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KUALA LUMPUR: Prime Minister Datuk Seri Najib Tun Razak says he makes no apologies for wanting to build world-class infrastructure for Malaysia despite criticism from opposition politicians.
KUANTAN: The process of implementing a standard operating procedure (SOP) on bauxite mining is slow as it needs Pahang's input to become law, says Datuk Seri Dr Wan Junaidi Tuanku Jaafar.
PETALING JAYA: The news on Wednesday that the Finance Ministry (MoF) has called off a deal to sell 60% of Bandar Malaysia – a mega property development project estimated to have a gross development value of RM160bil when completed in 20 years – has sent shockwaves through the country and the region.
PETALING JAYA: The fall through of the Bandar Malaysia deal involving Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC), the local unit of Beijing-based China Railway Group Ltd, has put the spotlight on other China investments in the country.
PETALING JAYA: Given the current state of government finances, it will have to resort to private financing initiatives (PFIs) or foreign-based funding for future big projects such as those in the infrastructure or construction space, said AllianceDBS Research in a report.