News about Malaysia

KUALA LUMPUR (Jan 31): Ark Resources Holdings Bhd has entered into a joint venture agreement to develop a piece of land in Balik Pulau, Penang.

PUTRAJAYA (Jan 30): The Malaysian government expects to be able to recover the first tranche of funds that have been stolen through 1Malaysia Development Bhd (1MDB) within this year, according to Finance Minister Lim Guan Eng (pictured).

PETALING JAYA (Jan 30): The Chinese Embassy in Kuala Lumpur has released  a music video titled "Bahu Kiri" on its Facebook page to commemorate 45 years of China-Malaysia diplomatic ties.

PETALING JAYA (Jan 30): The National House Buyers’ Association (HBA) has come up with a suggestion to fix the overhang problem of residential properties in the affordable pricing range: rent them out.

PUTRAJAYA (Jan 30): Amid the slew of financial scandals seen since the change in regime last year, such as the ones involving 1Malaysia Development Bhd, Lembaga Tabung Haji and the Federal Land Development Authority, the Pakatan Harapan government yesterday launched a five-year action plan to stem similar misdeeds in the future.

PETALING JAYA (Jan 29): Malaysia’s new National Housing Policy (Dasar Perumahan Negara/DRN) 2018-2025 provides  property developers with more clarity on the  possible ways the private and public sector can work together to resolve the market mismatch issue in the country, said Real Estate and Housing Developers’ Association Malaysia (Rehda) President Datuk Soam Heng Choon.

KUALA LUMPUR (Jan 29): Malaysian Resources Corp Bhd (MRCB) said yesterday it has received a letter of acceptance from Turnpike Synergy Sdn Bhd, a wholly-owned subsidiary of Projek Lintasan Kota Holdings Sdn Bhd, to accept MRCB's offer to undertake Package CA2 of the Sungai Besi-Ulu Kelang Elevated Expressway (SUKE) project at RM323 million.

KUALA LUMPUR (Jan 29): Real Estate & Housing Developers' Association Malaysia (Rehda) president Datuk Soam Heng Choon said the property mantra of location, location, location no longer holds true these days, having overtaken by location, pricing and type.

KUALA LUMPUR (Jan 29): Bank Negara Malaysia (BNM) has launched the Fund for Affordable Homes to help the lower income group in the country to own a home.

KUALA LUMPUR (Jan 28): George Kent (Malaysia) Bhd has clarified that its non-executive director Datuk Dr Keizrul Abdullah’s remark on the award of the LRT3 project was made in his private capacity.