News about Malaysia

KUALA LUMPUR (Aug 16): Both George Kent (Malaysia) Bhd and Malaysian Resources Corp Bhd (MRCB) yesterday clarified that the dispute between them over the financing requirements for their joint venture (JV) company that is undertaking the Light Rail Transit 3 (LRT3) project is to do with the priority of funding options.

KUALA LUMPUR (Aug 15): The building materials sector is expected to remain challenging throughout 2019 despite improving news flow for the construction sector, according to Hong Leong Investment Bank Research (HLIB Research).

KUALA LUMPUR (Aug 14): Oil and gas service provider T7 Global Bhd has teamed up with Advancecon Holdings Bhd to explore business opportunities pertaining to the RM44 billion East Coast Rail Link (ECRL) project.

  KUALA LUMPUR (Aug 14): Fugitive businessman Low Taek Jho, more commonly known as Jho Low, fled the country on May 29, 2015, two weeks after his associate Eric Tan Kim Loong had run away.

  KUALA LUMPUR (Aug 14): While the Federal Court dismissed Datuk Seri Najib Razak’s bid to postpone the 1Malaysia Development Bhd (1MDB) case from beginning on Monday (Aug 19), it remains unclear whether the trial will indeed commence on that date.

KUALA LUMPUR (Aug 14): A dispute has arisen between George Kent (Malaysia) Bhd and Malaysian Resources Corp Bhd (MRCB) over financing requirements for their joint-venture (JV) company that is undertaking the construction of the Light Rail Transit Line 3 (LRT3).

Kajang (Aug 13): Cracking walls and sudden sinkholes are worrying residents of Bandar Damai Perdana 2 in Kajang, who claimed the damage is caused by rock blasting activities at two project sites nearby.

  PUTRAJAYA (Aug 13): Datuk Seri Najib Razak's bid to postpone the 1Malaysia Development Bhd (1MDB) from beginning next Monday (Aug 19) was dismissed by the Federal Court today.

  KUALA LUMPUR: Bank Negara Malaysia (BNM) plans to demolish its mint — Kilang Wang Bank Negara Malaysia building — in Persiaran Selangor, Shah Alam, and redevelop the site as part of its mint modernisation project.

  KUALA LUMPUR (Aug 13): After the aggressive interest rate cuts last week by a handful of Asian central banks that surprised the markets, there is strong expectation that more countries will follow suit in the coming months.