during the Chinese New Year.
Deloitte fined RM2.2m over 1MDB scandal
KUALA LUMPUR (Feb 1): In the first case of an audit firm being penalised in connection with the 1Malaysia Development Bhd (1MDB) scandal, the Securities Commission Malaysia (SC) yesterday fined Deloitte PLT RM2 million for failing to discharge its statutory obligations, including not immediately reporting irregularities.
Crest Builder bags RM99.6m contract to build a hotel at Jln P Ramlee
KUALA LUMPUR (Jan 31): Crest Builder Holdings Bhd's unit has bagged a contract worth RM99.
FT Minister on BBCC site incident: 'We have also stopped the construction work at that area'
PUTRAJAYA (Jan 30): A stop work order has been issued to Eco World Development Group Bhd (EcoWorld) after a construction mishap at the ex-Pudu Jail site of the Bukit Bintang City Centre (BBCC) project, reported the Malay Mail today.
MCA president Wee: ECRL cancellation will impact ties with Beijing
KUALA LUMPUR (Jan 30): Putrajaya’s ties with China will be harmed if the East Coast Rail Link (ECRL) is scrapped, warned MCA president Datuk Seri Wee Ka Siong (pictured).
Prioritise other issues in East Coast before building ECRL, says Jomo
KUALA LUMPUR (Jan 30): There are many other areas of concern for the government to consider in the East Coast region before deciding whether to build a multi-billion East Coast Rail Link (ECRL), said academic Jomo Kwame Sundaram (pictured).
It’s not a wage problem, houses are just too expensive
PETALING JAYA (Jan 30): To resolve the property supply and demand mismatch in Malaysia, Khazanah Research Institute (KRI) director of research Dr Suraya Ismail opined that housing prices just need to be within the average wage earners’ affordability level.
Guan Eng: No statement on ECRL project until further notice
KUALA LUMPUR (Jan 29): Finance Minister Lim Guan Eng has met with Prime Minister Tun Dr Mahathir this morning and Prime Minister has suggested not to make any statement on the ECRL project status until further notice.
