News about Malaysia

KUALA LUMPUR (Oct 1): The Pakatan Harapan (PH) government in Putrajaya will not cancel all directly negotiated public-private partnership (PPP) projects undertaken by the previous administration, Finance Minister Lim Guan Eng assured today.

KUALA LUMPUR (Oct 1): Penang’s ambitions to build its Pan Island Link (PIL1) highway could make the state’s planned Light Rail Transit system redundant, a Universiti Sains Malaysia academic told the Malay Mail today.

George Kent (Malaysia) Bhd (Sept 28, 1.

KUALA LUMPUR (October 1): The fact that most property developers’ unbilled sales — sales which are already locked in but not yet captured in the books — have been declining does not seem to come as a surprise to many analysts given the lack of catalysts moving the property sector.

PETALING JAYA (Sept 29): The only way developers can bring property prices down is by cutting their profit margins, said a property industry observer.

KUALA LUMPUR (September 28): Tin miner and metal producer Malaysia Smelting Corp Bhd (MSC) has teamed up with its parent, The Straits Trading Company Ltd, to jointly explore options to unlock the value of land owned by both parties in Butterworth, Penang.

  KUALA LUMPUR (September 28): Just as the government announced that there will be no change after all in the terms of the levy for skilled foreign workers, the Federation of Malaysian Manufacturers (FMM) is insisting that the RM10,000 per worker annual payment will be too difficult for employers to bear.

KUALA LUMPUR (Sept 27): The Malaysian Trades Union Congress (MTUC), in welcoming the Ministry of Finance's retraction of its earlier stance that the levy for migrant workers be split 20:80 between employers and foreign workers, has also called for the withdrawal of all tax concessions granted on the levy.

  PETALING JAYA (September 27): The government should reconsider its decision to maintain its original plan for employers to pay the full RM10,000 levy due for an extension of employment for skilled foreign workers, said the Federation of Malaysian Manufacturers.

KUALA LUMPUR (Sept 27): The Malaysian Institute of Property and Facility Managers (MIPFM) president Sarkunan Subramaniam said instead of putting a halt on new retail and office developments, the government should bring the country’s economy back on the right track to address the space glut.