News about la

The Government has decided to continue the Bandar Malaysia project which spans 486 acres in Sungai Besi, Kuala Lumpur after negotiating to obtain better terms for the government.

The government will allocate RM15 million for the Bandar Selamat initiative and will cooperate with the local authorities to prepare road lamps, motorcycle parking areas with a safety and anti-Panjat fence and other security programmes.

The Government also wanted to strengthen the trade relationship with Thailand through the development of logistic hubs in the Special Border Economic Zone (SBEZ) of the Kota Perdana in Bukit Kayu Hitam of 100 acres.

The Government is implementing feasibility studies for the development of Carey Island for its next growth phase to make port Klang the Regional Maritime Center and cargo logistic hub.

KUALA LUMPUR (Oct 11): Malaysia's 2020 inflation, as measured by the consumer price index (CPI), is expected to rise 2% from a year earlier due to dissipating base factors and after taking into account the implementation of the nation's departure levy in 2019, according to Ministry of Finance's (MoF) Economic Outlook 2020 report.

KUALA LUMPUR (Oct 11): Syarikat Perumahan Negara Bhd (SPNB) has come under attack from opposition party MCA over delayed payments to contractors involved in the Rumah Mesra Rakyat 1Malaysia (RMR1M) projects, reported The Star today.

KUALA LUMPUR (Oct 11): Cypark Resources Bhd has partnered with three parties to jointly develop renewable energy projects, consisting of two solar photovoltaic and another waste-to-energy (WTE).

PETALING JAYA (Oct 10): The government is anticipated to ink the development agreement for the long-held up controversial Penang tunnel project tomorrow morning just before the Budget 2020 tabling, sources said.

KUALA LUMPUR (Oct 10): Risks to Malaysia's economic growth outlook continue to tilt towards the downside in anticipation that a sharper-than-expected slowdown in major economies, unresolved trade tension and a maturing global technology cycle could weigh on the country's export demand in the near term.

SHAH ALAM (Oct 10): Merge Energy Bhd's shareholders have given their nod for its proposed diversification into the property sector at the group's extraordinary general meeting (EGM) today.