News about Malaysia

PETALING JAYA (October 5): The Malay Economic Action Council (MTEM) has said China companies must develop smart partnerships with locals in Malaysia.

IPOH (Oct 4): It can get quite quiet in parts of this sleepy Perak capital and when a loud bang and tremor was heard and felt this morning, some folk here got a tad curious/worried.

PETALING JAYA (Oct 4): Sime Darby Property Bhd will be developing the 379,000-acre Malaysia Vision Valley (MVV) to the south of Kuala Lumpur on its own after a Memorandum of Understanding (MoU) inked with two other partners to jointly develop the project lapsed a year ago, reported The Star.

KUALA LUMPUR (Oct 3): Country Heights Holdings Bhd (CHHB), which announced on Sept 21 a plan to issue its own cryptocurrency called 'Horse Currency' that is backed by the group's existing assets, has assured shareholders it will be taking "very patient and prudent steps" in the matter.

PUTRAJAYA (Oct 3): The wife of the former prime minister, Datin Seri Rosmah Mansor (pictured), was arrested while giving her statement at the Malaysian Anti-Corruption Commission (MACC) headquarters at this afternoon, reported Bernama.

KUALA LUMPUR (Oct 3): Former prime minister Najib Razak and wife Rosmah Mansor are both being questioned today, in the investigation into alleged graft linked to state fund 1MDB.

KUALA LUMPUR (October 3): Savills Malaysia chairman Datuk Christopher Boyd said the thresholds for foreign property buyers should be removed in order to deal with the oversupply issue seen in the residential segment.

SERI KEMBANGAN (Oct 2): While the government is asking property developers to lower home prices following the Sales and Service Tax (SST) exemption on construction services and building materials, industry players said lower prices can be achieved if issues such as labour shortage and the lofty compliance and development costs are addressed.

KUALA LUMPUR (Oct 1): The Pakatan Harapan (PH) government in Putrajaya will not cancel all directly negotiated public-private partnership (PPP) projects undertaken by the previous administration, Finance Minister Lim Guan Eng assured today.

KUALA LUMPUR (Oct 1): Penang’s ambitions to build its Pan Island Link (PIL1) highway could make the state’s planned Light Rail Transit system redundant, a Universiti Sains Malaysia academic told the Malay Mail today.