Reverting to original LRT 3 design can cut costs by RM6bn
PETALING JAYA (July 10): Almost RM6 billion can be shaved from the cost of the light rail transit line 3 (LRT 3) project if it follows its original design, reported The Star citing sources.
MRCB believed to discuss LRT3 with Prasarana, George Kent
Malaysian Resources Corp Bhd (July 9, 60 sen) Maintain buy with an unchanged target price (TP) of RM1.
Scrapping of LRT3 unlikely despite cost overruns
KUALA LUMPUR (July 10): Analysts reckon the third light rail transit (LRT3) line in the Klang Valley is not in danger of being dropped despite talk of Putrajaya reviewing the project because of massive cost overruns.
MRCB not affected if Prasarana fails to secure additional RM10b funding to complete LRT3, says UOB KayHian
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.
Penang agrees to waive approval fees for Mapex property buyers
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.
Najib pleads not guilty, granted RM1m bail
KUALA LUMPUR (July 4): Embattled former Prime Minister Datuk Seri Najib Razak has pleaded not guilty over four charges read against him in relation to embezzlement of funds belonging to SRC International Sdn Bhd.
UPDATE: Najib becomes first Malaysian ex-PM to be charged in court
KUALA LUMPUR (July 4): Datuk Seri Najib Razak has arrived at the Jalan Duta Court Complex to become the the first Malaysian former prime minister to be charged at the court of law.
FT Ministry to start internal investigation into land sales
PETALING JAYA (July 3): The Federal Territories Ministry will start an internal investigation into the alleged sale of 64 parcels of government land by Dewan Bandaraya Kuala Lumpur (DBKL) to developers, reported Bernama.
MACC arrests former PM Najib
KUALA LUMPUR (July 3): Former prime minister Datuk Seri Najib Razak (pictured) has been arrested, according to police and Malaysian Anti-Corruption Commission (MACC) sources.
Don't worry too much about KL property glut as market will eventually adjust itself, says MIP president
PETALING JAYA (July 3): The housing and commercial property glut in Kuala Lumpur is not a great cause for concern as the market will eventually adjust itself to accommodate the excessive supply, said the Malaysian Institute of Planners (MIP) president Ihsan Zainal Mokhtar.
