News about Malaysia

KUALA LUMPUR (Feb 22): WCT Holdings Bhd announced that its wholly-owned subsidiary WCT Bhd had today executed three novation agreements with Prasarana Malaysia Bhd and MRCB George Kent Sdn Bhd with regards to the proposed Light Rail Transit 3 (LRT 3) projects secured by WCT Bhd.

SEMENYIH (Feb 22): The Malaysian Government has not secured the cooperation of an unnamed country to extradite fugitive financier Joh Low, Home Minister Muhyiddin Yassin said at a ceramah here last night.

KUALA LUMPUR (Feb 22): The Ministry of Defence (Mindef) allegedly lost RM258 million by selling the Royal Malaysian Air Force base in Kinrara, Puchong at a 34% discount to tycoon Tan Sri Syed Mokhtar Albukhary in a politically motivated land swap deal, said sources contacted by The Edge Financial Daily yesterday.

KUALA LUMPUR (Feb 21): Alpha REIT Managers Sdn Bhd chairman Datuk Stewart Labrooy said real estate investment trust (REIT) of government buildings would do very well, given the good location and quality of these assets.

  KUALA LUMPUR (Feb 20): Pesona Metro Holdings Bhd announced yesterday it has secured a new contract worth RM408.

KUALA LUMPUR (Feb 16): Telekom Malaysia Bhd (TM) intends to dispose of two office towers that are adjacent to its headquarters Menara TM on Jalan Pantai Baharu, Kuala Lumpur.

KUALA LUMPUR (Feb 15): Real estate players are of the opinion that the 1km stretch closure to vehicles along Jalan Tuanku Abdul Rahman (TAR) would raise shop tenancy rates and revitalise the historical shopping thoroughfare.

KUALA LUMPUR (Feb 14): Malaysian Resources Corp Bhd (MRCB) said the works for Light Rail Transit 3 (LRT3) will resume in the second half of 2019 (2H2019), after progress had been stalled for about a year amid the government's move to reduce the cost of the project.

KUALA LUMPUR (Feb 13): Both the Malaysian and Chinese governments' handling of sensitive issues surrounding the proposed RM81 billion East Coast Rail Link (ECRL) project, which is a matter of great concern to many parties, should be kept to a low profile, said the Malaysia-China Chamber of Commerce (MCCC) today.

KUALA LUMPUR (Feb 13):  Atrium Real Estate Investment Trust (REIT) has entered into a put and call option agreement in relation to an RM180 million land deal announced last November.