Alibaba undeterred by Malaysia’s policy shift
HANGZHOU (China): Chinese e-commerce giant Alibaba Group Holding Ltd said it remains committed to its plans in Malaysia despite uncertainty created by the Malaysian government’s review of megaprojects awarded by the previous administration.
KPKT appoints more presidents to tackle rising tribunal cases
PUTRAJAYA (July 9): The Ministry of Housing and Local Government (KPKT) has appointed 16 presidents to the Tribunal for Homebuyer Claims and Strata Management Tribunal to tackle the rising number of tribunal case in the country.
FT Minister to decide on high-rise project on former football field in KL
KUALA LUMPUR (July 9): It looks like people power in Kuala Lumpur has put the brakes on another high-rise residential project in the metropolis.
‘RM6.3b Penang project to start soon with undersea tunnel’
KUALA LUMPUR (July 9): Consortium Zenith Construction Sdn Bhd (CZC), the contractor of Penang’s RM6.
Urban well-being portfolio now supervised by the Ministry of Federal Territories, says Khalid
SHAH ALAM (July 8): The urban well-being portfolio is now under the Ministry of Federal Territories, said minister Khalid Abdul Samad.
No report about Rumawip being terminated, says minister
KUALA LUMPUR (July 8): The Ministry of Housing and Local Government (KPKT) has not received any report about the the construction of Federal Territory Houses (Rumawip) being halted, Bernama reported yesterday.
Government to use open tender system for projects, says works minister
KUALA LUMPUR (July 7): Putrajaya will use the open tender system extensively for government projects, especially for large scale ones, to make sure that public funds are well spent, Bernama reported Minister of Works Baru Bian saying today.
Too early to turn bullish on property segment, says report
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.
Trouble brewing at CCCC-George Kent JV, says report
KUALA LUMPUR (July 7): Things between China Communications Construction Co Ltd (CCCC) and its joint-venture (JV) partner George Kent (M) Bhd “is understood to be fraying at the seams because of issues” reported The Edge business weekly in its latest issue.
