ECRL could be 'Truly Malaysia-owned'
KUALA LUMPUR (August 29): Malaysia has the capability to take on the East Coast Rail Link (ECRL) development, making it a “truly Malaysia-owned” project, and keeping costs low, say industry players.
Jaks Resources posts six-fold rise in 2Q net profit on one-off land disposal gain
KUALA LUMPUR (Aug 29): Jaks Resources Bhd’s second quarter net profit soared more than six times to RM12.
IJM Corp sees lower FY19 order book replenishment
KUALA LUMPUR (Aug 29): Builder and property developer IJM Corp Bhd expects a lower order book replenishment in the current financial year ending March 31, 2019 (FY19) as it already secured some of the jobs in FY18.
PMO: Property purchase doesn’t promise automatic residency in M'sia
PETALING JAYA (Aug 28): The Malaysian government has stressed that foreigners who wish to reside in Malaysia need to apply for permanent residency through the Malaysia My Second Home (MM2H) program.
Abuse of procurement system found at MoF, says C4
KUALA LUMPUR (Aug 28): The Ministry of Finance (MoF) under the previous administration had abused the procurement policy and system that led to the failure of enforcement by government agencies and a lack of disciplinary action against non-compliance, according to the Centre to Combat Corruption and Cronyism (C4).
AREA Group inks land deal with PNB
PETALING JAYA (28 August): The AREA Group of Companies (AREA) has signed a deal with PNB Development for the purchase of 212.
UPDATE: KPKT minister: Ban on foreign buyers at Forest City not confirmed yet
PETALING JAYA (Aug 28): The decision to ban foreign buyers of units in Country Garden Holdings' Forest City development in Johor is not official yet, said Housing and Local Government Minister Zuraida Kamaruddin.
Country Garden shares see-saw over Dr M’s foreign property ownership ban, says report
KUALA LUMPUR (Aug 28): Country Garden Holdings’ shares “see-sawed” yesterday after Malaysian Prime Minister Tun Dr Mahathir Mohamad announced that foreigners will not be allowed to buy property at the Forest City (pictured) mega project in Johor.
Matrix Concepts founder Lee now executive deputy chairman
KUALA LUMPUR (Aug 28): Matrix Concepts Holdings Bhd’s founder and major shareholder Datuk Lee Tian Hock (pictured) has been redesignated as the group’s executive deputy chairman effective Sept 1.
