Climate Governance Initiative launches Malaysian chapter, first in Asia
KUALA LUMPUR (May 16): The Malaysian chapter of the Climate Governance Initiative (CGI), a project hosted by the World Economic Forum, has been launched, marking the first country in Asia to do so.
Guan Eng leads 10-member office to oversee govt’s debt, liabilities
KUALA LUMPUR (May 16): A Debt Management Office (DMO) has been set up to review and manage the government’s debt and liabilities, which will be chaired by Finance Minister Lim Guan Eng.
'If I knew payment was for Najib, I would not have made it', Umno man says of RM42m transfers
KUALA LUMPUR (May 16): Ihsan Perdana Sdn Bhd managing director Datuk Dr Shamsul Anwar Sulaiman (pictured) told the court that he did not know the RM42 million cash transfers made by the company between Dec 26, 2014 and Feb 10, 2015 went into former premier Datuk Seri Najib Razak's accounts.
Stop work order issued for soil erosion danger
BUKIT MERTAJAM (May 13): A development near Kampung Besar Berapit here has been ordered to stop work by the authorities for neglecting soil erosion mitigation on its hillside project.
Advance Synergy’s cash pile to rise after land sale
KUALA LUMPUR (May 13): Advance Synergy Bhd, a company controlled by businessman Datuk Ahmad Sebi Bakar, is selling a piece of land for RM124 million cash.
KPKT: Potential collaboration with China companies for affordable housing funding and technology
SHAH ALAM (May 11): Housing and Local Government Ministry (KPKT) has signed a Memorandum of Understanding (MoU) with eight companies from China, for future potential foreign direct investment and technology knowledge transfer towards Malaysia’s affordable housing development.
Plaza Rakyat project to restart soon
Work on the long-abandoned Plaza Rakyat project in Jalan Pudu, Kuala Lumpur is expected to begin soon, A 43% stake in the developer - Profit Consortium Sdn Bhd is being bought by China-based Guangzhou Xu Zhuo Enterprise Management Co Ltd, who are expected to pay the outstanding debt due to Kuala Lumpur City Hall (DBKL) “The Plaza Rakyat project is being taken over by a new consortium, which finalised its takeover at end-March.
Rajawali Group set to exit Sheraton Imperial KL after 15 years
A 33-storey building in Jalan Sultan Ismail has been put up for sale by Indonesian billionaire Tan Sri Peter Sondakh.
