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The construction industry has called on the Government to allow tax deductions on housing loan interest. From The Star Online, 27 August 2008.
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Developers can reduce construction time significantly for certain projects from the current 18 to 24 months to just four months, said Works Minister Datuk Mohd Zin Mohamed. From The Star Online, 27 August 2008.
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Malaysian contractors like Eversendai Corp, MMC, Gamuda and WCT Engineering that have vast West Asia experience could bid for the RM200 billion Al Noor Cities project. From Business Time Online, 25 August, 2008.
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JMBA News Flash
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The Ministry of Domestic Trade and Consumer Affairs has managed to get makers and buyers of steel bars to come to a compromise on the ceiling price. They have agreed to another increase of about 5%. This is despite the ministry having increased the ceiling price by 20% in April to between RM1,800 and nearly RM2,000 per tonne, a source says.
The latest adjustment is deemed to be an interim measure to purge the industry of "grey market prices" and to ensure adequate supply. At the same time, a new pricing formula based on an automatic price mechanism (APM) is being worked out. A source says the APM will ensure steel bar makers a gross product margin of about 20% based on the cost of raw materials consumed. News from The Edge Daily 11 June 2007 by Siow Chen Ming
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