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Fri, 18 Oct 2019, 4:18 AM
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MARA digital malls in two states closed due to low sales
KUALA LUMPUR (Oct 17): The operation of MARA digital malls in two states have been halted due to low sales rates, the Ministry of Rural Development (KPLB) said today.
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Online gambling operation busted in Cheras
KUALA LUMPUR (Oct 17): Police arrested 17 Chinese nationals, including a woman for allegedly operating an international illegal online gambling operation in an office building in Cheras last night.
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RTS to proceed, but will take some time: PM
KUALA LUMPUR (Oct 17): Prime Minister Tun Dr Mahathir Mohamad confirms today that the government will proceed with the Johor Bahru-Singapore Rapid Transit System (RTS) project, but says “it will tak...
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Malaysia's A-G says no negotiation to drop charges against Goldman Sachs
KUALA LUMPUR (Oct 17): Malaysia's Attorney General Tan Sri Tommy Thomas said there are no plans to drop charges against Goldman Sachs and its directors as part of a settlement with the US investment b...
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More flood victims return home in Sungai Siput
IPOH (Oct 17): The temporary flood relief centre (PPS) at Dewan Haji Mohamad Padil Kampung Lintang which housed 163 flood victims from 57 families following a flash flood in Sungai Siput was closed a...
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KIP REIT NPI rises 36%, declares 1.37 sen distribution
KUALA LUMPUR (Oct 17): KIP Real Estate Investment Trust (KIP REIT)’s net property income jumped 36% to RM13.5 million for the first quarter ended Sept 30, 2019, (1QFY20) from RM9.94 million in the p...
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PPA welcomes zero tax penalty for housing, healthcare withdrawals
KUALA LUMPUR (Oct 17): The Private Pension Administrator Malaysia (PPA) lauds the government's move to allow Private Retirement Scheme (PRS) members to make pre-retirement withdrawals for healthcare a...
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Malaysia 'open' to dropping 1MDB charges against Goldman Sachs
KUALA LUMPUR (Oct 17): The government and Goldman Sachs has been in talks for Malaysian authorities to drop criminal charges against three of the bank's subsidiaries connected to the 1MDB scandal, Att...
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Second flying car with new technology in Q3 next year: Minister
KUALA LUMPUR (Oct 17): The country’s second flying car using a different technology from the first car could perform its inaugural flight in the third quarter of next year, Entrepreneur Development ...
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NTP 2019: Malaysia to coordinate all transport safety under a single entity
KUALA LUMPUR (Oct 17): There is an urgent need to strengthen safety guidelines, regulations and enforcements related to road safety to reduce road accidents and fatalities, which resulted in an estima...
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NTP 2019: Urban planning to integrate with public transport development
KUALA LUMPUR (Oct 17): The National Transport Plan (NTP) 2019 wants to encourage the use of public transportation as part of its move towards a greener transport ecosystem, by prioritising public tran...
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No more movement of Satok suspension bridge anchor block: PWD
KUCHING (Oct 17): The Satok Suspension Bridge here is now stable and no further movements of the anchor block are expected to occur, according to the Sarawak Public Works Department (PWD). The PWD, i...
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Setia City Mall Phase 2 targets to open by June 2020
SHAH ALAM (Oct 17): Set to be Shah Alam’s largest mall, Setia City Mall is currently undergoing an expansion which will add some 450,000 sq ft of retail space bringing it to  a total of over 1.2 mi...
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Mestron bags MRT2 LED tunnel lighting job
KUALA LUMPUR (Oct 17): Mestron Holdings Bhd has accepted a Project Wide Supply Agreement with MMC Gamuda KVMRT (T) Sdn Bhd to supply and commission LED Tunnel Lighting for Mass Rapid Transit Laluan 2:...
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Sunway establishes private trust for student housing in UK
KUALA LUMPUR (Oct 17): Sunway Bhd is establishing a private trust in Singapore with an initial £38 million (about RM202 million) of assets under management (AUM) that focuses on purpose-built student...
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Only 15% foreign workers in nation's work force by 2020
KUALA LUMPUR (Oct 17): The government has fixed the number of foreign workers in the country’s work force at 15% by 2020, said the Ministry of Human Resources.
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Trekking paths in permanent forest reserves in Perak closed for monsoon season
IPOH (Oct 17): All trekking paths in permanent forest reserves under the jurisdiction of the Perak Forestry Department will be closed for three months, effective this Nov 1.
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Kualiti Alam cannot be closed down immediately: Aminuddin
SEREMBAN (Oct 17): Kualiti Alam Sdn Bhd (Kualiti Alam), the operator of the country's only integrated waste treatment plant, is working to reduce its scheduled waste disposal in stages, said Negeri Se...
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Selangor records 49 deaths from dengue since January
SHAH ALAM (Oct 17): Forty-nine deaths from 57,980 dengue cases were recorded throughout Selangor from January to Oct 12.
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Vizione's JVco shortlisted to construct Papar dam in Sabah
KUALA LUMPUR (Oct 17): Vizione Holdings Bhd’s joint venture company (JVco) with Pembinaan Maju Cemerlang Sdn Bhd (PMCSB) has been shortlisted by the Sabah State Water Department (JANS) to design and...
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Two months to complete Fuel Subsidy Programme mechanism: Saifuddin
KUANTAN (Oct 17): The Ministry of Domestic Trade and Consumer Affairs has two months to complete the Fuel Subsidy Programme (PSP) mechanism for the middle-income group (M40), said its Minister Datuk S...
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PLUS to introduce smartlane test initiative on NKVE
KUALA LUMPUR (Oct 17): Beginning Oct 23, PLUS Malaysia Berhad (PLUS) plans to introduce a SmartLane Test Initiative manually to overcome traffic congestion along the Setia Alam route to the Shah Alam ...
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Penang govt mulls raising parking charges in upscale areas
GEORGE TOWN (Oct 17): The Penang state government is considering the possibility of increasing parking charges in elite areas or at “high-value” land locations.
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Now everyone (residential or commercial unit owners) pays the same for a mixed development.
These days, maintenance fees per sq ft basis seem to be getting ever higher.
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Speaking in Singapore: The Effects of HOC Extension on Malaysia’s Property Demand
The Home Ownership Campaign (HOC) was a campaign to help more Malaysians own a home.
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Can ministers live with RM1,200 a month? If not, minimum wage hike too little: Wong Chen
KUALA LUMPUR (Oct 16): The implementation of RM1,200 minimum wage a month as proposed in Budget 2020 should be revised higher, unless Cabinet ministers themselves could live with that level of salary,...
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Empire Resorts’ minority shareholder sues Genting Malaysia and Kien Huat Realty for unfair privatisation deal
KUALA LUMPUR (Oct 16): A minority shareholder is suing Empire Resorts Ltd, its board members and the controlling shareholders — Genting Malaysia Bhd (GENM) and Kien Huat Realty III, for the unfair o...
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Close attention must be given to income, wealth distribution to eradicate poverty: Dr Mahathir
KUALA LUMPUR (Oct 16): Malaysia has made considerable strides in its poverty eradication efforts but problems relating to poverty persist and require policy attention, said Prime Minister Tun Dr Mahat...
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1MDB audit report tampering: Prosecution to prepare over 40 witness statements
KUALA LUMPUR (Oct 16): The prosecution team in the 1MDB audit report tampering trial involving Datuk Seri Najib Abdul Razak and former 1MDB chief executive officer Arul Kanda Kandasamy is preparing ov...
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Lebanese jeweller's RM60m suit against Rosmah in limbo as court will only decide on trial day if it will proceed
KUALA LUMPUR (Oct 16): The trial involving Lebanese jeweller Global Royalty SAL's US$14.79 million (RM60 million) suit against Datin Seri Rosmah Mansor, which was scheduled to begin on Tuesday (Oct 22...
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Value of Tabung Haji's domestic equity investment up at RM7.8b
KUALA LUMPUR (Oct 16): The value of Lembaga Tabung Haji’s (TH) domestic equity investment rose by RM1.12 billion to RM7.8 billion as of Sept 27 compared to RM6.36 billion last year.
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Advancecon bags RM50.5m worth of jobs
KUALA LUMPUR: Advancecon Holdings Bhd has bagged two contracts worth a combined value of RM50.49 million for subcontract works in Sarawak and Seremban.
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Sessions Court postpones Sg Kim Kim pollution case trial to early December
JOHOR BAHRU (Oct 16): The Session's Court today set new trial dates for the case of three company director and an lorry driver charged with disposing scheduled waste in Sungai Kim Kim early March thi...
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No plan to build specific LCC terminal in states: Loke
KUALA LUMPUR (Oct 16): The government has no plans as of now to build special low-cost carrier (LCC) terminals in every state, Dewan Rakyat was told today.
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DBKL issues stop work order to two development projects
KUALA LUMPUR (Oct 16): Kuala Lumpur City Hall (DBKL) ordered two development projects in Kampung Segambut Dalam to immediately suspend operations after a flood in the area on Monday, the Star reported...
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Illegally built homes housing foreigners torn down
KUALA LUMPUR (Oct 16): Double-storey terraced houses illegally constructed and housing foreigners with permanent resident (PR) status have been torn down.
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Mah Sing Foundation raises RM3.6mil in 2019
Zuraida (sixth from right) with MSF board of trustees and Mah Sing top management at the charity night 2019.
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The rise of uniform rates for maintenance charges during the JMB period in mixed developments
The winds of change have brought to a halt the usage of different rates of maintenance charges in mixed developments during the Joint Management Body (JMB) period Contributed by property valuer Mary ...
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Embassy Row living for the sophisticated
Towering at a height of 64 storeys, Agile Embassy Garden boasts a gross development value of RM1.8bil. Agile Property makes a three-point statement with its newest development, Agile Embassy Garden.
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Metronic board meets to consider Lee Kim Yew's call for special audit today
KUALA LUMPUR (Oct 16): Metronic Global Bhd’s board of directors will meet today to consider a request by its largest shareholder, Tan Sri Lee Kim Yew, for the appointment of an independent team of a...
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Sarawak needs data centre for water pipe mapping: Abang Johari
KUCHING (Oct 16): A data centre for water pipe mapping needs to be developed to better manage the utility in the state, especially in Kuching, said Chief Minister Datuk Patinggi Abang Johari Openg.
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BSH recipients from B40 group can check eligibility for PSP
KUALA LUMPUR (Oct 16): A total 2.9 million of Bantuan Sara Hidup (BSH) recipients from the B40 group who qualify for the Petrol Subsidy Programme (PSP) can check their eligibility through the psp.kpd...
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Several areas in Petaling experience temporary water supply disruptions
KUALA LUMPUR (Oct 16): Several areas in the Petaling district experienced temporary water supply disruptions following a serious water leakage at the 1800 mm pipe stretch in Section 16, Petaling Jaya...
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Restructuring priorities in the nation's development
This article first appeared in The Edge Malaysia Weekly, on October 14, 2019 - October 20, 2019.
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Puncak Niaga appoints Abdul Jalil Abdul Karim as new MD
KUALA LUMPUR (Oct 16): Puncak Niaga Holdings Bhd has appointed Datuk Abdul Jalil Abdul Karim as its new managing director, effectively immediately.
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1MDB-Tanore Trial Day 22: Back to full-day hearing after Tuesday’s false start
KUALA LUMPUR (Oct 16): The 1MDB-Tanore trial of Datuk Seri Najib Abdul Razak is scheduled to begin at 9.30am today — after a day’s break arising from the former prime minister's absence from the e...
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More than half of Malaysians affected by poor indoor air quality
KUALA LUMPUR (Oct 16): According to a survey conducted by Nippon Paint Malaysia Group, about 60% of Malaysians are suffering because of poor indoor air quality.
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Do not save. Did not save. Save to be safe or saved in the future?
First question. I think everyone knows that Malaysians are saving less today, right?
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Homes for families of armed forces in poor shape due to lack of funds, audit finds
KUALA LUMPUR (Oct 15): The National Audit Department said housing facilities for families of Armed Forces personnel (RKAT) are in poor shape due to insufficient financial allocations, inefficient fina...
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Opposition lauds PH lawmaker for urging Putrajaya to revive MRT3
KUALA LUMPUR (Oct 15): Opposition lawmakers today lauded government backbencher Nik Nazmi Nik Ahmad for urging the government to revive the Mass Rapid Transit Line 3 (MRT3). Nik Nazmi [PH-Setiawangsa]...
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City folk urged to provide feedback for Kuala Lumpur 2040 Development Plan
KUALA LUMPUR (Oct 15): Kuala Lumpur City Hall (DBKL) wants ratepayers to participate in engagement sessions next year to help the local authority draft the Kuala Lumpur 2040 Development Plan (KL2040DP...
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Budget 2020 forum at Menara Star
KUALA LUMPUR: With Budget 2020 hot on everyone’s lips, the ‘Moving into 2020 with Budget 2020’ forum is a timely event that will cover the essential components pertaining to small and medium ent...
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Let all the 13 million EPF members own PLUS together.
Recently, I wrote this article: I prefer to own PLUS instead of having it sold Yes, if anyone were to ask me if I would sell if I am the owner of PLUS Berhad, then my answer is a simple and brief, NO.
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Govt, AG's appeal dismissed; Najib can continue to challenge Sri Ram's appointment
PUTRAJAYA (Oct 15): Former premier Datuk Seri Najib Razak and lawyer Tan Sri Muhammad Shafee Abdullah were allowed to continue to challenge the appointment of senior Deputy Public Prosecutor Datuk Ser...
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MIPFM urges KPKT to study the impact of flat rate maintenance fee
PETALING JAYA (Oct 15): The Malaysian Institute of Property and Facility Managers (MIPFM) foresees various problems arising from the implementation of a recent court ruling for a flat rate maintenance...
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Govt intends to extend service of council members to one term
GEORGE TOWN (Oct 15): The government intends to extend the term of service of local authority council (PBT) members to one term instead of one or two years as currently practised, said housing and loc...
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Hardly anything in Budget 2020 for property sector: Rehda president
KUALA LUMPUR (Oct 15): Real Estate and Housing Developers’ Association (Rehda) president Datuk Soam Heng Choon is of the view that there is not much in Budget 2020 for the property sector, as many o...
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Crest Builder bags RM155m job from Glomac Segar
KUALA LUMPUR (Oct 15): Crest Builder Holdings Bhd's subsidiary Crest Builder Sdn Bhd (CBSB) has bagged a RM155.1 million contract for the construction of a proposed plaza within a Kelana Jaya mixed co...
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1MDB forfeiture suit: AGC to respond to Yayasan Tun Hussein Onn's representation by Oct 25
KUALA LUMPUR (Oct 15): Yayasan Tun Hussein Onn is still awaiting the Attorney-General's Chambers' written reply to its representation letter against the forfeiture of RM1.98 million the foundation all...
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State govt has final say on lower property threshold for foreigners: Azmin Ali
KUALA LUMPUR (Oct 15): It is up to the state government to implement the lower property threshold for foreign ownership that was announced in the Budget 2020, Economic Affairs Minister Datuk Seri Moha...
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RPGT to go or stay? Stay, please. Tweaking it is fine.
I am for Real Property Gains Tax (RPGT). I support it.
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Paramount Property lauds government's move to open up property market
PETALING JAYA (Oct 15): Paramount Property Development Sdn Bhd lauded the government’s move to lower the property price threshold for foreign ownership as this is a good way of managing market inven...
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Cap on govt guarantee needed: AG
KUALA LUMPUR (Oct 15): Auditor-General (AG) Datuk Nik Azman Nik Abdul Majid has urged Putrajaya to impose a ceiling on guarantees the government is allowed to provide.
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Agile Embassy Garden to transform the skyline of KL's Embassy Row
PETALING JAYA (Ocy 15): Agile Property Development Sdn Bhd will be unveiling its third project in Malaysia, Agile Embassy Garden in Jalan Ampang, Kuala Lumpur soon.
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AICHR urges member nations to address transboundary haze
KUALA LUMPUR (Oct 15): Four representatives of the Asean Intergovernmental Commission on Human Rights (AICHR) has called for its member states to address the transboundary haze to prevent further harm...
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Axis REIT to buy property in Johor for RM65m cash
KUALA LUMPUR (Oct 15): Axis Real Estate Investment Trust (REIT) is planning to acquire a single-storey warehouse-cum-office building in Johor for RM65 million cash, from Rancak Beta Sdn Bhd.
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Selangor to study price threshold for foreigners — Amirudin
SHAH ALAM (Oct 15): The Selangor government is reviewing the price threshold for home ownership among foreign buyers to address the problem of unsold luxury homes in the state.
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Urbanisation will drive population changes. Population changes will drive property demand.
There are reasons why most of our graduates flock to the bigger cities after they have graduated.
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Budget 2020: RM600,000 price tag attracting Singaporean buyers into JB?
I do not really agree with some of the things the government is going to do for the people to own a home.
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Apex court to decide tomorrow if Sri Ram, govt can appeal against leave to challenge 1MDB-Tanore lead prosecutor appointment
KUALA LUMPUR (Oct 14): The Federal Court in Putrajaya is expected to decide tomorrow whether appointed senior Deputy Public Prosecutor (DPP) Datuk Seri Gopal Sri Ram (pictured), the Attorney General's...
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G3 says yet to receive decision from TPM on bid for land to develop AI park
KUALA LUMPUR (Oct 14): G3 Global Bhd said it has submitted a tender offer to Technology Park Malaysia for the development of a piece of land there, but has yet to receive any official decision on the ...
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Landmark court decision: Charge according to fixed formula for all in mixed-use property
PETALING JAYA (Oct 14): It is welcomed news for those owning properties in mixed development projects where they have to pay different rates of maintenance or service charges.
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Enforcement on vaping ban still under study, Dewan Rakyat told
KUALA LUMPUR (Oct 14): Enforcement on the ban on sale of electronic cigarettes (E-cigarettes) or vape that use liquid solutions (e-liquid) without nicotine is still under discussion, the Dewan Rakyat ...
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Regal Path secures RM1.1b syndicated loan for Pavilion Bukit Jalil
KUALA LUMPUR (Oct 14): Regal Path Sdn Bhd has secured syndicated banking facilities of up to RM1.1 billion for the acquisition of Pavilion Bukit Jalil mall from Pioneer Haven Sdn Bhd, a wholly-owned s...
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RM9 million for maintenance of infrastructure to reduce flood risk in Kelantan
KOTA BHARU (Oct 14): The federal government allocated RM9 million for the maintenance of infrastructure to reduce flood risk in Kelantan this year, the State Legislative Assembly was told.
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Worsening haze in Palembang affects visibility
JAKARTA (Oct 14): The Air Pollutant Index (API) reading in the Palembang city in South Sumatra has reached 921, the worst ever registered in the area.
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Decision on RTS to be annouced by next month: Loke
JOHOR BAHRU (Oct 14): The decision to continue construction of the Johor Bahru-Singapore Rapid Transit System (RTS) project will be announced by the end of this month, said Transport Minister Anthony ...
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