Indonesia’s government is struggling to tackle the country’s housing backlog of 13.5 million units as it has only been able to supply 50 to 62.5 percent of the total annual demand, reported the Jakarta Globe. After President Joko Widodo was elected in October 2014, he promised to build one million homes to address the yearly … Read more
1Malaysia Development Bhd (1MDB) president and group executive director Arul Kanda Kandasamy said today the debt-laden firm has achieved its target of completing its rationalisation plan within six months. The final step of the plan was completed with the execution of the sales and purchase agreement for 1MDB’s 60% stake in Bandar Malaysia Sdn Bhd … Read more
Loan growth in Singapore is expected to fall to five percent for the whole of 2015, but this could decline further next year, reported Channel NewsAsia citing experts. “Between 2013 and 2015, while domestic growth has slowed down, overseas growth was able to compensate for slowness in domestic growth. But now, with China-led regional slowdown, even … Read more
KUALA LUMPUR (Dce 31): Our intention have never to demolish or build over the Vivekananda Ashram, but to develop the adjoining land, says trustee R Sri Skanda Rajah. He said the trustees were also not asking the government not to gazette the building as a heritage site, only the land. “We are not suing the … Read more
The Malaysian Anti-Corruption Commission (MACC) should probe the ballooning cost of the proposed undersea tunnel and the related road projects under the Penang Transportation Master Plan (PTMP), according to Gerakan state liaison committee member H’ng Khoon Leng. In a report by The Star, he said the MACC should look into the RM305 million cost of … Read more
IN continuation of our “green” theme, we feature, this week, two more developers offering properties that offer a “greener” environment. While some question the characteristics of a “green developer”, we put aside all precepts and judgments as to what constitutes the makings of a “green developer”, instead we highlight developments that offer lots of greens … Read more
GEORGE TOWN (Dec 30): Over the past seven years, the DAP-led Penang government has had to endure criticism from various quarters over many of the changes introduced in the state. Among them are the proposed undersea tunnel and highway projects and more recently, the proposal to reclaim more than 1,200ha fortwo man-made islands off the … Read more
KUALA SELANGOR, Dec 29 — The Eco World Foundation has allocated RM15,000 to help 10 families in Kampung Seri Sentosa, here, whose homes were hit by floods recently. Its chairman, Tan Sri Lee Lam Thye said the allocation was also used to repair the road which was damaged by the floods, other than providing food … Read more
WITH the current hazy climate conditions the country is faced with, many feel that perhaps this is a wake up call for the people and those governing, to start acting on intentions and declarations to go green. There is no time left to wait! If you just skim through dailies and look at what is … Read more
AMPANG, Dec 28: Pandan Perdana property owners got a rude shock when they received a letter on Dec 2 from a liquidator requesting them to verify ownership of their properties after the developer filed for bankruptcy. If the owners fail to do so, their properties will be reclaimed, this is after Perwira Indra Sakti Sdn … Read more