Ideas: Malaysia needs to be ready for the property bubble to burst

KUALA LUMPUR (July 24): The Malaysian government needs to be ready for the nation's property bubble to burst and the risk that this could lead to an economic crisis, following spectacular growth in the high-end property segment, according to the Institute for Democracy and Economic Affairs (Ideas).

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ECRL contractor confirms staff layoffs

PETALING JAYA (July 23): China Communications Construction (ECRL) Sdn Bhd (CCC-ECRL) has confirmed that it is rationalising its staff count following the suspension of the East Coast Rail Link (ECRL), without stating the number of employees cut.

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Betong shophouses on fire

MIRI (July 23): In Betong town, part of the Sri Aman Division in southern Sarawak, a block of double-storey shophouses is on fire.

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Malaysia to table SST bill in Parliament next week

KUALA LUMPUR (July 23): Minister in the Prime Minister’s Department Datuk Liew Vui Keong said today that the Malaysian government hopes to table the sales and services tax (SST) bill in Parliament next week to replace the goods and services tax (GST).

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