RM40b MRT3 project scrapped, says PM
PUTRAJAYA (May 30): The government is scrapping the third mass rapid transit line (MRT3) project, which is estimated to cost up to RM40 billion to build, Prime Minister Tun Dr Mahathir Mohamad said today.
Gamuda falls 6.05% after HSR scrapped and rating downgraded
KUALA LUMPUR (May 30): Gamuda Bhd shares fell 6.
BNM overpaid in RM2b MoF land deal, said sources
PETALING JAYA (May 30): Bank Negara Malaysia (BNM) is believed to have overpaid for a 67.
UN-Habitat and Think City join hands to enrich cities in Malaysia and the world
PETALING JAYA (May 28): UN-Habitat has recently signed a Memorandum of Understanding (MoU) in London with Think City for a strategic partnership to advocate and promote the New Urban Agenda (NUA) and the United Nation’s Sustainable Development Goals (SDG), specifically SDG 11, which aims to make cities and human settlements inclusive, safe, resilient and sustainable.
DONE DEAL: Condominium at Kiara 1888, Mont'Kiara, KL
Sold for: RM800,000 (RM489 psf) Concluded by: Michelle Cheong (REN 18391, 016-502 0868) and Bonnie Poo (REN 18552, 012-256 7566) of Landbanc Property When: December 2017 Noteworthy: ● Freehold ● High floor unit with built-up of 1,636 sq ft ● 3 + 1 bedrooms and 3 bathrooms ● Fully furnished with furniture, wallpaper, kitchen cabinet and curtains ● Accessible via Jalan Segambut, the Sprint Highway, Jalan Duta-Sungai Buloh Highway, Kerinchi Link and North-South Expressway ● Facilities include infinity pool, Jacuzzi, gymnasium, nature park, meditation garden and spa pavilion Completed in end-2008, Kiara 1888 is Mitraland Group’s first luxury high-rise residential development in Mont’Kiara with just 182 units of condominium spread across a 26-storey tower.
Bank Negara Malaysia says 'extended comprehensive information' on land transaction to MACC
KUALA LUMPUR (May 24): Bank Negara Malaysia (pictured) said it has extended comprehensive information on the central bank's land transaction to the Malaysian Anti-Corruption Commission (MACC) for the MACC's complete and independent review.
WSJ: Money from Bank Negara land deal used to pay IPIC
KUALA LUMPUR (May 24): Money used to pay off US$500 million (RM1.
SunCon bags piling projects worth RM69.5m
KUALA LUMPUR (May 24): Sunway Construction Group Bhd (SunCon) has bagged two construction jobs worth a total of RM69.
No more landbanking activities seen for Hua Yang
Hua Yang Bhd (May 23, 45 sen) Maintain market perform with a lower target price (TP) of 47 sen: Hua Yang Bhd’s core net profit (CNP) for its financial year 2018 (FY18) ended March 31, 2018 of RM4.
Ayer Holdings CEO Eugene Khoo resigns
KUALA LUMPUR (May 23): Eugene Khoo Kong Hooi (pictured) has resigned as the chief executive officer (CEO) of property development firm Ayer Holdings Bhd.
