KUALA LUMPUR (June 25): The High Court will be announcing its decision on the 1Malaysia Development Bhd (1MDB) forfeiture action against former land and cooperative development minister Tan Sri Kasitah Gaddam on July 24.
KUALA LUMPUR (June 25): The Perikatan Nasional (PN) government may not proceed with the takeover of four toll highways which Gamuda Bhd has a majority stake in — Damansara-Puchong Expressway, SPRINT Expressway, Shah Alam Expressway, and SMART Tunnel — according to Affin Hwang Capital Research.
KUALA LUMPUR (June 25): Gamuda Bhd’s net profit for its third financial quarter ended April 30, 2020 (3QFY20) slumped 77.
KUALA LUMPUR (June 24): A myriad of events are eroding rents in Hong Kong.
KUALA LUMPUR (June 24): The High Court today allowed the prosecution to amend the charge in the 1Malaysia Development Bhd (1MDB) audit tampering case as the judge ruled that it would not prejudice former prime minister Datuk Seri Najib Razak (pictured) and former 1MDB president Arul Kanda Kandasamy.
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PETALING JAYA (June 24): Although some renowned fashion brands such as Zara and Esprit have announced store closures in Malaysia recently, occupancy rate into the second half of the year (2H 2020) is expected to be relatively stable for established malls in the country.
Sold for: RM690,000 (RM548 psf) Concluded by: Ashley Haw (REN 05137) (011-1289 3610) of Kith and Kin Realty Sdn Bhd When: December 2019 Noteworthy: ● Freehold ● Built-up: 1,259 sq ft ● 3 bedrooms; 2 bathrooms ● Fully furnished unit ● Facilities: tennis court, gym, mini market, sauna, swimming pool and BBQ area.
KUALA LUMPUR (June 23): The Ministry of Health (MoH) announced three new locally transmitted Covid-19 cases today, two of which involve foreigners, together with nine recoveries and no new deaths.
KUALA LUMPUR (June 23): The Malaysian Anti-Corruption Commission (MACC) said today the Attorney General's Chambers' (AGC) prosecution team will file an appeal against the High Court’s decision to dismiss the stay application by the prosecution to hold the return of some RM194 million worth of alleged 1Malaysia Development Bhd (1MDB)-linked money to Umno, Wanita MCA, Binsabi Sdn Bhd and Perano Sdn Bhd.
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