Urban Renewal Bill 2025 tabled in Parliament for first reading
The Urban Renewal Bill 2025, which seeks to lower the consent threshold for redevelopment projects, was tabled for its first reading in the Dewan Rakyat on Thursday.
Penang LRT budget capped at RM16b-17b, says Loke
Transport Minister Anthony Loke on Monday announced a budget ceiling of RM16 billion to RM17 billion for the Penang Light Rail Transit (LRT) project.
Housing Development Act to be amended to cover sick commercial projects
The government is in the midst of drafting amendments to the Housing Development (Control and Licensing) Act 1966 to expand its scope to cover problematic commercial projects.
Genting Malaysia’s loss-making Empire Resorts to sell non-gaming assets for RM2.2b to cut costs, clear debt
After taking full control of its struggling US unit Empire Resorts Inc, Genting Malaysia Bhd (KL:GENM) is launching a major restructuring with a RM2.2 billion asset sale, land purchase and full bond repayment to address earnings pressure.
Trans-Borneo Railway feasibility study to conclude by 3Q2026—Loke
The feasibility study for the high-speed rail network connecting Sabah, Sarawak, Brunei, and Kalimantan, Indonesia—dubbed the Trans-Borneo Railway project—is expected to be concluded by the third quarter of 2026, Transport Minister Anthony Loke Siew Fook said.
West Ipoh Span Expressway concession given two years ago hasn’t started because conditions are still unmet, says Ahmad Maslan
WISE is meant to reduce traffic at Menora Tunnel on the North-South Expressway.
SkyWorld unit buys RM83m land in Seberang Perai for modular housing factory
SkyWorld Development Bhd (KL:SKYWLD) said the group on Friday entered into a deal to acquire 26.4 acres of freehold land in Seberang Perai Tengah, Penang, for RM82.7 million.
Govt finalising talks to complete long-stalled MEX II project, says works minister
The government is in the midst of finalising discussions with the receivers and managers of MEX II Sdn Bhd to determine the best solution for completing the stalled Maju Expressway extension (MEX II) project, according to Works Minister Datuk Seri Alexander Nanta Linggi.
Lawmakers urge halt to Selangor parking scheme, seek full disclosure and review
The new parking concession, dubbed the Smart Integrated Parking (SIP) scheme has raised legal, commercial and operational concerns due to the limited information disclosed so far
Hektar REIT to buy 42 acres of land in Melaka for RM40m
Hektar Real Estate Investment Trust (KL:HEKTAR) said it has entered into a deal to buy two parcels of leasehold land in Melaka, totalling 41.8 acres, for RM40 million.
