News about M

KUALA LUMPUR (October 2): Datuk Mohd Izzaddin Idris has resigned as non-executive director of property developer UEM Sunrise Bhd, following the completion of his service contract at holding company UEM Group Bhd.

KUALA LUMPUR (Oct 1): In response to former prime minister Datuk Seri Najib Razak's comment on housing prices, Finance Minister Lim Guan Eng said it is tough to influence the price of land, which is why the government had opted to reduce the cost of construction instead.

KUALA LUMPUR (Sept 29): Finance Minister Lim Guan Eng said he does not see how the East Coast Rail Link (ECRL) project can continue without the Selangor state government's objections being addressed.

SELANGOR (Sept 28): Property developer Mah Sing Group Bhd will launch its first project in M Aruna township in Rawang, Selangor, tomorrow (Sept 29) and Sunday (Sept 30).

KUALA LUMPUR (Sept 28): Construction costs of homes are expected to fall by 3% to 5% owing to the Sales and Service Tax (SST) exemption on basic construction materials, The Star daily reported Construction Industry Development Board (CIDB) chief executive Datuk Ahmad Asri Abdul Hamid saying today.

KUALA LUMPUR (Sept 27): Finance Minister Lim Guan Eng (pictured) said he may end up as the most unpopular finance minister in the nation's history.

KUALA LUMPUR (September 27): RAM Ratings has downgraded the long-term rating of MRCB Southern Link Bhd’s RM845 million senior sukuk to C1 from BB3 on heightened default risk following the abolishment of toll collections at the Eastern Dispersal Link (EDL) which is being taken over by the government.

KUALA LUMPUR (Sept 26): Joint management body (JMB) treasurer of Mutiara Fadason low-cost flats in Kepong, Song Kok Ann, 46, was punched in the face by a resident who was angry about the move not to use Kuala Lumpur City Hall’s (DBKL) contractor to fix broken down lifts, The Star daily reported today.

PETALING JAYA (September 26): Clare Rewcastle-Brown, editor of Sarawak Report asks the authors of Billion Dollar Whale to reveal their source, for information contained in the book on the 1Malaysia Development Bhd financial scandal.

KUALA LUMPUR (Sept 25): Just a day after announcing that employers would only have to pay 20% of the RM10,000 levy for each foreign worker, Finance Minister Lim Guan Eng today did an about-turn and said employers will have to continue to pay the levy in full.