FIC’s Kuching hotel may be sold at a loss
PETALING JAYA (June 2): A four-star hotel in Kuching, Sarawak, acquired by Felda Investment Corp Sdn Bhd (FIC) at an inflated price may have to be sold at a loss, reported The Edge weekly.
Exchange 106 required MoF fund injection, says finance minister
PETALING JAYA (June 2): The development of The Exchange 106 (formerly known as Signature Tower) in the Tun Razak Exchange (TRX) international financial district required financing from the Ministry of Finance (MoF), which was not reflective of the 49:51 shareholding structure of the project between the ministry – via its unit MKD Signature Sdn Bhd - and Indonesia’s Mulia Group.
Iskandar Malaysia’s property market could take a hit
With the Kuala Lumpur-Singapore high-speed rail (HSR) aborted, Singapore’s Jurong Lake District could lose some of its shine.
Ting to resubmit Langkawi New City proposal
PETALING JAYA (June 1): Sarawakian tycoon Tan Sri Ting Pek Khiing will submit a fresh proposal for the RM30 billion Langkawi New City project to the Kedah state government, reported Bernama.
JB-Woodlands RTS to proceed albeit slight delay — MoT
KUALA LUMPUR (June 1): The Ministry of Transport has indicated the government intends to proceed with the four-km Rapid Transit System (RTS) that connects Johor Bharu and Woodlands in Singapore.
Tropicana chairman Othman Abd Razak resigns after less than a year on the job
KUALA LUMPUR (June 1): Tropicana Corp Bhd's independent and non-executive chairman Tan Sri Othman Abd Razak has resigned from his position after a little less than 10 months on the job, citing personal commitment.
Penang awaits federal govt decision on Penang Transport Master Plan
PETALING JAYA (June 1): The Penang government is waiting for the federal government to decide on whether to review the Penang Transport Master Plan (PTMP) project.
PM Mahathir: Malaysia reviews mega projects 'according to contract'
PETALING JAYA (June 1): Malaysia Prime Minister Tun Dr Mahathir Mohamad said the government will respect the terms of contracts inked by the previous administration in relation to mega projects in the country.
Kedah govt did not consider project as no deposit paid
PETALING JAYA (June 1): Prime Minister Tun Dr Mahathir Mohamad will not be officiating the RM30 billion Langkawi New City project announced yesterday by Ting Pek Khiing, reported Malaysiakini.
House in coastal village collapses, 27 escape unhurt
SANDAKAN (June 1): The family staying in a seven-room house in the coastal Sim Sim Water Village managed to escape unhurt when the house collapsed into the sea early today.
