Both IGB REIT assets expected to continue to perform well
GB Real Estate Investment Trust (July 16, RM1.
Guan Eng: LRT3 is a mini 1MDB scandal
KUALA LUMPUR (July 17): The light rail transit Line 3 (LRT3) project is a mini 1Malaysia Development Bhd (1MDB) scandal due to the opaque nature of the transactions pertaining to the megaproject, said Finance Minister Lim Guan Eng.
Datapulse mulling purchase of Geo Hotel Kuala Lumpur
SINGAPORE (July 17): Datapulse Technology yesterday said it has entered into a non-binding letter of intent with ICP Ltd to acquire MHI MY 1 Pte Ltd, a joint-venture company with an issued and paid-up share capital of S$1,500 (RM4,439.
Ecoworld Ballymore completes first tower of London City Island phase two six months early
LONDON CITY ISLAND (July 17): Property developer Ecoworld-Ballymore Holding Co Ltd has completed and handed over the first tower of phase two of London City Island (LCI) development six months ahead of schedule yesterday.
Melaka Gateway remains on-track, says concessionaire
KUALA LUMPUR (July 16): The RM43 billion Melaka Gateway project is on-track, says its concessionaire, brushing aside concerns it is being reviewed by the new government and may be shelved.
MoT alleviates concerns over LRT3 rationalisation
KUALA LUMPUR (July 16): The Ministry of Transport (MoT) today sought to alleviate concerns over the "rigorous cost rationalisation" of the Light Rail Transit Line 3 (LRT3) project, saying the move would lead to higher operational viability and lower ticket fares.
KL-S'pore HSR: Azmin says to meet Singapore counterpart soon
KUALA LUMPUR (July 16): Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said he hopes to meet his Singapore counterpart "by the end of the month" to discuss details of the planned Kuala Lumpur-Singapore High Speed Rail (HSR).
Energy efficiency, smart parking and 1,041 CCTVs for Penang
PETALING JAYA (July 16) — By May 2019, Penang will have 911 units of CCTV installed on the island and 130 units on the mainland, bringing the total to 1,041 units, said state exco Jagdeep Singh Deo.
KL lawmakers to be represented in City Hall
KUALA LUMPUR (July 16): Kuala Lumpur’s members of Parliament will take part in a consultative council to bring up issues of public concern to Kuala Lumpur City Hall (DBKL).