News about FIC

KUALA LUMPUR (Dec 5): The Kuala Lumpur High Court has set Feb 14, 2020 on whether it is to give a summary judgment in the case between the master developer of the Kuala Lumpur Vertical City (KLVC) who is suing the Federal Land Development Authority (Felda) and its investment arm Felda Investment Corp Sdn Bhd (FIC), over a dispute in the development of the project.

PETALING JAYA (Dec 3): Kuala Lumpur’s office rents recorded a 2.

Rented for: RM14,000 (around RM4.

KUALA LUMPUR (Nov 27): Former company director Ikhwan Zaidel yesterday denied lying to the court over the alleged payment of a RM3.

KUALA LUMPUR (Nov 26): Datuk Seri Najib Abdul Razak faces yet another legal battle as the High Court has directed the former prime minister and ex-finance minister to file his defence by Dec 30, after a suit filed by Damansara MP Tony Pua against him over misfeasance in public office involving 1Malaysia Development Bhd (1MDB) was reinstated by the Federal Court last week.

The oversupply situation in the property market in Malaysia is reflected in the foreclosure market.

KUALA LUMPUR (Nov 23): UEM Sunrise Bhd is disposing of one of its properties in Melbourne for A$125 million (RM354.

PUTRAJAYA (Nov 19): In a landmark judgement, the Federal Court ruled that the Prime Minister (PM) and ministers are public officers, which means that they can be sued for misfeasance in public office, and the government can be held vicariously liable for any wrongdoing they committed.

For many years, office landlords have charged rents for the provision of standard office space on fixed terms.

PETALING JAYA (Nov 14): It is estimated that 90% of new strata property in the country are still being managed by Joint Management Bodies (JMB) with only 10% having formed Management Corporations (MC) due to the delay in the issuance of strata titles.