Singapore agrees to suspend RTS again — until April 30 next year
KUALA LUMPUR (Nov 5): Singapore has agreed to a request by Malaysia to suspend the cross-border Rapid Transit System (RTS) link by a further six months until April 30, 2020.
Genting Malaysia unit buys 13.2 million Empire shares from Kien Huat
KUALA LUMPUR (Nov 5): Genting Malaysia Bhd's wholly-owned subsidiary Genting (USA) Ltd (GenUSA) had on Monday (Nov 4) purchased 13.
Tycoon Chen Lip Keong holds 92.14% of Karambunai shares as offer closes
KUALA LUMPUR (Nov 5): Tan Sri Dr Chen Lip Keong and the parties acting in concert in the offer for Karambunai Corp Bhd (KCB)’s shares have ended up with 5.
Pulau Indah power plant project not terminated as new capacity needed to meet demand in central region, says minister
KUALA LUMPUR (Nov 5): The government decided to proceed with the power generation project on Pulau Indah partly because there is a need to raise supply in the central region to cope with the strong demand, especially in the Klang Valley which accounts for 43% of the total demand in the peninsula, according to Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin.
MMAG to sell vacant industrial land in Klang for RM13m
KUALA LUMPUR (Nov 5): MMAG Holdings Bhd is planning to dispose of a piece of freehold vacant industrial land in Klang for RM13 million in cash to Acter Carton Enterprise Sdn Bhd.
Most of the funds raised for TRX, Bandar Malaysia went to PSI instead, says Shahrol
KUALA LUMPUR (Nov 4): Former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi (pictured, left) today revealed that most of the funds raised by the sovereign wealth fund intended to be utilised for the development of Tun Razak Exchange (TRX) and Bandar Malaysia had instead gone to PetroSaudi International Ltd (PSI).
1,000 fishermen protest against Penang South Reclamation project
GEORGE TOWN (Nov 4): It looks like the mega Penang South Reclamation or PSR project is still facing opposition from some sectors.
Najib escapes further bail conditions, but judge 'won't tolerate attempts to mislead court'
KUALA LUMPUR (Nov 4): Datuk Seri Najib Razak (pictured) today avoided having further conditions imposed on his bail, after the prosecution questioned his presence in Johor last Friday.
Parcel quit rent should be calculated based on market conditions, say stakeholders
PETALING JAYA (Nov 4): Key industry stakeholders have raised concerns over the high rates resulting from the introduction of parcel quit rent for stratified properties.
Tengku Adnan withdraws strike out application in RM57m income tax suit
KUALA LUMPUR (Nov 4): Datuk Seri Tengku Adnan Tengku Mansor (pictured) has withdrawn his application to strike out a suit against him by the Inland Revenue Board (IRB), seeking RM57.
