PM hopes to have a decision on ECRL as soon as possible
PUTRAJAYA (Feb 2): Prime Minister Tun Dr Mahathir Mohamad reiterated today that negotiations on the fate of the East Coast Rail Link (ECRL) project are ongoing.
MBSA issues ‘stern warning’ to contractors involved in Kota Kemuning road-widening job
SHAH ALAM (Feb 1): The Shah Alam City Council (MBSA) has issued a warning letter last week to contractors who have failed to keep to the project timelines in the Kota Kemuning road-widening project, The Star reported today.
Justo of 1MDB fame wants to 'settle down in Malaysia' with family, says report
KUALA LUMPUR (Feb 1): Xavier Andre Justo, the man who played such a large role in exposing the 1Malaysia Development Bhd (1MDB) affair wants to “settle down” with his family in Malaysia, reported Free Malaysia Today (FMT).
_1_0.jpg)
China offered to reduce ECRL cost by nearly 50% - report
A report cites sources as saying that China offered to reduce the East Coast Rail Link (ECRL) project construction costs, as Prime Minister Mahathir Mohamad had, in the past stated that the Malaysian government does not have the funds to pay for the project.
These nine property developers’ Ang Pow packets are works of art
In the olden days, the Ang Pow or red packets were literally just that -- plain red envelopes that were used to wrap coins to be given to unmarried individuals or children by the elderly or married couples as a blessing during the Chinese New Year.
AmanahRaya REIT CEO resigns after just 3 months on the job
KUALA LUMPUR (Feb 1): AmanahRaya Real Estate Investment Trust (REIT)’s chief executive officer (CEO) Zalila Mohd Toon, 58, has resigned just after three months on the job.
Deloitte fined RM2.2m over 1MDB scandal
KUALA LUMPUR (Feb 1): In the first case of an audit firm being penalised in connection with the 1Malaysia Development Bhd (1MDB) scandal, the Securities Commission Malaysia (SC) yesterday fined Deloitte PLT RM2 million for failing to discharge its statutory obligations, including not immediately reporting irregularities.
Malaysia lets Goldman decide how much to pay
KUALA LUMPUR (Feb 1): The Malaysian government will let Goldman Sachs Group Inc decide how much to pay of the US$7.
Vizione-Vertice JV accepts RM815m Penang Mega Infrastructure job
KUALA LUMPUR (Feb 1): Vizione Holdings Bhd announced yesterday that its joint venture company with Vertice Bhd has accepted the RM815 million contract from Consortium Zenith Construction Sdn Bhd to undertake construction works for Package 2 of the Penang Mega Infrastructure project.
The Edge chairman gifts 1MDB whistle-blower Justo US$2 million
(Jan 31): The Edge Media Group chairman Datuk Tong Kooi Ong has gifted whistle-blower Xavier Andre Justo RM8.
