Ku Nan ordered to enter defence in graft trial
KUALA LUMPUR (Oct 14): Former Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor has today been ordered by the High Court here to enter his defence for his graft trial.
Isa Samad's trial: Ex-Felda DG gives conflicting testimony on whether board approved Kuching hotel purchase
KUALA LUMPUR (Oct 9): Former Federal Land Development Authority (Felda) director-general Datuk Hanapi Suhada appeared to give conflicting testimony today on the question of whether or not approval was given by the Felda board for Felda Investment Corporation Sdn Bhd (FIC) to purchase Merdeka Palace Hotel and Suites in Kuching for RM160 million.
FIC gets RM100m advance from Felda for Kuching hotel purchase
KUALA LUMPUR (Oct 8): Felda Investment Corp Sdn Bhd (FIC) sought to borrow RM100 million from parent Federal Land Development Authority (Felda) in late 2014 to finance the purchase of the Merdeka Palace Hotel and Suites in Kuching, says former Felda finance director Mohd Shahrin Mohd Ali.
Isa Samad trial: Kuching hotel later valued at half the purchase price, says FIC officer
KUALA LUMPUR (Oct 8): The Merdeka Palace Hotel and Suites in Kuching, which was bought for RM160 million by Felda Investment Corporation Sdn Bhd (FIC) between late 2014 and early 2015, was subsequently valued at only RM80 million, a witness testified today in the graft trial of former Felda chairman Tan Sri Mohd Isa Samad.
DPM: Govt mulling sinking fund for industries to reduce impact of disasters
PUCHONG (Oct 8): The government is considering the creation of a “sinking fund” to increase industry player's responsibility in managing and restoring disasters in the country, according to a Malay Mail article today.
Ahmad Maslan denies receiving 1MDB money
KUALA LUMPUR (Oct 7): Barisan Nasional lawmaker Datuk Seri Ahmad Maslan has denied receving money from strategic development company 1Malaysia Development Bhd (1MDB).
S P Setia's Osaka project to benefit both Malaysia and Japan
OSAKA (Oct 5): Malaysia Housing and Local Government (KPKT) Minister Zuraida Kamaruddin and the Mayor of Izumisano City in Osaka, Hiroyasu Chiyomatsu expect S P Setia Bhd’s upcoming mixed development in Izumisano City to create economic benefits for both countries.
Hearing of Synergy Promenade RM100m defamation suit against ex-Felda chairman set for March 2020
KUALA LUMPUR (Oct 2): The hearing for property developer Synergy Promenade Sdn Bhd's RM100 million defamation suit against former Federal Land Development Authority (Felda) chairman Tan Sri Shahrir Abdul Samad will start in March next year.
Encouraging response for IOI Properties' Alanis launch at Warisan Puteri
SEPANG (Sept 24): IOI Properties Group Bhd saw keen interest from prospective buyers for its Alanis serviced apartment project at Warisan Puteri township in Kota Warisan, Sepang, Selangor.
China’s CPCG leads consortium to invest RM3b in Terengganu
KUALA LUMPUR (Sept 24): Chinese integrated construction company Pacific Construction Group Ltd (CPCG) is leading a consortium of investors to invest some RM3 billion in Terengganu for, among others, an industrial park, a free trade zone and affordable housing.
