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KUALA LUMPUR (July 9):  The deadline for Prasarana Malaysia Bhd and Singapore’s SMRT Corp Ltd to create a joint-venture company to operate the Johor Bahru-Singapore Rapid Transit System (RTS) Link has been missed, Singapore’s transport minister Khaw Boon Wan has been reported as saying.

KUALA LUMPUR (July 9): While Hong Leong Investment Bank Bhd says it can't rule out a mild recovery of interest in the property sector given the trough valuation and domestic growth focus theme with possible introduction of new policies, it said developers' full year sales may still fall short of targets, as sales would likely remain soft after the 14th general election (GE14).

KUALA LUMPUR (July 9): Malaysia Rail Link Sdn Bhd (MRL), the project owner of the RM81 billion East Coast Rail Link, has dismissed today news reports that suggest construction work is continuing on the ECRL despite a suspension order having been issued.

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.

PETALING JAYA (July 9): All 50 units of Ramah Pavilion condominium in Teluk Kumbar, Penang island, under the developer’s rent-to-own (RTO) scheme were taken up by interested buyers within two months after the scheme was introduced in mid-April.

KUALA LUMPUR (July 9): Former prime minister Datuk Seri Najib Tun Razak today paid up the remaining half a million ringgit of his RM1 million bail over his case involving three counts of criminal breach of trust and one count of abuse of power relating to RM42 million belonging to SRC International Sdn Bhd, reported Bernama.

KUALA LUMPUR (July 9): The Republic of Singapore is still waiting for an official reply from Malaysia about the status of the mega Kuala Lumpur-Singapore high-speed rail (HSR) project.

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.

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.

KUALA LUMPUR (July 9): A builder has told residents whose homes are on the hill slopes of Jalan Bukit in Kajang that “all due care will be taken in the construction of a three-block 1Malaysia People’s Housing Scheme (PR1MA) apartment project nearby”, reported The Star today.