Eden's major shareholder proposes land transfer to settle RM45.65m debt owed to company
On transfer of the land to Eden's unit Stratavest Sdn Bhd (STV), Eden will pay ZESB the balance of the land value, net of the debt, that amounts to RM4.
Court rules FGV’s former chairman, ex-CEO wrongfully used luxury condos
The use and refurbishment of The Troika units located in Kuala Lumpur city centre contravened company procedures, High Court judge Datuk Mohd Arief Emran Arifin said, and ordered Mohd Isa to pay RM990,502 to FGV and Mohd Emir to reimburse RM2.
Ten Cabinet line-up changes, two ministry portfolio splits in reshuffling by PM
Akmal Nasrullah Mohd Nasir, previously the deputy local government development minister, is now the deputy energy transition and public utilities minister.
KL-SG high-speed rail suit: ‘Mere dissatisfaction over govt decision alone not basis for legal action’
Judicial Commissioner (JC) Roz Mawar Rozain observed this while presiding over the defendants’ application to strike out the suit by Mohd Hatta Sanuri against former prime ministers Tun Dr Mahathir Mohamad and Tan Sri Muhyiddin Yassin, and several others over the Kuala Lumpur-Singapore high-speed rail (KL-SG HSR)’s cancellation two years ago.
RM18.3b worth of unsold houses in 2Q, says deputy minister
Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir stated that, according to the National Property Information Centre (Napic), this indicates a 5.
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Govt mulls raising minimum capital for new property developers, blacklisting directors of sick and abandoned projects
Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir said the government is currently studying to amend the Advertising Permit and Developer’s License Act (Act 118).
Malaysia's construction activity rises for fifth straight quarter; but seen slowing in 2Q2023
“The increment (in 2Q2023 construction value) was supported by double-digit growth in the civil engineering sub-sector, which grew by 10.
Abdul Karim no longer a shareholder in SCIB after forced share sale
Abdul Karim is also co-founder and chairman of troubled engineering group Serba Dinamik Holdings Bhd.
Thirteen PR1MA housing projects still abandoned, to be recovered by end-2024, says deputy minister
Minister Akmal Nasrullah Mohd Nasir: Out of the total 22 projects that have not yet obtained a certificate of completion and compliance (CCC) or are still under construction, 13 are abandoned projects.
Malaysia lifts RE exports ban and raises 2050 generation capacity goal to 70%
The “cross-border RE sale will be conducted via an electricity exchange system to be set up by the government”, Rafizi said.
