Retail Group Malaysia upgrades 2023 retail growth forecast to 2.8% after strong 3Q sales
RGM said that the latest quarterly result surpassed the expectations of the MRA and MRCA, which projected a 1.4% growth rate in September.
Chairman of Kumpulan Jetson resigns within two months of appointment
Datuk Tengku Ibrahim Farihaddin Datuk Tengku Feissal has stepped down from the position of independent and non-executive chairman of the construction group Kumpulan Jetson Bhd, less than two months after his appointment to the position.
Negotiations to restructure highway toll concession involve 19 highways — deputy minister
The government has initiated negotiations with toll concessionaires to restructure toll collection on 19 highways as per the Cabinet's decision on Dec 18, 2020, according to Deputy Works Minister Abdul Rahman Mohamad.
RM18.3b worth of unsold houses in 2Q, says deputy minister
A total of 26,286 completed houses, valued at RM18.3 billion, were reportedly unsold in the second quarter of 2023 (2Q2023).
GuocoLand's 1Q net profit triples to RM4.8 mil on higher property development and hospitality contribution
Property developer GuocoLand (Malaysia) Bhd's net profit surged threefold to RM4.79 million in its first quarter ended September 30, 2023 (1QFY2024) from RM1.57 million a year ago, attributed to overall improvement in the property development and hospitality divisions.
Over RM529m worth of residential units auctioned in first nine months of 2023 — Nga
There were 1,920 residential units auctioned in the first nine months of 2023, with a total value of RM529.03 million, according to Local Government Development Minister Nga Kor Ming.
Malaysia-China Kuantan Industrial Park drew RM31b in investments, created over 14,000 jobs, says deputy Miti minister
The Malaysia-China Kuantan Industrial Park (MCKIP) has achieved a cumulative investment value of over RM31 billion across 21 projects, and is expected to create more than 14,000 job opportunities, according to Deputy Minister of Investment, Trade and Industry Liew Chin Tong.
No discussion with Singapore yet on HSR project, says Loke
The Malaysian government is still searching for a suitable financing method for the Kuala Lumpur-Singapore High-Speed Rail (HSR) project before bringing it to the Singapore government for further discussions, says Transport Minister Anthony Loke.
Additional RM4.7b allocated for LRT3 to serve multiple purposes, clarifies Loke
The additional RM4.7 billion allocation for the LRT3 project, as announced in Budget 2024, will be used for various purposes, according to Transport Minister Anthony Loke.
Raising OPR not the only solution to ringgit depreciation, says PM
Anwar pointed out that Malaysia's economic indicators, such as inflation and unemployment rates, are still relatively low, while the economy and investments are steadily growing.
