News by M

"The aim is to speed up any process related to land affairs, secondly is to become a mechanism to expedite land dealings between industry and investors and thirdly, to provide heavier penalties against those who violate the relevant laws."

Meanwhile, the Mid Valley Southkey Megamall in Johor is on track to meet its target completion by end-2018.

KKB’s 70% share of the contract amounts to approximately RM900 million.

Miami Herald, quoting Genting Malaysia subsidiary Resorts World Miami's consultant's letter to the Miami-Dade County, reported that Genting Malaysia had floated an "unusual proposal" to the regulator.

“This is in line with FIC’s goal to become another large investment company in Malaysia via highly viable diversified investments that could generate attractive returns in the long run.”

There are still many details of the KL-Singapore high-speed rail project that need ironing out before the bilateral agreement is signed at the end of the year. But the memorandum of understanding signed last week shows that both the Malaysian and Singapore governments are now on the same page and more committed than ever to the project.

DBS Vickers Securities is keeping its “hold” call on CapitaLand Mall Trust (CMT) with a higher target price of S$2.23 (RM6.69), from S$2.20 previously.

The pilgrimage fund sees long-term value in the piece of land.

Public Bank said the BR would be lowered to 3.52% while the BLR will be at 6.72%.

The Ipoh City Council (MBI) is not proposing to raise car parking charges in the city unlike the move implemented by the Kuala Lumpur City Hall.