News by Hailey Chung

The government is working on a comprehensive short-term rental accommodation (STRA) guide that will be adopted by all local governments in Malaysia, said Local Government Development Minister Nga Kor Ming

The number of charging stations stood at 900 units in 2022, an increase of 51% from 2020.

Buyers of “sick” private housing projects can apply to their financiers for loan restructuring with supporting letters from the government, said Local Government Development Minister Nga Kor Ming.

The Ministry of Natural Resources, Environment and Climate Change plans to increase the water pollution fine to RM10 million from RM100,000, and the jail sentence to 15 years from one year.

Retailers and hoteliers are urging the government to provide commercial users a moratorium till end-2023 on the newly implemented electricity surcharge — which has been upped to 20 sen per kWh since the start of this year from 3.7 sen per kWh throughout 2022 — so that their businesses can first recover from the pandemic's impact.

UEM Sunrise Bhd’s plan to buy a freehold land situated near the Kuala Lumpur Convention Centre (KLCC) has fallen through after conditions precedent under the sale and purchase agreement (SPA) were not fulfilled within the conditional period, which expired on Tuesday (Feb 7). 

Kerjaya Prospek Group Bhd has accepted another contract for the Seri Tanjung Pinang (STP) development in Penang, this time worth RM398 million, for the construction of coastal protection structure.

The IMTN programme comes together with an Islamic commercial papers programme, which together have a combined aggregate limit of up to RM4 billion in nominal value, based on the shariah principle of murabahah via tawarruq arrangement.

“The company wishes to announce that AZSB has received notification from the petitioner (EPB) that the petition has been struck off with liberty to file afresh.”

Ecobuilt Holdings Bhd's unit has bagged a construction works project worth RM92.46 million to develop a business complex in Penang, according to its bourse filing on Thursday.