BNM keeps OPR at 3.25%, says positive growth expected to be sustained
KUALA LUMPUR (July 11): Bank Negara Malaysia (BNM) has maintained the overnight policy rate (OPR) at 3.
MBAM: Legalise foreign workers already employed in construction sector
KUALA LUMPUR (July 11): The Master Builders Association Malaysia (MBAM) is hoping for that the authorities will legalise foreign workers already employed by the construction sector, Bernama reported today.
Water tank at school bursts, damages cars
PETALING JAYA (July 11): A water tank on an 18m-tower at a school in Maran, Terengganu, burst and collapsed this morning, damaging three cars parked nearby, reported Bernama.
MIC man steps down from DBKL advisory board
KUALA LUMPUR (July 11): Datuk S Rajah has stepped down from Kuala Lumpur City Hall’s (DBKL) board of advisors, it was reported yesterday.
MRT Corp still studying cost cutting measures for MRT2
PETALING JAYA (Jul 11): The analysis to reduce the cost of construction for the MRT Sungai Buloh-Serdang-Putrajaya Line (MRT2) is still ongoing, and Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) said it might “take some time” for it to finalise the study.
KPKT may seek to lift ban on new luxury homes
PETALING JAYA (July 11): The Housing and Local Government Ministry may seek to lift the current freeze on new luxury residential developments, prompted by signs that the economy is improving, said its minister Zuraida Kamaruddin.
Govt looking into hiking minimum property prices for foreigners
KUALA LUMPUR (July 11): Putrajaya is studying the possibility of increasing minimum property prices for foreign buyers Housing and Local Government Ministry secretary general Datuk Mohammad Mentek told a local business publication that “a new threshold will be set based on the condition of the local currency”.
Zuraida: Landfills to be phased out, more eco-friendly waste disposal systems to be adopted
KUALA LUMPUR (July 11): The government wants to stop using landfills while studies are to be conducted to adopt more energy efficient and eco-friendly methods of waste disposal.
HSR to resume if costs cut considerably
PETALING JAYA (July 11): The Kuala Lumpur-Singapore high-speed rail (HSR) may be resumed if costs can be significantly lowered, said Finance Minister Lim Guan Eng.
Condo development on football field will proceed, says KL mayor
KUALA LUMPUR (July 11): The high-rise residential project on a football field in Bandar Tun Razak, Kuala Lumpur would be allowed to proceed as scheduled by the authorities.
