News about Malaysia

KUALA LUMPUR (July 9): UOB Kay Hian Securities (M) Sdn Bhd believes Malaysian Resources Corp Bhd (MRCB) would not be affected if Prasarana Malaysia Bhd is unable to raise additional funds to complete the construction of the third light rail transit (LRT3), which has reached 10% to-date.

KUALA LUMPUR (July 9): A builder has told residents whose homes are on the hill slopes of Jalan Bukit in Kajang that “all due care will be taken in the construction of a three-block 1Malaysia People’s Housing Scheme (PR1MA) apartment project nearby”, reported The Star today.

KUALA LUMPUR (July 7): News that the Housing and Local Government Ministry is in talks with Bank Negara Malaysia to draw out the guidelines for a more relaxed loan scheme for some homebuyers may raise hopes of better earnings for the property firms.

KUALA LUMPUR (July 6): The new Pakatan Harapan government will continue to roll out the 1,060km-long Pan Borneo Highway (pictured) linking Sabah and Sarawak in East Malaysia, but the mega infrastructure project will be "looked into" to reduce its costs — expected at RM16 billion — said Works Minister Baru Bian.

The property market is still soft with most developers experiencing slow sales.

PETALING JAYA (July 5): Those buying homes at the Malaysia Property Expo (Mapex) in Penang will be exempted from approval fees, said state executive council member Jagdeep Singh Deo.

There has been a long ongoing debate on form versus function but advancements in construction and green technology are allowing property developers to come up with buildings and structures that are both aesthetically pleasing and sustainable in the long-run.

PETALING JAYA (July 5): The proposed mortgage with less stringent lending requirements by banks mooted by the Housing and Local Government Ministry (KPKT) that is aimed at benefiting the M40 and B40 groups may not be a good move, said the Institute for Democracy and Economic Affairs (IDEAS) senior fellow Dr Carmelo Ferlito.

KUALA LUMPUR (July 5): Datuk Seri Najib Razak became the first ex-prime minister in Malaysia to be charged in court when he was slapped with three counts of criminal breach of trust and one count of abuse of power yesterday.

PETALING JAYA (July 4): China Communications Construction Company (CCCC) has “no choice” but to follow the suspension order issued by Malaysia Rail Link Sdn Bhd over the controversial East Coast Rail Link (ECRL) project, it said in a statement today.