<div class=newsTextDataWrapInner>KUALA LUMPUR (Oct 9): 1Malaysia Development Bhd’s (1MDB) wholly-owned unit, 1MDB Real Estate Sdn Bhd (1MDB RE), has signed a joint venture (JV) master framework agreement with international property group Lend Lease to develop the Lifestyle Quarter project at Tun Razak Exchange (TRX) in Kuala Lumpur, Malaysia. 
 
In a press release, 1MDB said the agreement progresses the key terms of the proposed JV. Both parties will finalise all other legal documentation concerning the joint venture over the coming months. 
 
Under the JV agreement, Lend Lease will be the majority shareholder, while 1MDB RE “will hold a significant stake”. 
 
1MDB expects the Lifestyle Quarter to attract up to US$1 billion (RM3.2 billion) in foreign direct investments to Malaysia. 
 
“We are a step closer to turning our shared vision into reality. The global brand name Lend Lease brings, along with the team’s experiences for projects of similar magnitude, is invaluable to the TRX development,” said 1MDB RE CEO Datuk Azmar Talib. 
 
The 17-acre mixed-use development will comprise a hotel, three residential towers and a new retail mall connected to TRX’s multi-layer central park.</div>

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KUALA LUMPUR (Oct 9): 1Malaysia Development Bhd’s (1MDB) wholly-owned unit, 1MDB Real Estate Sdn Bhd (1MDB RE), has signed a joint venture (JV) master framework agreement with international property group Lend Lease to develop the Lifestyle Quarter project at Tun Razak Exchange (TRX) in Kuala Lum...

1MDB RE signs agreement with Lend Lease to develop TRX Lifestyle Quarter project

The Malaysian Communications and Multimedia Commission (MCMC) has lodged police reports against three individuals, namely Badrul Hisham Shaharin or Chegubard, Mohamad Salim Iskandar (Salim Iskandar) and Wan Muhammad Azri Wan Deris (Papagomo), for making and spreading false accusations about its officers.

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A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.

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The Madani government will look into the hardship faced by the people in Sabah, especially in terms of socioeconomic poverty as well as improvements to infrastructure for the benefit of the people.

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Deputy Minister of Communications Teo Nie Ching cautioned the public on the latest tactics of scammers impersonating ministry officials.

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A huge blast at a military base in Iraq early on Saturday killed a member of an Iraqi security force that includes Iran-backed groups. The force commander said it was an attack while the army said it was investigating and there were no warplanes in the sky at the time.

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Barisan Nasional (BN) component parties are required to help the candidate representing the unity government in the Kuala Kubu Baharu state by-election, said BN deputy chairman Datuk Seri Mohamad Hasan.

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Chief Minister Datuk Seri Hajiji Noor emphasised that the positive economic achievements over the past three years underscore the Sabah government's steadfast commitment to both the administration and development of the state.

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Property developer Scientex Bhd aims to provide a total of 50,000 units of quality housing units at affordable prices nationwide by 2028.

Scientex project general manager (property division) Tang Song Teik said that so far, the company has handed over 35,062 affordable housing units, with about 70% of them sold at prices below RM300,000.

Scientex aims to build 50,000 affordable housing units by 2028

The Madani government is committed to eradicating hardcore poverty in Sabah despite knowing the situation is quite complicated to resolve, said Prime Minister Datuk Seri Anwar Ibrahim.

Madani govt committed to eradicating hardcore poverty in Sabah, says Anwar

S P Setia Bhd has officially launched the LakePoint Complex commercial hub at the 1,235-acre freehold township of SetiaAlam Impian in Shah Alam on Saturday. The ceremony was officiated by the Sultan of Selangor, Sultan Sharafuddin Idris Shah.

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Former inspector general of police Tun Mohammed Hanif Omar died at 2.15am on Saturday. He was 85.

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A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing deals after dropping funding talks with China.

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Approved road transport logistics companies will obtain “fleet cards” from select fuel retailers to purchase subsidised fuel under the diesel subsidy rationalisation programme, the Ministry of Finance (MOF) said.

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Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.

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A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.

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S P Setia Bhd has officially launched the LakePoint Complex commercial hub at the 1,235-acre freehold township of SetiaAlam Impian in Shah Alam on Saturday. The ceremony was officiated by the Sultan of Selangor, Sultan Sharafuddin Idris Shah.

The Sultan of Selangor, Sultan Sharafuddin Idris Shah, has extended condolences to the family of former inspector general of police Tun Mohammed Hanif Omar, who died early on Saturday morning.

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Next week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the US stock rally, which has flagged as expectations for interest cuts fade.

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Property developer Scientex Bhd aims to provide a total of 50,000 units of quality housing units at affordable prices nationwide by 2028.

Scientex project general manager (property division) Tang Song Teik said that so far, the company has handed over 35,062 affordable housing units, with about 70% of them sold at prices below RM300,000.

Elon Musk postponed a planned trip to India where he was to meet Prime Minister Narendra Modi, citing obligations at his Tesla automaker and saying he aimed to reschedule the visit for later this year.

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Barisan Nasional (BN) component parties are required to help the candidate representing the unity government in the Kuala Kubu Baharu state by-election, said BN deputy chairman Datuk Seri Mohamad Hasan.

The ringgit is likely to trade in the same range of around 4.78 against the US dollar next week, as the situation in the Middle East will continue to be under scrutiny by investors, said an analyst.

Ringgit likely to trade around 4.78 versus greenback next week

A huge blast at a military base in Iraq early on Saturday killed a member of an Iraqi security force that includes Iran-backed groups. The force commander said it was an attack while the army said it was investigating and there were no warplanes in the sky at the time.

The Malaysian Communications and Multimedia Commission (MCMC) has lodged police reports against three individuals, namely Badrul Hisham Shaharin or Chegubard, Mohamad Salim Iskandar (Salim Iskandar) and Wan Muhammad Azri Wan Deris (Papagomo), for making and spreading false accusations about its officers.

Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.

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Perikatan Nasional (PN) will hold a supreme council meeting on Monday (April 22) on the selection of candidate to contest in the Kuala Kubu Baharu state by-election on May 11.

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The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.

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Deputy Minister of Communications Teo Nie Ching cautioned the public on the latest tactics of scammers impersonating ministry officials.

Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve's (Fed) latest survey of US central bank contacts, with geopolitical troubles and the 2024 US presidential election also mentioned as "a potentially significant source of shocks".