Lendlease is the only company to have signed a joint-venture (JV) agreement with TRX City Sdn Bhd —then known as 1MDB Real Estate Sdn Bhd, the property arm of 1Malaysia Development Bhd (1MDB) — in 2014 in a 60:40 deal, with Lendlease holding the bigger stake.
Najib has been given until Sept 28 to pay the full amount of RM3.5 million.
Despite 1HFY18 profit after tax and minority interests (Patmi) rising more than 44% year-on-year (y-o-y), earnings still fell short of Affin Hwang Capital Research's previous forecast, delivering only 32% of our full-year forecast.
KLK has launched the maiden phase of North Haven Coalfields, Hemingway Residences which comprises 158 units of superlink homes (lot size 24ft x 90ft) and 94 units of semi-detached homes (lot size 40ft x 100ft).
The meeting included prosecutors, civil recovery specialists and investigators from the United States, Singapore and Switzerland who were involved in the 1MDB investigation.
Higher stamp duties on property sales – 20% for foreigners compared with 3% for foreigners – which took effect July 5 have exerted more pressure on the cove, which stood out for being the only place where non-citizens can buy landed homes.
The state government of Penang can achieve its target of providing 75,000 affordable homes by 2022.
Penang Forum member Kam Suan Pheng, who is a soil scientist, has said that the tunnels for the proposed PIL 1 highway would cross fragile granitic fault lines.
WCT’s order book increases substantially to around RM6.8 billion (from RM5 billion), which translates into a healthy cover of 4.9 times on financial year 2017 (FY17) construction revenue.
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