News about ST

PETALING JAYA (June 29): It has been reported that Malaysia’s Finance Ministry is looking for real estate agents to sell a building in Hong Kong that houses the consular-general and a number of government agencies.

KUALA LUMPUR (June 28): Sunway Construction Group Bhd (SunCon) has secured three projects worth a total of RM496.

KUALA LUMPUR (June 27): The government has to pay RM18 billion compensation to abolish tolls along the four intra-Klang Valley highways owned by Gamuda Bhd if the Minister of Finance Inc (MoF Inc) does not take over the concessionaires, said Finance Minister Lim Guan Eng.

KUALA LUMPUR (June 26): A penthouse in Manhattan’s Walker Tower, USA, allegedly purchased with money funnelled from 1Malaysia Development Bhd (1MDB), will be put up for sale.

LONDON (June 24): Despite the challenging market and amidst negative news about Brexit, the Battersea Power Station development in London continues to attract domestic and foreign buyers as its residential projects have achieved about £120 million (RM634 million) in sales over the past 12 months.

KUALA LUMPUR (June 24): The trade diversion benefits caused by the ongoing US-China dispute may not necessarily translate into longer term developments that can contribute to the economy, says International Monetary Fund (IMF) managing director Christine Lagarde.

KUALA LUMPUR (June 24): Rare earths producer Lynas Corp says today that it is committed to relocating the first stage processing of its rare earth – where the material is separated from the low level, naturally occuring radioactive material (NORM) it is found with – to Australia over the next five years.

KUALA LUMPUR (June 24): Local think tank Socio-Economic Research Centre (SERC) says it will be "still quite challenging" for Malaysia to achieve a gross domestic product (GDP) growth of 5% for the full year of 2019 due to the contraction in export and slowdown in private investment figures.

JOHOR BAHRU (June 24): Country Garden Pacificview Sdn Bhd (CGPV) the developer of Forest City in Johor has handed over the Tanjung Adang Forest City Park to the Johor Islamic Religious Council (MAIJ) in a ceremony yesterday.

GEORGE TOWN (June 21): The proposed Light Rail Transit (LRT) alignment will not affect the Masjid Jamek and its burial grounds in Sungai Nibong Besar, Penang Chief Minister Chow Kon Yeow ensured today, reported The Star.