MyHSR Corp seeks technical advisory consultant for KL-Singapore HSR line
KUALA LUMPUR (April 8): MyHSR Corp Sdn Bhd is seeking a Technical Advisory Consultant (TAC) for the suspended Kuala Lumpur-Singapore High-Speed Railway line (HSR).
EPF adopts UN-supported principles for responsible investment
KUALA LUMPUR (April 8): The Employees Provident Fund (EPF) announced today that it has signed the United Nations-supported Principles for Responsible Investment (UN-suported PRI), under which it has pledged its commitment towards environment, social and governance (ESG) best practices and sustainable investing principles.
IWCity continues to rise on possible revival of mega projects
KUALA LUMPUR (April 8): Shares of Iskandar Waterfront City Bhd (IWCity) rose as much as 12% in active trades this morning, as positive sentiment over the possible revival of the East Coast Rail Link (ECRL) continues to improve sentiment surrounding mega projects in the country.
PJ Section 14 high-rise proposal met with protests
PETALING JAYA (April 8): A proposed high-rise mixed development project located on a plot of land in near the Asia Jaya LRT station has met with protests from Section 14 residents.
Penang CM: Report that says PIL 1 and LRT construction to begin next year is unsubstantiated
KUALA LUMPUR (April 8): Approval for the light rail transit (LRT) and Pan Island Link 1 (PIL 1) projects are yet to be obtained, said Penang chief minister Chow Kon Yeow.
ECRL deal to include commitment from China to buy palm oil
KUALA LUMPUR (April 8): The re-negotiation of the East Coast Rail Link (ECRL) may see its construction price pegged at RM50mil-RM60mil per km, and may include a commitment by the Chinese government to buy Malaysian palm oil and bring in projects.
DBKL to potentially recoup RM466m from land deals review, says Khalid
KUALA LUMPUR (April 8): The review of 97 Kuala Lumpur City Council (DBKL) land deals is slated to recoup RM466 million to the Federal Territories Ministry's coffers, said its minister Khalid Abdul Samad.
Sunway REIT's proposed RM10b perpentual bonds more good than bad, says HLIB Research
KUALA LUMPUR (April 8): Sunway Real Estate Investment Trust (REIT)'s proposed RM10 billion perpetual note programme, which will increase the group's debt headroom without diluting earnings and distribution per unit (EPU and DPU), is a positive development, according to Hong Leong Investment Bank (HLIB) Research.
Penang’s PIL and LRT projects to start next year — report
GEORGE TOWN (April 8): The light rail transit (LRT) line and the Pan Island Link 1 (PIL 1) have been scheduled to begin in June next year.
Pavilion REIT to relook Bukit Jalil mall ownership
KUALA LUMPUR (April 8): Pavilion Real Estate Investment Trust (REIT) has opted not to participate in the ownership of the under-construction Pavilion Bukit Jalil mall to avoid unwanted risks, but believes the asset will be worth reconsidering upon its completion, said its manager.
