“Homeownership plays a key role in ensuring the well-being of the nation, both socially and economically.”
Executive Director of Planning Department at Kuala Lumpur City Hall (DBKL) Nurazizi Mokhtar: Housing is always a major challenge for many cities around the world.
Shareholders sued the bank for unspecified damages in December, accusing it of misleading them about the firm’s work with 1MDB, for which the bank arranged US$6.5 billion (RM27.17 billion) in bond sales.
The Ministry said the matter was raised at a Cabinet meeting Wednesday as it is the responsibility of employers to ensure the safety and health of their workers.
This came after Justice Nazlan dismissed Ku Nan's bid to recuse the former from hearing the case.
If it happens, the deal would make the new entity one of the largest property developers by landbank in Malaysia with 7,284ha and a GDV of RM190 billion.
Sunway Property managing director Sarena Cheah said the proposed freehold, close-to-transit, development will match the current demand, especially for upper-middle income millennials who have flocked to Bukit Jalil in search of a greener environment, great accessibility and great amenities close to the city centre.
"It is an ideal situation for them [office space owners] especially for the offices located in mature economic clusters, like Kuala Lumpur City Centre (KLCC), Bangsar South and the upcoming Tun Razak Exchange (TRX).”
The plaintiff claimed that the defendant still failed to settle the amount within 60 days in accordance with the Act, and another compounded 5% increase was imposed, bringing the total to RM37,644,810.73.