Keep ECRL issues low profile, says trade chamber

KUALA LUMPUR (Feb 13): Both the Malaysian and Chinese governments' handling of sensitive issues surrounding the proposed RM81 billion East Coast Rail Link (ECRL) project, which is a matter of great concern to many parties, should be kept to a low profile, said the Malaysia-China Chamber of Commerce (MCCC) today.

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China offered to reduce ECRL cost by nearly 50% - report

  A report cites sources as saying that China offered to reduce the East Coast Rail Link (ECRL) project construction costs, as Prime Minister Mahathir Mohamad had, in the past stated that the Malaysian government does not have the funds to pay for the project.

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Developers foresee dark times due to glut, worse than 1999 crisis

GEORGE TOWN (Jan 30): The issue of oversupply of homes in the country is worsening, and authorities need to take action, especially in the affordable housing category, say developers, The Malay Mail reports that Penang Real Estate and Housing Developers Association (Rehda) chairman Datuk Toh Chin Leong said this was also why the National Home Ownership Campaign was being conducted.

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