Jho Low’s former Soho condo sold at a discount by US govt: Report
KUALA LUMPUR (May 22): A luxury condo that once belonged to fugitive financier Low Taek Jho has been sold by the US government at a sharply discounted rate.
Be cautious of bad indoor air quality post-MCO, says expert
PETALING JAYA (May 22): The Movement Control Order (MCO) that was implemented from March 18 to May 3 meant non-essential businesses and services could not operate throughout the duration.
Covid-19: Stricter SOPs needed for short term rentals
PETALING JAYA (May 22): More stringent Standard Operating Procedures (SOP)s for short term rental operations in strata buildings are needed to prevent the spread of diseases such as the Covid-19, said Henry Butcher Mont’ Kiara executive director Low Hon Keong.
Not OK to waive maintenance fees in light of Covid-19
PETALING JAYA (May 22): Many strata property owners may have sought waivers or discounts on maintenance fees since the Covid-19 outbreak and the ensuing Movement Control Order (MCO) period but such fee waivers and discounts are not viable as any adjustments in fee collection or sinking funds will need the approval of property owners via an AGM or EGM, said Chur Associates founder and managing partner Chris Tan.
CMMT’s 1Q NPI falls on lower rental income amid MCO
KUALA LUMPUR (May 21): Capitaland Malaysia Mall Trust (CMMT) said its earnings in the first quarter ended March 31, 2020 was affected by lower rental income from its shopping malls, following the implementation of the movement control order (MCO).
Sime Darby Prop 1Q profit down on lower property development income, higher finance costs
KUALA LUMPUR (May 21): Sime Darby Property Bhd’s net profit for the first quarter ended March 31, 2020 (1QFY20) plunged 95% to RM14.
SunCon’s 1Q net profit falls 47% on MCO impact, but group optimistic on prospects
KUALA LUMPUR (May 21): Sunway Construction Group Bhd’s (SunCon) first quarter net profit fell 47% year-on-year to RM16.
Shahrol says he can't comment on whether Najib was involved in PSOSL deal
KUALA LUMPUR (May 21): Former 1MDB CEO Datuk Shahrol Azral Ibrahim Halmi told the High Court today that he could not comment on whether former prime minister Datuk Seri Najib Abdul Razak was involved in the dealings between the troubled fund and PetroSaudi International Ltd (PSI).
Shahrol: Jho Low gave my famous nasi goreng to Najib and the ex-PM liked it
KUALA LUMPUR (May 21): Former 1MDB CEO Datuk Shahrol Azral Ibrahim Halmi shared an anecdote about his "famous nasi goreng" in explaining at the High Court today why he trusted fugitive financier Jho Low.
PMO: Corporate liability under MACC Act to be enforced from June 1
KUALA LUMPUR (May 21): The enforcement of Section 17A of the MACC Act 2009 on June 1 reflects the government's commitment to tackling corruption, improving integrity and implementing good corporate governance.
