News about Malaysia

KUALA LUMPUR (March 18): Telekom Malaysia Bhd (TM) wants to sell more buildings and landbank “to unlock the value of its assets”, reported The Star today “We are looking at various options to unlock the value of the buildings and land as we optimise our network.

KUALA LUMPUR (March 16): Manulife Asset Management Services Bhd (MAMSB) expects the Malaysian real estate investment trust (REIT) market to remain flattish this year, with yields of around 4%-5% due to an oversupply of the instrument in the market.

PUTRAJAYA (March 15): Ex-premier Datuk Seri Najib Razak's lawyer Tan Sri Muhammad Shafee Abdullah told the Court of Appeal today that his client wanted another judge to hear his criminal breach of trust and abuse of power case in relation to SRC International Sdn Bhd or that he be given a discharge not amounting to an acquittal.

PETALING JAYA (March 15): Perbadanan PR1MA Malaysia (PR1MA) received bookings for more than 1,600 units nationwide, worth over RM400 million, the units were booked between March 1 and March 8 following the Home Ownership Campaign (HOC) 2019 Expo at the Kuala Lumpur Convention Centre (KLCC) which ran from March 1 to March 3.

KUALA LUMPUR (Mar 15): Defence Minister Mohamad Sabu said it is up to the Cabinet to decide whether or not to make public the findings of an investigation into controversial land deals involving the Ministry.

PETALING JAYA (March 14): A damaged roof, broken tiles on the pavement and poor lighting – these have endangered commuters along an LRT (light rail transit) walkway for almost a year.

PETALING JAYA: More developers are optimistic about the industry‘s performance and growth in the second half of this year (2H2019) although take-up rates for new launches are expected to remain at 50% and below.

  KUALA LUMPUR (March 14): The US Justice Department (DoJ) is investigating if fugitive financier Low Taek Jho had any part in financing President Donald Trump’s re-election campaign.

  KUALA LUMPUR (March 14): As the debate on whether or not to shut down Malaysia Airlines Bhd hots up after Prime Minister Tun Dr Mahathir Mohamad’s remark about the government exploring various options, including closing down the national carrier, Finance Minister Lim Guan Eng made an attempt to clear the air that the government has not decided on its options.

KUALA LUMPUR (March 13): Bank Pembangunan Malaysia Bhd has launched a RM1 billion fund to support the nation's sustainable development target by incentivising more companies to adopt sustainable practices in their business strategies and operations.