News about Malaysia

PETALING JAYA (Sept 17): Supermarket and hypermarket operators in Malaysia are shutting down under-performing stores, Retail Group Malaysia managing director Tan Hai Hsin said.

  PETALING JAYA (Sept 17): Malaysians are still the second-largest group of buyers of Singapore’s non-landed residential properties by nationality year-to-date, according to an article in the Star today.

KUALA LUMPUR (Sept 17): The Cabinet has approved a 10-year masterplan to reform the domestic power industry, in which the government will now stop approving new independent power production projects that come with power purchase agreements (PPA).

PETALING JAYA (Sept 13): Outlook for shopping centres and the retail industry as a whole looks favourable this year on the back of the country's GDP growth beating expectations, said Finance Minister Lim Guan Eng (pictured).

KUALA LUMPUR (Sept 12): The ailing 1Malaysia People’s Housing Programme (PR1MA) received a growth spurt from the extended Home Ownership Campaign (HOC) when it was held in Sabah.

KUALA LUMPUR (Sept 12): Bank Negara Malaysia's (BNM) monetary policy committee (MPC), at its meeting today, decided to maintain the overnight policy rate (OPR) at 3%.

KUALA LUMPUR (Sept 12): Shipowner and charterer Hubline Bhd is acquiring a 75% stake in property investment company Absolute Privilege Sdn Bhd for RM16.

KUALA LUMPUR (Sept 5): At one point, Datuk Amhari Efendi Nazaruddin (pictured, left) brought home some RM75,000 per month as the special officer to Datuk Seri Najib Razak, the High Court was told today.

PETALING JAYA (Sept 5): In view of the recent tragic fire at the Sungai Lembing heritage town, the Malaysian Institute of Architects (PAM) has called for upgrades to fire and life-safety measures at all heritage buildings, particularly older buildings.

  KUALA LUMPUR (Sept 5): Datuk Amhari Effendi Nazaruddin (pictured), who is one of the star witnesses in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial involving Malaysia's sixth Prime Minister Datuk Seri Najib Razak, is expected to be grilled by the defence today.