No cap on civil servants’ debt service ratio for mortgages — Bank Negara
KUALA LUMPUR: Bank Negara Malaysia (BNM) has highlighted that commercial banks have “considerable flexibility” to decide on mortgage approvals.
Penang CM hopes LRT project is implemented within 5 years
PETALING JAYA (June 19): Penang Chief Minister Chow Kon Yeow (pictured) is aiming for the light rail transit (LRT) project under the Penang Transport Master Plan to commence within five years.
Free water not part of pledge in Negeri Sembilan
PETALING JAYA (June 19): Negeri Sembilan does not have plans to offer free water supply, says Menteri Besar Aminuddin Harun Aminuddin, adding that the state Pakatan Harapan did not make such a promise in its election manifesto.
HSR’s cheaper alternative may be penny wise, pound foolish, say experts
PETALING JAYA (June 19): A cheaper alternative to the Kuala Lumpur-Singapore high-speed rail (HSR) project may turn out to be penny wise, pound foolish, as it may cost more in terms of time and effort – and possibly leave Malaysia and Singapore out of a future regional HSR loop, warned analysts.
People in East Coast still hopeful for ECRL
PETALING JAYA (June 19): People from the East Coast are still hopeful that the East Coast Rail Link (ECRL) project will go on as scheduled, reported Bernama.
Amirudin Shari is new Selangor MB
PETALING JAYA (June 19): Sungai Tua assemblyman Amirudin Shari has been sworn in as the 16th Selangor Chief Minister this morning, replacing Datuk Seri Mohd Azmin Ali who is now serving as the Economic Affairs Minister.
Alibaba’s investment in Malaysia is US$100m and counting
KUALA LUMPUR (June 19): Just over a year after announcing its partnership with the Malaysian government for the Digital Free Trade Zone (DFTZ), Alibaba Group has already invested US$100 million (RM400 million) in its various initiatives here.
Y&G aborts plan to buy RM31m land in Pontian
KUALA LUMPUR (June 19): Y&G Corp Bhd has withdrawn plans to buy two adjacent parcels of freehold land totalling 23.
China investors still upbeat on Malaysia despite ECRL review
PETALING JAYA (June 18): China’s investors are still upbeat on Malaysia despite the government reviewing the East Coast Rail Line (ECRL) project which had been awarded to a Beijing-linked firm, said the republic’s ambassador to Malaysia Bai Tian.
Pulau Sembilan near Perak to re-open by year-end
PETALING JAYA (June 18): Pulau Sembilan, a group of islands off the coast of Bagan Datuk, Perak, is scheduled to re-open for tourism again by the end of this year, reported Malay Mail.
