News about Malaysia

PETALING JAYA (June 20): Malaysian Resources Corp Bhd (MRCB) has announced that its executive director Imran Salim (pictured) will be re-designated as the group managing director effective July 2 as part of MRCB’s corporate transformation plan.

KUALA LUMPUR: Bank Negara Malaysia (BNM) has highlighted that commercial banks have “considerable flexibility” to decide on mortgage approvals.

PETALING JAYA (June 19): Negeri Sembilan does not have plans to offer free water supply, says Menteri Besar Aminuddin Harun Aminuddin, adding that the state Pakatan Harapan did not make such a promise in its election manifesto.

KUALA LUMPUR (June 19): Just over a year after announcing its partnership with the Malaysian government for the Digital Free Trade Zone (DFTZ), Alibaba Group has already invested US$100 million (RM400 million) in its various initiatives here.

PETALING JAYA (June 18): China’s investors are still upbeat on Malaysia despite the government reviewing the East Coast Rail Line (ECRL) project which had been awarded to a Beijing-linked firm, said the republic’s ambassador to Malaysia Bai Tian.

KUALA LUMPUR (June 18): China’s ambitious Belt and Road Initiative (BRI) could face another setback if the Malaysian government decides to scrap the 688km East Coast Rail Link (ECRL), according to Koh King Kee, head of the Belt and Road desk at Baker Tilly Malaysia.

PETALING JAYA (June 16): The Housing and Local Government Ministry’s National Community Policy which is slated to launch in August may include proposals for larger homes for the poor, said its Minister Zuraida Kamaruddin.

UPDATE: June 15, 11am PETALING JAYA (June 14): Cradle Fund Sdn Bhd CEO Nazrin Hassan has passed away in a room fire at his semi-detached house in Mutiara Damansara here this afternoon, reported The Star.

PETALING JAYA (June 14): Negeri Sembilan-based developer Matrix Concepts Holdings Bhd has donated a further RM2 million to Tabung Harapan Malaysia, fulfilling its promise and bringing its total contribution to the fund to RM5 million.

PETALING JAYA (June 14): Dewan Bandaraya Kuala Lumpur (DBKL) will make plans to demolish fugitive Umno leader Datuk Seri Jamal Md Yunos’ restaurant in Kuala Lumpur as soon as it gets the go-ahead from the Federal Territories Land and Mines Office (PTG).