News about Act

LANGKAWI (Sept 6): The Datai Langkawi forest and beach resort, which is just a year shy of its silver anniversary, has closed its doors yesterday for a 10-month restoration project, said its operator in a statement.

KUALA LUMPUR (Aug 30): The High Court has ruled in favour of the Securities Commission Malaysia (SC) against six foreign defendants for their role in manipulating shares in Iris Corp Bhd in 2006, marking the end to a civil suit filed by the SC in 2008.

Kuala Lumpur Kepong Bhd (August 16, RM24.

KUALA LUMPUR (Aug 16): Batu Kawan Bhd’s net profit dropped 46% to RM80.

PETALING JAYA (Aug 15): The Kuala Lumpur Regional Centre for Arbitration (KLRCA) has launched a suite of Standard Form of Contracts (SFC) which is suitable for all building construction projects in Malaysia.

PETALING JAYA (Aug 4): Developers are finding it difficult to comply with the requirement under the country’s stata management laws, such as the Strata Management Act 2013 (SMA), to submit the number of share units in a development when submitting their strata plans to the authorities.

KUALA LUMPUR (July 11): Versatile Creative Bhd fell 2% at mid-morning today, after it announced it has delayed due diligence exercise for the development of medium-cost apartments in Johor, which has a gross development value of RM110 million.

KUALA LUMPUR (July 11): Versatile Creative Bhd said the due diligence for the development of medium-cost apartments, with a gross development value of RM110 million, in Johor Bahru has been delayed.

Once you buy a strata property, the value of your property is unwittingly bound to the overall management of the whole development.

PETALING JAYA (May 18): The Construction Industry Development Board of Malaysia (CIDB) wants construction contractors nationwide to be wary of people impersonating as CIDB officers.