News by BERNAMA

PWF Corporation Bhd’s (KL:PWF) wholly owned subsidiary PWF Timberhill Sdn Bhd is acquiring 14 units of shop-offices worth RM27.8 million.

The Housing and Local Government Ministry (KPKT) will introduce the Certificate of the Auditor-General and the Public Service Corruption Rating by the Malaysian Anti-Corruption Commission as two new indicators under the Local Authority Star Rating System (SPB-PBT) starting 2026.

Ireka Corporation Bhd (KL:IREKA) has defaulted on loan repayments totalling RM1.04 million owed to Hong Leong Bank Bhd (KL:HLBANK) and AmBank (M) Bhd.

He said the first phase of the high-impact project, which began in September, is expected to create more than 5,000 jobs across technical, service, logistics, marketing and management fields.

For this year alone, 325 sick and delayed housing projects involving 36,922 units with a GDV of RM28.85 billion had been revived.

Loke said the Terengganu segment is among the fastest to be completed as land issues were resolved earlier, coupled with its flat geographical terrain, which posed fewer construction challenges.

The initiative is part of ongoing efforts to address congestion and improve the commuting experience for over one million daily users of Klang Valley’s rail network.

He stressed that Malaysia’s land management requires a new, forward-looking approach, which emphasises cooperation between the federal and state governments to ensure land, as a national asset, is managed strategically, efficiently, and inclusively.

The Ministry of Transport (MOT) has denied allegations that contractors involved in the Mutiara Line Light Rail Transit (LRT) project were instructed to revise the specifications of the electric train system to a smaller size.

A total of 1,087 out of 34,400 slopes nationwide have been identified as risky and are under close monitoring by the Disaster Operations Room (BiGBen), activated by the Public Works Department (JKR) ahead of the Northeast Monsoon season.