Plaza Rakyat project to restart soon

  Work on the long-abandoned Plaza Rakyat project in Jalan Pudu, Kuala Lumpur is expected to begin soon, A 43% stake in the developer - Profit Consortium Sdn Bhd is being bought by China-based Guangzhou Xu Zhuo Enterprise Management Co Ltd, who are expected to pay the outstanding debt due to Kuala Lumpur City Hall (DBKL) “The Plaza Rakyat project is being taken over by a new consortium, which finalised its takeover at end-March.

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Malaysia's industrial and logistics market to benefit from BRI

Would you believe that of all the countries in Southeast Asia, Malaysia has received the largest amount of investments from China over the past 10 years?   The Belt and Road Initiative (BRI), or One Belt One Road as it was formerly called when it was first launched in 2013, is China’s platform for multilateral cooperation which will create new economic links and improve its business networks across the globe.

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Govt hires consultants to revise HSR project

KUALA LUMPUR (May 10): MyHSR Corp Sdn Bhd, the Malaysian project delivery vehicle of Kuala Lumpur-Singapore high-speed rail (KL-Singapore HSR) project, yesterday called for a tender to appoint a commercial advisory consultant (CAC) for the project review exercise.

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MMC Corp expects govt to revive MRT3 by year end

KUALA LUMPUR (May 10): MMC Corp Bhd group managing director (MD) Datuk Seri Che Khalib Mohamad Noh expects the government to revive the mass rapid transit 3 (MRT3) project, which is also known as the Circle Line, by year end.

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