Setia City Mall Phase 2 targets to open by June 2020
SHAH ALAM (Oct 17): Set to be Shah Alam’s largest mall, Setia City Mall is currently undergoing an expansion which will add some 450,000 sq ft of retail space bringing it to a total of over 1.
Empire Resorts’ minority shareholder sues Genting Malaysia and Kien Huat Realty for unfair privatisation deal
KUALA LUMPUR (Oct 16): A minority shareholder is suing Empire Resorts Ltd, its board members and the controlling shareholders — Genting Malaysia Bhd (GENM) and Kien Huat Realty III, for the unfair offer to take the US-based casino operator private.
1MDB audit report tampering: Prosecution to prepare over 40 witness statements
KUALA LUMPUR (Oct 16): The prosecution team in the 1MDB audit report tampering trial involving Datuk Seri Najib Abdul Razak and former 1MDB chief executive officer Arul Kanda Kandasamy is preparing over 40 witnesses for the case, the High Court was told today.
TA Securities upgrades property sector to overweight
KUALA LUMPUR (Oct 16): TA Securities Research has upgraded the property sector to "Overweight" (from Neutral) and said since August 2019, developers' share prices were heavily bashed down amid concerns on rising property overhang and slow property demand due to financing issues.
Metronic board meets to consider Lee Kim Yew's call for special audit today
KUALA LUMPUR (Oct 16): Metronic Global Bhd’s board of directors will meet today to consider a request by its largest shareholder, Tan Sri Lee Kim Yew, for the appointment of an independent team of auditors to conduct a special audit on several corporate exercises undertaken by the company this year.
More than half of Malaysians affected by poor indoor air quality
KUALA LUMPUR (Oct 16): According to a survey conducted by Nippon Paint Malaysia Group, about 60% of Malaysians are suffering because of poor indoor air quality.
Auditor in bid to stop 1MDB probe decision from going public
KUALA LUMPUR (Oct 16): An auditor has obtained an injunction preventing the Disciplinary Committee (DC) of the Malaysian Institute of Accountants (MIA) from making public any adverse decision concerning a 1Malaysia Development Bhd (1MDB)-related investigation against him.
Homes for families of armed forces in poor shape due to lack of funds, audit finds
KUALA LUMPUR (Oct 15): The National Audit Department said housing facilities for families of Armed Forces personnel (RKAT) are in poor shape due to insufficient financial allocations, inefficient financial management and inconsistent monitoring, the Malay Mail reported yesterday.
Opposition lauds PH lawmaker for urging Putrajaya to revive MRT3
KUALA LUMPUR (Oct 15): Opposition lawmakers today lauded government backbencher Nik Nazmi Nik Ahmad for urging the government to revive the Mass Rapid Transit Line 3 (MRT3).
City folk urged to provide feedback for Kuala Lumpur 2040 Development Plan
KUALA LUMPUR (Oct 15): Kuala Lumpur City Hall (DBKL) wants ratepayers to participate in engagement sessions next year to help the local authority draft the Kuala Lumpur 2040 Development Plan (KL2040DP), the Star reported today.
