News about ng

KUALA LUMPUR (October 4): Rosmah Mansor has pleaded not guilty to 17 charges related to money laundering, and her bail has been set at RM2mil.

KUALA LUMPUR (Oct 3): Country Heights Holdings Bhd (CHHB), which announced on Sept 21 a plan to issue its own cryptocurrency called 'Horse Currency' that is backed by the group's existing assets, has assured shareholders it will be taking "very patient and prudent steps" in the matter.

PENANG (October 3): Sponsored by Penang City Councillors, 550 trees of a variety of species will be planted in the Batu Lancang area, in a beautification project.

GEORGE TOWN (Oct 3): Penang state assemblyman Jason Ong Khan Lee today suggested that the Penang governor’s official residence (pictured) along Jalan Utama should be opened for guided tours, reported the Malay Mail today.

KUALA LUMPUR (Oct 3): PRG Holdings has disposed of a 12% stake in Hong Kong-listed Furniweb Holdings Ltd, representing 60.

GEORGE TOWN (Oct 3): In a debate on the durability of a Light Rail Transit (LRT) (pictured) system, Penang Transport Master Plan (PTMP) project manager Szeto Wai Loong was reported saying that “such a system was likely to last forever, requiring only minimal maintenance such as software upgrades in the long run compared with trams and bus-tram hybrids”.

KUALA LUMPUR (October 3): Savills Malaysia chairman Datuk Christopher Boyd said the thresholds for foreign property buyers should be removed in order to deal with the oversupply issue seen in the residential segment.

KUALA LUMPUR (October 3): Property developers are behaving more and more like local councils, Deputy Housing and Local Government Minister Datuk Raja Kamarul Bahrin Shah said, noting that this has given rise to the current form of townships that are not centralised and are dominated and led by private developers.

SERI KEMBANGAN (Oct 2): Developers, researchers and policy makers opined that to resolve the affordable housing availability problem, all stakeholders in the public and private sectors need to work together to offer multiple solutions.

SERI KEMBANGAN (Oct 2): While it is still unclear when the property market will recover from the current slowdown, there are still opportunities to seize in the market, according to industry experts.