Gamuda’s proceeds from water deal likely to end in Penang transport project
Gamuda Bhd (Aug 6, RM3.
‘Equanimity must be sold to get something back for Malaysians’
KUALA LUMPUR (August 7): The federal government will eventually dispose of the Equanimity super yacht, which has been linked to funds misappropriated from 1Malaysia Development Bhd (1MDB), according to Finance Minister Lim Guan Eng.
Sarawak schools to be connected to grid
SIBU (August 6): The Education Ministry has agreed to connect Sarawak schools that were previously powered by generator sets to the grid system, setting aside an allocation of RM400 million, and adding RM35.
Only one RM5m development project discontinued — Economic Affairs Ministry
KUALA LUMPUR (Aug 6): Only one development project allocated RM5 million has been discontinued, while 278 projects allocated RM1.
Protest calls for PIL 1 to be scrapped
GEORGE TOWN (August 6): In a peaceful protest held outside the state legislative assembly today, residents’ associations and Penang Forum members called for the cancellation of the Pan Island Link 1 (PIL 1), and review of the Penang Transport Master Plan (PTMP).
PRG says HK-listed subsidiary Furniweb issues profit warning
KUALA LUMPUR (Aug 6): PRG Holdings Bhd's 75%-owned Hong Kong-listed subsidiary Furniweb Holdings Ltd had today issued a profit warning after a preliminary review of Furniweb's unaudited accounts for the six months ended June 30, 2018 (1HFY18).
Deadly accidents at Country Garden’s building sites in China
Top China developer Country Garden Holdings Co recently hit the news for the wrong reasons.
Azmin to issue statement on KL-S'pore HSR
KUALA LUMPUR (Aug 6): Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said his ministry will issue a statement at a later stage on details of the planned Kuala Lumpur-Singapore High Speed Rail (HSR).
Minister: Database could identify deserving buyers of affordable homes
KUALA TERENGGANU (August 4): Deputy Housing and Local Government Minister Datuk Raja Kamarul Bahrin Shah says that a central database on home ownership may help housing issues.
Khazanah tourism arm to sell six parcels of sea-front land
PETALING JAYA (August 4): Sovereign wealth fund Khazanah Nasional Bhd's leisure and tourism arm Themed Attractions & Resorts Sdn Bhd (TARH) has invited potential investor to choose from six sea-fronting parcels of land in Desaru Coast, Desaru Johor.
