News about Malaysia

PETALING JAYA (Sept 6): Menara UOA Bangsar interim MC President Datuk Satharuban Sivasubramaniam has urged the management committees of other mixed developments owned by UOA Real Estate Investment Trust (UOA Reit) to take heed of the Menara UOA Bangsar case as he believes the fund has similar practices in managing its other properties as well.

KUALA LUMPUR (September 6): Vague statements and inconsistent policies by the new government may dent investors’ confidence in Malaysia, said the Malaysia-China Chamber of Commerce (MCCC).

PETALING JAYA (Sept 5): China Communications Construction Co Ltd (CCCC), the contractor of the suspended East Coast Rail Link, is confident that the project – which was called off last month – will be restarted thanks to bilateral talks between China and Malaysia, reported South China Morning Post.

PETALING JAYA (Sept 5): Malaysia's Economic Affairs Minister Datuk Seri Mohamad Azmin Ali and Singapore's Transport Minister Khaw Boon Wan will sign a side letter that amends the original  Kuala Lumpur-Singapore High-Speed Rail (HSR) today, reported The Malaysian Insight.

PETALING JAYA (Sept 5): Malaysia Airlines (MAS) and AirAsia have suspended flights to and from Osaka, Japan as Typhoon Jebi – the strongest one to have hit the country in 25 years – left a trail of destruction that included nine deaths and a slew of damaged buildings, including flooding and other damages at the Kansai International Airport.

PETALING JAYA (Sept 3): The Kuala Lumpur-Singapore High-Speed Rail (HSR) will be postponed indefinitely and Malaysia will not be required to pay Singapore compensation during the period, said Minister of Economic Affairs Datuk Seri Azmin Ali.

KUALA LUMPUR (September 3): DRB-Hicom Bhd’s Datuk Mohamed Hazlan Mohamed Hussain will take over the helm of the financially stressed Prasarana Malaysia Bhd after its former chief executive officer (CEO) Masnizam Hisham’s tenure has been cut short by the ministry of finance (MoF), according to sources.

PETALING JAYA (Sept 1): Country Garden Pacificview (CGPV) has created 1,200 jobs as at today through its US$100 billion Forest City township development, the company revealed today.

PETALING JAYA (August 31): Prasarana Malaysia Bhd chief executive officer Masnizam Hisham has expressed appreciation to the Finance Ministry for the issuance of bonds to pay the salaries of its 17,000 employees “I am grateful and would like to thank the Finance Ministry for approving the issuance of sukuk/bonds that will allow the salaries of Prasarana staff for September and the coming months.

PETALING JAYA (Aug 30): Tun Dr Mahathir Mohamad's objections to the RM410 billion Forest City is not shocking as he had been consistently criticising foreign investments that failed to benefit Malaysia and its citizens, said Foreign Minister Datuk Saifuddin Abdullah.