Review of contracts to be handled via diplomatic channels, says Daim
PETALING JAYA (June 4): Contracts with China and Singapore that are being reviewed will be handled via diplomatic channels, says Tun Daim Zainuddin (pictured).
M'sian govt must 'pay price' for axing infra project deals, says China daily
PETALING JAYA (June 1): The Malaysian government must pay compensation if it decides to cancel its infrastructure projects involving Chinese funding and contractors, warned Chinese daily Global Times.
LBS Bina, NWP terminate deal for joint development in China
KUALA LUMPUR (May 31): LBS Bina Group Bhd and NWP Holdings Bhd have decided to mutually terminate an agreement for a joint development project to transform the Zhuhai International Circuit in China, in which LBS Bina has a 60% stake.
China ambassador sees no changes on ECRL so far
KUALA LUMPUR (May 27): There have been no changes made to the East Coast Rail Line (ECRL) mega project so far, according to China’s ambassador to Malaysia Bai Tian “As far as I know, there are no changes in ECRL project," Bernama reported him telling the media after visiting the second cub of the panda couple, Xing Xing and Liang Liang at the Giant Panda Conservation Centre of the National Zoo here yesterday.
Chinese property agents made to dance in underwear
KUALA LUMPUR (May 25): In what may be a case of taking work punishment too far, four male property agents in Nantong, China were made to dance in public in their underwear, the South China Morning Post (SCMP) reported today.
Lower property development earnings seen for IOI Properties
IOI Properties Group Bhd (May 21, RM1.
Review of megaprojects may be 'blessing in disguise'
KUALA LUMPUR (May 14): While markets are nervous that the new ruling coalition Pakatan Harapan’s pledge to review megaprojects may negatively impact the construction sector, some see the plan as a chance for greater inclusion of local players.
Country Garden optimistic on economic growth despite new government
PETALING JAYA (May 11): The change in administration in Putrajaya does not impact Country Garden Malaysia’s optimistic view of Malaysia’s growth prospects as it believes economic development will remain as the common goal of all the rakyat.
Damansara Realty, Chinese firm to jointly bid for JB-S'pore RTS project
KUALA LUMPUR (May 8): Damansara Realty Bhd is teaming up with China State Construction Engineering (M) Sdn Bhd (CSCEM) to tender for the 4km Johor Baru-Singapore Rapid Transit System (RTS) railway project.
Bank Negara to keep interest rate at 3.25%, says AmBank Research
KUALA LUMPUR (May 2): Bank Negara Malaysia (BNM) is expected to keep the overnight policy rate at 3.
