The greedy villagers and the Chinese tycoon who tried to give them free luxury homes
Hundreds of luxury homes were built by a Chinese tycoon, to be given as a gift to the residents of his hometown.
Malaysia Rail Link clarifies CCCC will not own ECRL assets
KUALA LUMPUR (April 18): Malaysia Rail Link Sdn Bhd (MRL) clarified yesterday that a proposed joint operations agreement between the company and China Communications Construction Company Ltd (CCCC) does not involve ceding any form of ownership of the East Coast Rail Link (ECRL) to its Chinese counterpart.
China will help shoulder ECRL’s operational risk
KUALA LUMPUR (April 16): Apart from reducing the East Coast Rail Link (ECRL) construction cost by RM21.
ECRL to proceed, cost reduced by RM21.5 bil
KUALA LUMPUR (April 12): Malaysia Rail Link Sdn Bhd (MRL) and China Communications Construction Co Ltd (CCCC) have signed a supplementary agreement pursuant to the East Coast Rail Link (ECRL) project, which will proceed at a lower cost of RM44 billion compared with its original cost of RM65.
ECRL deal to include commitment from China to buy palm oil
KUALA LUMPUR (April 8): The re-negotiation of the East Coast Rail Link (ECRL) may see its construction price pegged at RM50mil-RM60mil per km, and may include a commitment by the Chinese government to buy Malaysian palm oil and bring in projects.
47 dead and hundreds injured in chemical blast
BEIJING (March 22): A blast yesterday from a chemical plant in eastern China has claimed at least 47 lives and caused injury to hundreds, with 90 of them in grave conditions.
Developer China Evergrande to diversify into electric vehicles
China Evergrande Group is China’s second-largest property developer, who are also know for investments into football clubs and spring-water companies, has declared that they can be the biggest electric vehicle manufacturer in the world within three to five years.
Cahya Mata JV entity bags RM466.68m bridge contract
KUALA LUMPUR (March 14): Cahya Mata Sarawak Bhd (CMS) said its indirect joint-venture (JV) entity has been awarded the contract to construct a bridge crossing with a connecting road in Bintulu, Sarawak for RM466.
Economy to shrink 0.11% on every 1% slowdown in China
KUALA LUMPUR (March 13): When growth slows in China, the world’s second-largest economy, the global economy would be affected and Asian economies, including Malaysia, will be the most impacted, according to MIDF Research.
JCY gets RM81 mil compensation for property relocation in China
KUALA LUMPUR (March 13): JCY International Bhd (JCY) has agreed to receive 133.
