News about Malaysia

KUALA LUMPUR (Oct 30): PetroSaudi International Ltd (PSI) chief executive and co-founder Tarek Obaid received an US$85 million (about RM356 million) commission as a result of the company's joint venture (JV) deal with 1Malaysia Development Bhd (1MDB).

PETALING JAYA (Oct 30): The government has no plans to integrate the Malaysia My Second Home (MM2H) programme with the Home Ownership Campaign (HOC) as the two schemes have different objectives, said the Housing and Local Government (KPKT) Minister Zuraida Kamaruddin.

PETALING JAYA (Oct 30): Mohd Khairudin Abdul Halim has been appointed the director general of valuation and property services of the Department of Valuation and Property Services (JPPH) and the president of the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP).

KUALA LUMPUR (Oct 30): Ninety per cent of Malaysians are looking to emigrate for better career opportunities and work-life balance, according to Randstad’s latest survey.

KUALA LUMPUR: The Master Builders Association Malaysia (MBAM) has advised construction players to embrace technology and digitalisation, the Star reported today.

PETALING JAYA (Oct 26): The Pro Tem Strata Owners Association Malaysia today said a flat rate for maintenance fees in mixed developments is a better way to protect residential property owners’ interests.

PETALING JAYA: For the longest time, the Orang Asli communities have been battling a myriad of issues stemming from rapid urbanisation.

KUALA LUMPUR (Oct 25): CIMB Group Holdings Bhd and PLUS Malaysia Bhd have worked out a settlement agreement that puts an end to the joint venture partners’ dispute over PLUS’ decision to launch its own toll collection system.

PETALING JAYA (Oct 24): The Court of Appeal’s ruling to disallow Joint Management Bodies (JMBs) to charge different rates of service fees for different components within mixed-use developments is based on a strict interpretation of the Strata Management Act 2013 (SMA) and the Strata Management (Maintenance and Management) Regulations 2015, said Building Management Association of Malaysia (BMAM) and the Malaysia Shopping Malls Association (PPK).

KUALA LUMPUR (Oct 24): The RM1 billion Bank Negara Malaysia Fund for Affordable Housing has subsidised 1,100 home purchasers as at September, according to the central bank's director of financial surveillance Qaiser Iskandar Anwarudin.