News about Act

NEW YORK (Nov 2): A three-count criminal indictment was unsealed yesterday in federal court in the eastern district of New York charging Low Taek Jho, also known as Jho Low, and Ng Chong Hwa, also known as Roger Ng, with conspiring to launder billions of dollars embezzled from 1Malaysia Development Bhd (1MDB), a government strategic investment fund, and conspiring to violate the Foreign Corrupt Practices Act (FCPA) by paying bribes to various Malaysian and Abu Dhabi officials.

PETALING JAYA (Nov 1): Responding to calls for a separate board for estate agents in the country, the Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC) said setting up a separate board for the profession is not viable.

KUALA LUMPUR (Nov 1): The Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP), which is currently giving a one-year window period for any person with property management experience to be registered as a property manager, expects the number of registered property managers to increase from the current 3,000 to 6,000 by year-end.

SEPANG (Oct 29): A 23-year-old Libyan man is expected to be charged under Section 302 of the Penal Code at a magistrate’s court here with the murder of assistant manager Wan Amirah Wan Alias, reported The Star today The Libyan will also be charged under Section 326 of the Penal Code with voluntarily causing grievous hurt by dangerous weapons or means.

Questions from the audience at the EdgeProp.

Malaysia does not have a Tenancy Act and many of the current laws related to rental and tenancy that we have adopted are basically pro-tenants, said Chur Associates founder and managing partner Chris Tan.

KUALA LUMPUR (Oct 16): Potholes are bane to motorists.

KUALA LUMPUR (October 8): Property developers have until the end of this month to announce the discount that can be passed on to house buyers arising from the sales and services tax (SST) exemption on construction materials, but cutting prices may not be as easy as it is set out to be.

PETALING JAYA (Oct 5): The Malay Economic Action Council (MTEM) has urged the Johor government to ignore a suggestion to do away with bumiputera quotas and discounts for properties priced above RM1 million, reported The Malaysian Insight.

PETALING JAYA (October 5): The Malay Economic Action Council (MTEM) has said China companies must develop smart partnerships with locals in Malaysia.