News by BERNAMA

The Malaysian Bar stressed that the Housing Integrated Management System (HIMS) under the Ministry of Housing and Local Government does not govern or replace the legal stages of a housing transaction.

"Once it is ready, we will present it to the Cabinet for discussion to determine the best approach."

The decision was made following discussions with his Singaporean counterpart and Johor Menteri Besar Datuk Onn Hafiz Ghazi.js

Permodalan Nasional Bhd (PNB) has yet to decide on Sunway Bhd’s (KL:SUNWAY) voluntary general offer (VGO) to acquire its shares in IJM Corporation Bhd (KL:IJM) and will assess the offer based on commercial considerations, including the investment returns based on IJM’s intrinsic and future value, the cash consideration and the estimated future value of swap shares offered.

Malaysia’s property market continues to grow at a steady pace, with the total transaction value expected to exceed RM250 billion this year, said Housing and Local Government Minister Nga Kor Ming.

Harsher penalties should be imposed on thieves who steal public transport cables, as such acts are not merely crimes but constitute sabotage against public order, said Transport Minister Anthony Loke.

The government is reviewing whether to renew the preferential withholding tax on dividends from real estate investment trusts (REITs), as the sector is now considered mature and commercially viable, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

All offenders convicted by the courts for littering offences will carry out Community Service Orders simultaneously on Feb 13, said Minister of Housing and Local Government Nga Kor Ming.

Melaka is set to receive an investment of more than RM9 billion to develop the state’s first artificial intelligence (AI)-based data centre.

Malaysia has gained an additional 780 hectares following the re-measurement and re-demarcation of the outstanding boundary problem (OBP) areas at Sungai Sinapad and Sungai Sesai along the Malaysia-Indonesia border, said Prime Minister Datuk Seri Anwar Ibrahim.