Report: Malaysia-Singapore HSR deferred for two years
KUALA LUMPUR (Sept 1): The Kuala Lumpur-Singapore high-speed rail (HSR) mega project will be deferred for two years without penalty to either nation, The Edge weekly reported in its Sept 3 issue.
DNC Asiatic’s assembly plants put up for sale, says report
KUALA LUMPUR (Sept 1): Two motorcycle assembly plants belonging to DNC Asiatic Holdings Sdn Bhd have been put up for sale, according to a report by The Edge business publication.
Outgoing Prasarana CEO thanks MoF for issuance of bonds to pay staff salaries
PETALING JAYA (August 31): Prasarana Malaysia Bhd chief executive officer Masnizam Hisham has expressed appreciation to the Finance Ministry for the issuance of bonds to pay the salaries of its 17,000 employees “I am grateful and would like to thank the Finance Ministry for approving the issuance of sukuk/bonds that will allow the salaries of Prasarana staff for September and the coming months.
IGB to directly hold 49% stake in IGB REIT
KUALA LUMPUR (August 31): IGB Bhd is undertaking an internal group reorganisation which will see its 49.
Don't be shocked by PM's objections against Forest City, said Foreign Minister
PETALING JAYA (Aug 30): Tun Dr Mahathir Mohamad's objections to the RM410 billion Forest City is not shocking as he had been consistently criticising foreign investments that failed to benefit Malaysia and its citizens, said Foreign Minister Datuk Saifuddin Abdullah.
Mah Sing achieves RM942m new property sales for 1HFY18
KUALA LUMPUR (Aug 30): Mah Sing Group Bhd, which recorded a net profit of RM77.
Foreign property buyers welcomed, but no automatic residency, says Johor MB
KUALA LUMPUR (Aug 30): The Johor administration has explained that it does not “discriminate against or segregate foreign property buyers according to regions or countries of origin” but they are subject to rules and regulations when buying residential property in Iskandar Malaysia, The Star reported today.
Tabung Harapan to cease collection in September
KUALA LUMPUR (August 30): Tabung Harapan Malaysia will cease accepting donations next month said Prime Minister Tun Dr Mahathir Mohamad.
Defaulted on your obligations in China? No luxury hotel stays for you!
PETALING JAYA (Aug 30): Defaulted on your obligations? If you are a Chinese citizen, you will not be allowed to stay in starred hotels or indulge in other high-end tourism products once you are put on the Credit Beijing blacklist, reported Beijing Youth Daily.
Third Johor-Singapore link bridge wanted within 4 years
ISKANDAR PUTERI (August 30): To ease traffic conditions at the existing links, Johor plans to build a third link bridge in Sungai Rengit, Pengerang, Kota Tinggi district.
