News by BERNAMA

Construction of the diversion alignment for the East Coast Rail Link (ECRL) project into the operational area of Kuantan Port is expected to be completed by the end of this year, the Dewan Negara was told on Wednesday.

Several electric vehicle (EV) companies from China such as Zeekr, XPeng and MG Motor have planned to start local assembly activities in 2026 following the expiration of the tax relaxation and incentives for imported completely built-up (CBU) EVs.

Penang is currently focusing on the issue of land acquisition and resettlement of affected residents following the implementation of the Mutiara Line Light Rail Transit (LRT) project.

A feasibility study on proposed amendments to the Federal Capital Act 1960 to allow local government elections (LGOs) in the capital, including the election of the Mayor of Kuala Lumpur, is expected to be completed by the end of this month.

InvestKL will undergo a transition under the Malaysian Investment Development Authority (Mida) as part of the government’s broader effort to streamline investment promotion functions, strengthen inter-agency coordination, and enhance the overall investor experience.

2025 was the best year for Johor in terms of foreign direct investments (FDIs), bolstered by the successful launch of the Johor-Singapore Special Economic Zone (JS-SEZ), said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Penang's revised land tax formula, effective 2026, treats all landowners fairly and equitably, eliminating discrimination between First Grade and non-First Grade landowners, particularly given that the rates had not been reviewed for over 30 years.

The national property sector recorded RM240 billion in transactions in 2025, the highest in more than a decade, said Housing and Local Government Minister Nga Kor Ming.

Twenty-six new trains for the Kelana Jaya Light Rail Transit (LRT) line is expected to arrive by 2028, Transport Minister Anthony Loke said.

A total of 115 companies will be recognised as smart factories by the end of this year through the Smart Tech Up programme, said the Ministry of Investment, Trade and Industry (Miti).