Goodbye MRT 3: How badly will the property market be hit?
PETALING JAYA (May 30): The government has derailed yet another mega project — the latest casualty being the third mass rapid transit (MRT 3) line.
Audit results show KL bicycle lanes safe to use, says DBKL
PETALING JAYA (May 30): The Kuala Lumpur bicycle lanes are safe for use, according to audits conducted by Pertubuhan Ikram Malaysia and Universiti Teknologi Malaysia (UTM), said Kuala Lumpur City Hall (DBKL) Civil Engineering and Urban Transportation Department director Abdul Hamid Surip.
Paramount sees near-term positive impact from GST removal
SUBANG (May 30): The zero rating of the goods and services tax (GST) that is to take effect from June 1 is seen as a positive for the property market as it would encourage people to buy properties, said Paramount Corp Bhd.
Malaysia plans to develop island in Singapore Strait, says PM
KUALA LUMPUR (May 30): The government is mulling plans to construct a small island on an outcrop of rocks near the eastern entrance to the Straits of Singapore.
KL MPs hope to retrieve 10 of the 64 dubious DBKL land plots sold
PETALING JAYA (May 30): Kuala Lumpur MPs hope to retrieve at least 10 plots of land that are still registered under the name of the Kuala Lumpur City Hall (DBKL) in the 64 parcels of land sold by DBKL under the purview of the former Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor from 2013 to 2018.
RM40b MRT3 project scrapped, says PM
PUTRAJAYA (May 30): The government is scrapping the third mass rapid transit line (MRT3) project, which is estimated to cost up to RM40 billion to build, Prime Minister Tun Dr Mahathir Mohamad said today.
MRCB falls 5.84% after high speed rail project nixed
KUALA LUMPUR (May 30): Malaysian Resources Corp Bhd (MRCB) shares fell 5.
Gamuda falls 6.05% after HSR scrapped and rating downgraded
KUALA LUMPUR (May 30): Gamuda Bhd shares fell 6.
Sabah portion of Pan Borneo Highway said to be next on chopping block
PETALING JAYA (May 30): The Sabah portion of the Pan Borneo Highway, which is estimated to cost the federal government RM12.
‘Nothing personal’ against Teresa Kok, say Protect Taman Desa Coalition coordinators
PETALING JAYA (May 30): Coordinators of Protect Taman Desa Coalition — Frank Yeh, Philip Phang and M Gunasekar — have defended the statements they made on Seputeh MP Teresa Kok (pictured), stressing that they have “nothing personal” against her and were merely sharing facts.
