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Malaysian finance/business

Uh-oh, the bottom's fallen out Source: Statistics Department Ringgit weakens against the US dollar and Yen Buckle up, folks! We are in for some tough times. Malaysia's economy took a dive in the fourth quarter as GDP stood on the brink of...
How sad - the combined wealth of the 40 richest Malaysians has dropped by 7 per cent since last year. But be happy. The Malaysian Business assures us, β€œOn the bright side, there were 30 billionaires this year β€”...
My sources tell me that the PGCC developer's consultants said yesterday they would avoid cutting down the trees along Scotland Road but admitted that some angsana trees would have to make way for the road widening/flyover work, especially near...
So are the plans for Penang Hill similar to Berjaya's original proposal? Politicians and businessmen would do well to recall what really prompted the 'Save Penang Hill' campaign in 1990. Ahmad Chik writes in to clear the air: I refer...
It turns out that an earlier mid-air medical emergency caused the delay in departure of the Air Asia flight from Kuching to Penang last night. The plane, on an earlier flight from Penang to Kuching, was forced to divert to...
High above the Penang Bridge For the longest time now, there has been major ongoing work on the three-lane centre-span of the Penang Bridge. The work seems never-ending. Many motorists are puzzled about the long-term closure of the far...
I ran into a visitor who had taken a ride on the 'upgraded' Penang Hill railway and he made the following observations: The train appears designed for colder climates or built for a Swiss environment. The air-conditioning system is...
I hear that the Department of the Environment quietly approved a preliminary Environmental Impact Assessment of the Penang Global City Centre (PGCC) project way back on 2 March 2007. A "one-stop centre" meeting approved the preliminary EIA, subject...
Over the last few days, we have heard that RM300m in federal funding is needed to dredge Penang port. But what is causing this siltation and should public funds be used to once again deepen the port? The North...
The Selangor state government, embroiled in a two-prong tussle to uphold the public interest in the face of corporations vying for mega bucks at the public expense, has put a couple of spanners in the works. In the...

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