KUALA LUMPUR (March 12): Transport Minister Anthony Loke has stressed that his ministry has never directed or pressured for the headquarters of Keretapi Tanah Melayu Bhd (KTMB), which is more than a century old, to be vacated and relocated, as claimed by some parties. Loke stated that instead, the Railway Assets Corporation (RAC), as the…
Read MoreKUALA LUMPUR (March 12): The High Court’s decision last week that credit reporting agencies are not legally empowered to formulate credit scores could lead to more lawsuits against CTOS Data Systems Sdn Bhd (CDS), lawyers have cautioned. CDS is a subsidiary of Bursa Malaysia-listed CTOS Digital Bhd, whose share price has been hit hard by…
Read MoreKUALA LUMPUR (March 12): A total of 182 projects, worth RM4.63 billion, carried out under the Ministry of Works had been completed, said Works Minister Datuk Seri Alexander Nanta Linggi (pictured). He said only 21 projects or 2.8% of the 730 projects under construction in 2023 were classified as sick projects. “The number of sick projects is…
Read MoreKUALA LUMPUR (March 12): Khazanah Nasional Bhd more than tripled its profits from operations in 2023 mainly due to higher dividends, and the sovereign wealth fund said on Monday that it plans to focus on its home market. Profit from operations was RM5.9 billion in 2023, from RM1.6 billion in 2022, Khazanah said in a…
Read MoreBy Joseph Wong In the age of information, how did the domestic property market end up with a significant disparity between the demand and supply of homes? Despite a pressing need for homes, there is still an excess of roofs that exceed the means of the average individual. The National Property Information Centre (Napic) statistics…
Read MoreKUALA LUMPUR (March 12): Malaysia Rail Link Sdn Bhd (MRL), a wholly-owned subsidiary of the Minister of Finance (Incorporated), has established its Islamic Commercial Papers and Islamic Medium Term Notes Programme of up to RM10.21 billion in nominal value, with an option to issue Sustainable and Development Goals (SDG) Sukuk. The Sukuk Murabahah programme…
Read MoreKUALA LUMPUR (March 12): Logistics service providers are now further exempted from paying service tax for related services, to reduce instances of cascading effects or double taxation, the Ministry of Finance said. This is an additional scope of exemption to logistics services business-to-business (B2B) transactions, which previously only covered the same logistic services components….
Read MoreBy Joseph Wong In the realm of real estate, the allure of a smaller home often carries with it the promise of affordability. Many buyers are drawn to the idea of downsizing or opting for a cosy space that seems easier on the wallet. However, beneath the surface lies a stark reality: Purchasing a smaller…
Read MoreKUALA LUMPUR (March 12): The East Coast Rail Link (ECRL) project has completed excavation works of 30 tunnels along its rail alignment to date after it achieved three tunnel breakthroughs in a single day within the Bentong district. In a statement on Tuesday, ECRL project owner Malaysia Rail Link Sdn Bhd (MRL) said three ECRL…
Read MoreKUALA LUMPUR (March 11): Varia Bhd, formerly known as Stella Holdings Bhd, has signed a Memorandum of Understanding (MOU) with Sungai Klang Link Sdn Bhd to offer its expertise in assisting the preparation, management, control, and execution of works for the proposed Sungai Klang Link (SKL) elevated highway. SKL is a special purpose vehicle established…
Read More
