Guan Eng: Cabinet decided only PM to make ECRL announcements

PUTRAJAYA (Jan 30): Finance Minister Lim Guan Eng (pictured) said today the Cabinet has decided that only Prime Minister Tun Dr Mahathir Mohamad will make announcements on the proposed RM81 billion East Coast Rail Link (ECRL) project due to the sensitivity of the contract.

READ MORE

Happy ending to Genting-Wynn dispute

KUALA LUMPUR (Jan 30): Resorts World Las Vegas (RWLV) (pictured) and Wynn Resorts Holdings LLC jointly announced on Monday that they have reached a settlement agreement on a dispute involving trade dress and copyright infringement claims surrounding the design of the US$4 billion (RM16.

READ MORE

It’s not a wage problem, houses are just too expensive

  PETALING JAYA (Jan 30): To resolve the property supply and demand mismatch in Malaysia, Khazanah Research Institute (KRI) director of research Dr Suraya Ismail opined that housing prices just need to be within the average wage earners’ affordability level.

READ MORE

New anti-graft plan after slew of scandals

PUTRAJAYA (Jan 30): Amid the slew of financial scandals seen since the change in regime last year, such as the ones involving 1Malaysia Development Bhd, Lembaga Tabung Haji and the Federal Land Development Authority, the Pakatan Harapan government yesterday launched a five-year action plan to stem similar misdeeds in the future.

READ MORE

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.

READ MORE