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Sunway Iskandar and NEC sign safety and security MoU

JOHOR: Sunway Iskandar township and NEC Asia Pacific Pte Ltd yesterday signed a memorandum of understanding (MoU) to explore a collaboration which aims to augment safety and security for the 1,800-acre Sunway Iskandar township in Johor and to develop smart city solutions together in an innovation centre of excellence (CoE).

Dubbed as Nature’s Capital City, Sunway Iskandar is Sunway Property’s largest township project, spanning across 1,800 acres of land. - Filepic

Petronas-Saudi RAPID refinery offloads first oil cargo

SINGAPORE: A supertanker carrying the first crude oil cargo to a refinery being jointly built by Malaysia's Petronas and oil giant Saudi Aramco has arrived at Pengerang, as the two companies enter the commissioning and testing phase at the plant.

Construction of the 300,000 barrels-per-day (bpd) refinery at the Pengerang Integrated complex is nearing completion, Petroliam Nasional Berhad (Petronas) said in a statement issued late on Monday. (File pic Rapid construction in Pengerang)

Warning to developers: Reduce prices or SST will be reimposed

KUALA LUMPUR: Finance Minister Lim Guan Eng has asked developers to reduce house prices on a national level, failing which the sales and service tax (SST) on construction services will be reimposed if developers do not pass the savings to buyers.

Developers’ meeting: Lim arriving at the Rehda conference. With him are Jeffrey Ng (left) and Soam (right).