Putrajaya approves continuation of LRT3 at a final cost of RM16.63 billion
KUALA LUMPUR (July 12): The Pakatan Harapan government has approved the continuation of the light rail transit 3 (LRT3) project (pictured) at a final cost of RM16.
Abdul Wahid Omar retires as Amanah Harta Tanah PNB chairman
KUALA LUMPUR (July 11): Tan Sri Abdul Wahid Omar (pictured) has retired from his position as chairman of property trust fund Amanah Harta Tanah PNB (AHP).
BNM keeps OPR at 3.25%, says positive growth expected to be sustained
KUALA LUMPUR (July 11): Bank Negara Malaysia (BNM) has maintained the overnight policy rate (OPR) at 3.
MRT Corp still studying cost cutting measures for MRT2
PETALING JAYA (Jul 11): The analysis to reduce the cost of construction for the MRT Sungai Buloh-Serdang-Putrajaya Line (MRT2) is still ongoing, and Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) said it might “take some time” for it to finalise the study.
KPKT may seek to lift ban on new luxury homes
PETALING JAYA (July 11): The Housing and Local Government Ministry may seek to lift the current freeze on new luxury residential developments, prompted by signs that the economy is improving, said its minister Zuraida Kamaruddin.
Condo development on football field will proceed, says KL mayor
KUALA LUMPUR (July 11): The high-rise residential project on a football field in Bandar Tun Razak, Kuala Lumpur would be allowed to proceed as scheduled by the authorities.
Finance minister: Prasarana has to slash more than RM6b for LRT3
KUALA LUMPUR (July 10): The Ministry of Finance will not provide additional funding for the Light Rait Transit 3 (LRT3) project unless cost “is significantly rationalised without compromising on the integrity of the rail network as well as the safety and the quality of service provided,” finance minister Lim Guan Eng (pictured) said in a press release today.
DBKL orders 4 eateries to clean up their act
KUALA LUMPUR (July 10): Four restaurants in the city were made to close and clean up their premises after Kuala Lumpur City Hall (DBKL) swooped in to scrutinise their hygiene and cleanliness.
Scrapping of LRT3 unlikely despite cost overruns
KUALA LUMPUR (July 10): Analysts reckon the third light rail transit (LRT3) line in the Klang Valley is not in danger of being dropped despite talk of Putrajaya reviewing the project because of massive cost overruns.
HLIB: Property buyers in wait-and-see mode pending new govt policies post-GE14
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).
