HSBC Malaysia headquarters on the market
Ahead of the completion of its new RM1 billion headquarters in the Tun Razak Exchange (TRX), HSBC Bank Malaysia Bhd has placed Menara HSBC South Tower (which currently houses its main office) up for sale.
Court rules 1MDB units the rightful owner of Equanimity — report
KUALA LUMPUR (Oct 19): 1MDB Energy Holdings Ltd and 1MDB Global Investment Ltd, the subsidiaries of 1Malaysia Development Bhd (1MDB), are the rightful owners of the superyacht Equanimity (pictured), the Kuala Lumpur High Court ruled today.
11MP mid-term review: muted impact on construction sector, says CIMB Research
KUALA LUMPUR (Oct 19): CIMB IB Research has maintained its “Underweight” rating on the construction sector and said it sees muted impact on the overall sector, with no upside surprises in new contracts.
Continuation of LRT3 seen as positive for prospects of MRCB- George Kent JV
Malaysian Resources Corp Bhd (Oct 18, 77.
‘11MP review reflects Pakatan’s commitment to undertake promised reforms’
KUALA LUMPUR (Oct 19): Newly elected Port Dickson member of parliament and PKR president-elect Datuk Seri Anwar Ibrahim said the presentation of the mid-term review of the 11th Malaysia Plan (11MP) reflects the new government’s commitment towards keeping its promises of reforms to the people.
Revised 11MP lauded but execution remains key
KUALA LUMPUR (Oct 19): Economists are largely positive on the updates made to the 11th Malaysia Plan (11MP) following the government’s mid-term review of the five-year road map, as the economic and governance reforms it aspires to achieve are seen as more realistic given the fiscal condition of the nation.
Voting age in Malaysia to be lowered to 18
KUALA LUMPUR (Oct 18): The government has agreed to lower the voting age to 18 from the current 21, according to the Mid-term Review of the 11th Malaysia Plan 2016-2020 report.
Malaysia may only become high-income nation by 2024
KUALA LUMPUR (Oct 18): Malaysia's per capita income may only breach the developed nation threshold by 2024, on the back of a projected GDP growth of between 4.
M'sia to introduce a new measurement for crime index to promote safer living environment
KUALA LUMPUR (Oct 18): In light of the government's continued focus on the safety of the nation, the government has introduced a new crime index measurement.
Govt to cut development expenditure by 15% to RM220b under 11MP
KUALA LUMPUR (Oct 18): The development expenditure ceiling will be cut by RM40 billion or 15% to RM220 billion from the original allocation of RM260 billion under the 11th Malaysia Plan (2016-2020), as part of plans to consolidate the country's fiscal position.
