News about Malaysia

KUALA LUMPUR (Dec 20): Manufacturers and company owners have “questioned” the timing and government’s choice of 57 major towns and cities that will have a rise in the minimum wage from RM1,100 to RM1,200 beginning Jan 1 next year, reported The Star today.

KUALA LUMPUR (Dec 20): A unit of Puncak Niaga Holdings Bhd has received two bills of demand from the Royal Malaysian Customs Department for Goods and Services Tax payments totalling RM5.

KUALA LUMPUR (Dec 19): Former premier Datuk Seri Najib Razak's (pictured) application to call a foreign expert to examine the documents bearing his signature in the SRC International Sdn Bhd trial will be heard on Jan 7 by the High Court.

KUALA LUMPUR (Dec 18): Tun Daim Zainuddin (pictured) is worried that the Bandar Malaysia mega development could exacerbate the oversupply of property in the country.

PUTRAJAYA (Dec 17): TRX City Sdn Bhd, a wholly owned subsidiary of the Ministry of Finance Inc has signed an agreement with IWH CREC Sdn Bhd (IWH-CREC) to develop the reinstated Bandar Malaysia mega project.

PUTRAJAYA (Dec 17): The construction of Bandar Malaysia is expected to kick start “very soon” after a deal has been inked between Putrajaya and the consortium formed by lskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corporation (M) Sdn Bhd (CREC) today.

PUTRAJAYA (Dec 17): Prime Minister Tun Dr Mahathir Mohamad said the government will go ahead with the Kuala Lumpur-Singapore High Speed Rail (HSR) after making "some adjustments" to reduce the project's costs.

KUALA LUMPUR (Dec 16): The 1Malaysia Development Bhd (1MDB) US$6.

KUALA LUMPUR (Dec 16): Iskandar Waterfront City Bhd (IWCity) and Ekovest Bhd are back on the radar as their common shareholder Tan Sri Lim Kang Ho is expected to kickstart the Bandar Malaysia project (pictured) via joint venture IWH-CREC Sdn Bhd.

KUALA LUMPUR (Dec 16): Local furniture players, many of whom are lamenting that they are having a tough year with most experiencing a drop in domestic sales, are keeping an optimistic outlook for next year.