News by Wong Ee Lin

Also, foreigners are not allowed to buy residential landed properties, unless the property is issued with a landed strata title as in gated communities.

That comprises RM2.4 billion allocated to pay their debt obligations this year and RM2.7 billion for 2020, and the RM8.8 billion paid previously in 2017 (RM6.7 billion) and 2018 (RM2.1 billion), he said in a statement yesterday.

“If there is no debt, construction of the rail (HSR) would have continued,” said Mahathir.

To do so, Putrajaya will strategically coordinate all transport safety under a single entity, according to the National Transport Policy 2019-2030 blueprint, which was released today.

It said the contract value for the job will be payable upon completion of each work stages as agreed upon in accordance to the payment schedule stated in the agreement.

Called Sunway Residence Trust, the Trust will acquire purpose-built student accommodation in the UK via a special purpose vehicle to be set up in Guernsey.

The land measures 18.75 acres and Apex Healthcare said its wholly-owned unit has inked a conditional sale and purchase agreement yesterday to effect the acquisition.

The group intends to fund both contracts via internally generated funds and/or external borrowings, the company said.

The property, together with ancillary buildings, is presently built upon a portion of leasehold land, with an unexpired 35 years and five months sub-lease term, the REIT said.

"I believe that there is a huge moral hazard in having private entities own such strategic assets with the backing of government guarantees."