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KUALA LUMPUR (June 27): The government has to pay RM18 billion compensation to abolish tolls along the four intra-Klang Valley highways owned by Gamuda Bhd if the Minister of Finance Inc (MoF Inc) does not take over the concessionaires, said Finance Minister Lim Guan Eng.

KUALA LUMPUR (June 26): One way to resolve the property overhang is to stop being so strict over Malaysia My Second Home (MM2H) applications from Chinese nationals, said a developer.

KUALA LUMPUR (June 26): The next building and property development trend will be to build for wellness of its inhabitants, said immediate past president of Pertubuhan Akitek Malaysia (PAM) Ezumi Harzani and chairman of the Green Building Index Sdn Bhd.

KUALA LUMPUR (June 26): A penthouse in Manhattan’s Walker Tower, USA, allegedly purchased with money funnelled from 1Malaysia Development Bhd (1MDB), will be put up for sale.

KUALA LUMPUR (Jun 25): Construction company TRC Synergy Bhd expects to post flat revenue growth in the current financial year ending Dec 31, 2019 (FY19) on fewer construction jobs.

  KUALA LUMPUR (June 25): Fajarbaru Builder Group Bhd has secured a RM297.

LONDON (June 24): Despite the challenging market and amidst negative news about Brexit, the Battersea Power Station development in London continues to attract domestic and foreign buyers as its residential projects have achieved about £120 million (RM634 million) in sales over the past 12 months.

KUALA LUMPUR (June 24): Lawyers appearing for Goldman Sachs International, which is facing four summonses by the prosecution for capital market offences, have sought further time to study the summons served against the multinational investment bank and financial services company.

KUALA LUMPUR (June 24): The trade diversion benefits caused by the ongoing US-China dispute may not necessarily translate into longer term developments that can contribute to the economy, says International Monetary Fund (IMF) managing director Christine Lagarde.

KUALA LUMPUR (June 24): Rare earths producer Lynas Corp says today that it is committed to relocating the first stage processing of its rare earth – where the material is separated from the low level, naturally occuring radioactive material (NORM) it is found with – to Australia over the next five years.