The interview that ruffled Najib’s feathers has won an award
KUALA LUMPUR (Feb 28): Last year, Datuk Seri Najib Razak appeared in an interview where he lost his cool repeatedly, an interview which has just won an award for “Interview of the Year”.
TM: Non-core property asset sale to create long-term value for shareholders
KUALA LUMPUR (Feb 28): Telekom Malaysia Bhd (TM) said today the sale of non-core property assets, such as land and buildings, is consistent with the group's strategy to create long-term value shareholders by strengthening the balance sheet and focusing the company's portfolio on its core business that will drive growth.
TM to sell two annexe towers for between RM273.4m and RM312m
KUALA LUMPUR (Feb 28): Telekom Malaysia Bhd (TM), which is planning to sell its Annexe 1 and Annexe 2 buildings at its headquarters here, said the reserve price range for the properties is between RM273.
MRCB closes 2018 lower on absence of disposal gain, re-timing of LRT3 job
KUALA LUMPUR (Feb 27): Malaysian Resources Corp Bhd (MRCB), whose largest shareholder is the Employees Provident Fund, closed out 2018 on a low note on absence of one-off disposal gains recognised in 2017, and slowing down of construction work on the Light Rail Transit Line 3 (LRT3) project undertaken by its 50%-owned unit MRCB George Kent Sdn Bhd.
Damansara Realty’s PPA1M project in Putrajaya cancelled
KUALA LUMPUR (Feb 27): Damansara Realty Bhd (DBhd) said Putrajaya Corp has cancelled a project to build 1Malaysia Civil Servants Housing (PPA1M) units and related commercial components in Precinct 5, Putrajaya.
MIP wants ‘less’ political interference in urban planning -- report
KUALA LUMPUR (Feb 26): Urban development policies have been “for too long” under the purview of “politicians who often make decisions on what wins the most votes”, president of the Malaysian Institute of Planners (MIP) Ihsan Zainal Mokhtar (pictured) told the Malay Mail recently.
WCT executes LRT3 novation agreements with Prasarana, MRCB George Kent
KUALA LUMPUR (Feb 22): WCT Holdings Bhd announced that its wholly-owned subsidiary WCT Bhd had today executed three novation agreements with Prasarana Malaysia Bhd and MRCB George Kent Sdn Bhd with regards to the proposed Light Rail Transit 3 (LRT 3) projects secured by WCT Bhd.
Malaysia has not secured cooperation to extradite Jho Low
SEMENYIH (Feb 22): The Malaysian Government has not secured the cooperation of an unnamed country to extradite fugitive financier Joh Low, Home Minister Muhyiddin Yassin said at a ceramah here last night.
Mindef lost RM258m in land swap deal with Syed Mokhtar — sources
KUALA LUMPUR (Feb 22): The Ministry of Defence (Mindef) allegedly lost RM258 million by selling the Royal Malaysian Air Force base in Kinrara, Puchong at a 34% discount to tycoon Tan Sri Syed Mokhtar Albukhary in a politically motivated land swap deal, said sources contacted by The Edge Financial Daily yesterday.
Stewart Labrooy: Government buildings' REIT will do very well
KUALA LUMPUR (Feb 21): Alpha REIT Managers Sdn Bhd chairman Datuk Stewart Labrooy said real estate investment trust (REIT) of government buildings would do very well, given the good location and quality of these assets.
