Sources: KL Mayor has been asked to resign
KUALA LUMPUR (August 28): Kuala Lumpur mayor Tan Sri Mohd Amin Nordin Abd Aziz has reportedly been asked to resign from his post, the tenure of which is supposed to end July 18 next year.
Country Garden shares see-saw over Dr M’s foreign property ownership ban, says report
KUALA LUMPUR (Aug 28): Country Garden Holdings’ shares “see-sawed” yesterday after Malaysian Prime Minister Tun Dr Mahathir Mohamad announced that foreigners will not be allowed to buy property at the Forest City (pictured) mega project in Johor.
Mahathir: Companies offer to build ECRL for RM10 billion
PETALING JAYA (August 28): Dr Mahathir Mohamad said that other parties have offered to build the East Coast Rail Link (ECRL) for as low as RM10 billion, a stark contrast to the current RM55 billion price tag.
Country Garden stresses that all foreign purchases comply with Malaysian laws and regulations
PETALING JAYA (Aug 27): Country Garden Pacificview Sdn Bhd, the master developer of Forest City in Iskandar Malaysia, Johor, reiterated that all its property transactions comply with all Malaysian laws and regulations and have the necessary approvals to be sold to foreign purchasers.
Matrix Concepts 1Q net profit up 10%, declares 3.25 sen dividend
KUALA LUMPUR (Aug 27): Matrix Concepts Holdings Bhd's net profit grew 10.
Malaysia bans foreigners from Forest City mega project
KUALA LUMPUR (Aug 27): Prime Minister Tun Dr Mahathir Mohamad has announced that foreigners will not be allowed to buy property at the Forest City (pictured) mega project in Johor or be granted visas to live there.
PM says tax refunds to be paid only when govt has money – report
KUALA LUMPUR (Aug 27): The Prime Minister Tun Dr Mahathir Mohamad has said that the government can only refund overpaid taxes when it has the monies to do so.
Dr M: CEP report is only for me
KUALA LUMPUR (Aug 27): The recommendations made by the Council of Eminent Persons (CEP) will not be revealed to the public as its function is to report to the country's Prime Minister, said Tun Dr Mahathir Mohamad.
Non-payment of GST refunds needs finance minister’s nod
KUALA LUMPUR: Only the finance minister has the authority to extend the two weeks given to the Royal Customs Department to refund goods and services tax (GST) inputs paid by businesses.
Reports say Singapore has not agreed to defer HSR
KUALA LUMPUR (August 25): Singapore has not yet agreed to defer the Kuala Lumpur-Singapore High Speed Rail (HSR) project, reported the Straits Times.
