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KUALA LUMPUR (Jan 31): Ark Resources Holdings Bhd has entered into a joint venture agreement to develop a piece of land in Balik Pulau, Penang.

PUTRAJAYA (Jan 30): A stop work order has been issued to Eco World Development Group Bhd (EcoWorld) after a construction mishap at the ex-Pudu Jail site of the Bukit Bintang City Centre (BBCC) project, reported the Malay Mail today.

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.

PUTRAJAYA (Jan 30): The Malaysian government expects to be able to recover the first tranche of funds that have been stolen through 1Malaysia Development Bhd (1MDB) within this year, according to Finance Minister Lim Guan Eng (pictured).

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.

  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.

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.

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.

PETALING JAYA (Jan 29): Malaysia’s new National Housing Policy (Dasar Perumahan Negara/DRN) 2018-2025 provides  property developers with more clarity on the  possible ways the private and public sector can work together to resolve the market mismatch issue in the country, said Real Estate and Housing Developers’ Association Malaysia (Rehda) President Datuk Soam Heng Choon.

GEORGE TOWN (Jan 29): The Penang government has still not received the final feasibility report on the planned undersea tunnel, said Chow Kon Yeow (pictured), reported the Malay Mail yesterday.