News about state

Urban regeneration should increase social value, boost economic growth, and improve infrastructure, within the context of a city’s cultural landscape.

There are special circumstances due to the presence of government agencies and buildings including the National Archives that hold the country’s historic records, judge Datuk Ahmad Shahrir Mohd Salleh said.

“Cross-disciplinary efforts between government, private sector and local communities are crucial in urban regeneration’s long term success, and to establish a framework that prioritises public interest.

Urban regeneration in Kuala Lumpur needs to take a more community-centered and creative approach.

“This is intended to achieve [the city’s] target of 40% affordable housing units by 2040.

“Urban regeneration is a process that takes time and involves multiple stakeholders coming together.

BNM on Thursday announced that the overnight policy rate (OPR) will remain at 3% following the Monetary Policy Committee’s two-day meeting, which aligns with expectations from economists surveyed by Bloomberg.

According to UN-Habitat, cities of the future can accommodate at least 15,000 people per km², that is 150 people/ha or 61 people/acre, and we need to assess if our city meets that ratio in sustainable urban growth.

“At the current OPR level, the monetary policy stance remains supportive of the economy, and is consistent with the current assessment of inflation and growth prospects,” BNM said.

The GBI rating tool was introduced by PAM and ACEM in 2009.