News about l

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.

  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.

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.

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.

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.

KUALA LUMPUR (Feb 1): The Malaysian government will let Goldman Sachs Group Inc decide how much to pay of the US$7.

  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.

(Jan 31): The Edge Media Group chairman Datuk Tong Kooi Ong has gifted whistle-blower Xavier Andre Justo RM8.

KUALA LUMPUR (Jan 31): Crest Builder Holdings Bhd's unit has bagged a contract worth RM99.

PETALING JAYA (Jan 31):  The stamp duties on property sales and purchase agreements (SPA) for properties priced up to RM1 million and for loan agreements of up to RM2.