PAC’s probe into ‘tampered’ 1MDB audit report to start Dec 4

Nov 14

KUALA LUMPUR (Nov 14): The Public Accounts Committee (PAC) will kick off its investigation in the first week of December this year into the allegations the 2016 Auditor-General’s Report on 1Malaysia Development Bhd (1MDB) has been tampered with.

Rehda Institute, MRMA to set up residential REIT to provide rental housing

Nov 13

KELANA JAYA (Nov 13): Rehda Institute is looking at introducing a Residential Real Estate Investment Trust (REIT) which could provide more rental housing to the B40 income group.

Open tender system for outdoor ads starting 2019

Nov 13

KUALA LUMPUR (Nov 13): Starting in 2019, all applications for outdoor advertisements will be conducted through an open tender system.

AirAsia will not take part in Airport REIT

Nov 13

KUALA LUMPUR (Nov 13): AirAsia Group Bhd will not invest in the proposed airport real estate investment trust (Airport REIT) as the low-cost carrier does not want to lose focus on its airline business, said chief executive officer (CEO) Tan Sri Tony Fernandes.

Segambut MP lodges report over 29 violations of KL City Plan in her constituency

Nov 12

KUALA LUMPUR (Nov 12): Segambut lawmaker Hannah Yeoh (pictured) lodged a report with the Malaysian Anti-Corruption Commission (MACC) last week about 29 violations of the recently gazetted Kuala Lumpur City Plan (KLCP) 2020 in her constituency, reported The Star.

MRMA suggests higher free float of Airport REIT to gain more foreign interest

Nov 12

KUALA LUMPUR (Nov 12): Malaysian Real Estate Investment Trust (REIT) Managers Association (MRMA) suggested the government consider increasing the free float of the Airport REIT (AREIT) to more than 30% of the proposed stake, in line with the Bursa Malaysia's priority to attract higher foreign participation in the local capital market.

FT minister: Viral photos of SMART Tunnel flooding untrue

Nov 12

KUALA LUMPUR (Nov 12): Photos of the SMART Tunnel flooding which went viral on social media yesterday are untrue, Federal Territories Minister Khalid Abdul Samad (pictured) said today, reported the Malay Mail.

PAC to set a date for 1MDB proceedings tomorrow

Nov 12

KUALA LUMPUR (Nov 12): The Public Accounts Committee (PAC) will hold a meeting tomorrow (Nov 13) to discuss the date for proceedings to start, pertaining to the reinvestigation of 1Malaysia Development Bhd (1MDB).