News by Wong Ee Lin

The project is targeted to commence in the second half of 2019 and developed over a span of up to five years, said Mah Sing.

MRCB said a dispute had arisen between the two parties and it was referred to adjudication under the Construction Industry Payment & Adjudication Act 2012.

“When you look at the US economy, the labour market is at full employment, job creation is at an all time high and wages are still increasing.”

“It is not a two-dimensional thing that we look at. It is a complex and multi-faceted area that we look at,” Governor Datuk Nor Shamsiah Mohd Yunus noted, when asked whether BNM will cut OPR.

Nonetheless, the central bank cautions that the domestic growth projection is subject to several downside risks, namely from global trade disputes, political uncertainty and sudden shifts in investor sentiment.

The project comprises shops, shop-offices, terrace houses, town houses and a four-storey hypermarket. It is also earmarked for the future development of an e-commerce and lifestyle hub, said Permaju.

The real estate developer is also targeting RM1.2 billion worth of property sales during the year.

Hashim said rental reversion holding up at about 1% to 2% is "already good".

Dr Mahathir says government is committed to economic growth with social justice.
 

Rising gig economy, ageing population expected to affect contributions to the fund.