News about AG

KUALA LUMPUR (Dec 14): Vertice Bhd is planning to divest a 60% equity interest in its fashion retail business to its founder and executive deputy chairman Seow Khim Soon for RM32.

KUALA LUMPUR (Dec 12): A controversial piece of land in Tun Razak Exchange (TRX) here that Lembaga Tabung Haji (pictured) purchased from 1Malaysia Development Bhd (1MDB) three years ago is likely to be one of the underperforming assets that will be transferred to a special purpose vehicle (SPV) under the ministry of finance.

PENANG (Dec 10): Unit owners in Penang who discard their garbage without first separating their recyclables will be fined RM250 come January when Penang Island City Council and Seberang Prai Municipal Council starts enforcing the law on landed commercial and residential property.

KUALA LUMPUR (Dec 10): The presentation of a white paper on the Federal Land Development Authority (Felda) in Parliament, by the Ministry of Economic Affairs (MEA), has been postponed to next year on the recommendation of the Cabinet.

  Sixteen years since the Malaysia My Second Home (MM2H) programme was established in 2002, the programme has attracted a total of 38,932 participants from as many as 130 countries as at end-2017.

PETALING JAYA (Dec 7): The Malaysian Institute of Property and Facility Managers (MIPFM) has announced the resignation of its president Sarkunan Subramaniam and declared that it is against a suggestion to set up a separate board to register property, facility and strata managers.

PETALING JAYA (Dec 7): The Malaysian Institute of Estate Agents (MIEA) has inked a Memorandum of Understanding (MoU) with low-cost carrier AirAsia Bhd yesterday to offer greater travel flexibility for the institute's members, it announced in a statement today.

  KUALA LUMPUR (Dec 4): The Federal Land Development Authority (Felda) lost RM5.

  A public hearing to obtain feedback on a proposal to degazette a part of the Bukit Lagong Forest Reserve in Gombak for a housing development project is under-way.

A property, no matter how great-looking it is, is only as good as its management and maintenance.