Browsing: Malaysia

IJM Land revising plan for The Light City

IJM Land Bhd is expected to start the construction work for its RM4bil The Light City project by the second quarter of next year. The property group had earlier planned to start construction for the integrated


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Malaysia to spend US$13b on development projects

Malaysia is expected to spend a total of RM45 billion on more than 4,000 development projects this year to ensure sustained economic growth. Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said the expenditure would be


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HK-based consortium rejected for Taipei twin towers project

Taipei, (CNA) The Taiwan government has withdrawn its decision to award the construction contract for the “Taipei Twin Towers” project to a Hong Kong-based consortium and a Malaysian property developer, due to national security concerns, the


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Malaysia revives another Chinese project

KUALA LUMPUR: The Malaysian government plans to resurrect a multi-billion-dollar property project in Kuala Lumpur involving a Chinese state company, calling it a contribution to China’s Belt and Road infrastructure initiative. Prime Minister Mahathir Mohamad said


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Malaysia says revised China deal shows costs were inflated

KUALA LUMPUR: Malaysia’s prime minister said Monday a Chinese company building a rail link across the Southeast Asian nation will jointly help to manage and operate the network, part of revised deal that will get the


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Malaysia scraps multibillion dollar China-backed rail project

KUALA LUMPUR – A multibillion dollar China-backed rail project in Malaysia has been scrapped, government officials said Saturday, adding that the cost of building it was too high. Malaysia has in recent months suspended several major projects


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Japan to provide Malaysia Y200 bil loan for debt relief & infrastructure

TOKYO-The leaders of Malaysia and Japan agreed Tuesday that Japan will issue yen-denominated bonds of up to 200 billion yen ($1.8 billion) to help the Southeast Asian country battle its large government debt. Japanese Prime Minister


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MRCB-GKent accepts LRT3 contract award for revised sum

KUALA LUMPUR: MRCB-George Kent Sdn Bhd has received the letter of appointment for the construction of the Light Rail Transit Line 3 from Bandar Utama to Johan Setia following the revision of its price tag. According


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Malaysia confirms scrapping of three Chinese projects

Malaysia has finally scrapped three China-backed pipeline projects after halting work on them following the shock elections in May that saw an opposition alliance assuming power for the first time in the country. A Malaysian Ministry


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Jurong Lake District plans to push through despite derailed HSR project

Three plans for the area include a commercial precinct, a science centre, and a transport hub. Singapore’s plans for the development of Jurong Lake District (JLD) are set to proceed despite Malaysia’s decision to drop the


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