Criticism has been directed at the government's cancellation and deferment of infrastructure projects that involve Chinese state-owned enterprises (SOEs), amidst fears of upsetting China, and discouraging investments from the world's second-largest economy.
KUALA LUMPUR (Oct 12): Housing and Local Government Minister Zuraida Kamaruddin is upbeat about the prospects of the property market next year despite the less-than-rosy statistics from the first half of this year (1H2018) presented by the National Property Information Centre (Napic) yesterday.
KAJANG: The slow property market has led to the increase in residential overhang numbers which as of 1H2018 totals 29,227 units worth RM17.
KUALA LUMPUR (Oct 12): A privately-owned Chinese construction firm announced yesterday it is open to participate in “federal projects that will benefit the people”, as it plans to invest up to RM10 billion in Malaysia over the next decade.
PETALING JAYA (Oct 10): The Federal Court will decide whether the Housing and Local Government (KPKT) Ministry has the authority to grant developers an extension of time (EOT) for their property development projects.
KUCHING (Oct 10): The Malaysian Anti-Corruption Commission (MACC) Sarawak has completed about 50% of its probe into an illegal warehouse storing smuggled chicken wings that has been in operation in Miri for the past 30 years, says its director Razim Mohd Noor.
KUALA LUMPUR (October 10): Pestech International Bhd has secured a signalling system work subcontract worth RM75 million for the Gemas-Johor Baru (JB) electrified double-track project.
PETALING JAYA (Oct 9): Bank Negara Malaysia (BNM) is proposing a more flexible loan package with flexible interest rates and an extended maximum loan tenure for affordable home buyers, said Housing and Local Government Minister Zuraida Kamaruddin.
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