"We are unable to confirm the timing at this juncture due to ongoing negotiations."

Of the total, 15 EIA reports or 37% had been approved involving housing projects, waste processing and disposal and industrial estates.

The increase was attributed to the retail trade sub-sector, which recorded an increase of RM10.6 billion or 21.7% y-o-y to RM59.6 billion.

CVIA, an integrated industrial park developed by the Northern Corridor Implementing Authority, aims to attract investments especially in high-impact sectors including green manufacturing, renewable energy and halal industries.

He said the decision by the DOE, which rejected the PSI’s EIA report previously, proved that the project does not get special treatment although it has the backing of the Penang state government.

Malaysia’s total property transaction value in 2022 is likely to surpass the highest level ever recorded of RM161 billion back in 2014, driven by recovery in demand.

Following Bank Negara Malaysia's (BNM) decision on Thursday (March 9) to keep the overnight policy rate (OPR) unchanged for the second time this year, some economists say the central bank will continue to adopt a cautious approach on interest rates going forward.

Prime Minister Datuk Seri Anwar Ibrahim: I welcome different opinions; I do not agree in principle with a special withdrawal of the people’s retirement savings. [But] I will ensure EPF allows contributors who have money yet facing financial difficulties to borrow from banks by using their EPF savings as collateral or guarantee

The government has agreed to implement phase two of the assessment tax cut in Putrajaya amounting to 5% for strata title residences (apart from affordable houses) and 20% for terrace houses beginning July 1 this year.

Bank Negara Malaysia (BNM) has decided to maintain its overnight policy rate (OPR) at 2.75%, as inflation is expected to moderate in 2023 with upward pressures remaining partly contained by price controls and fuel subsidies.