CIMB takes legal action to halt PLUS Malaysia’s RFID plans
KUALA LUMPUR (Dec 18): CIMB Group Holdings Bhd has initiated legal action against PLUS Malaysia Bhd, claiming the latter has breached its obligations under a 1998 joint-venture agreement (JVA) in relation to Touch ’n Go Sdn Bhd, by launching its own toll collection system.
Malaysia’s AG says Goldman broke laws at the heart of capital markets
KUALA LUMPUR (Dec 17): Malaysia’s Attorney-General Tommy Thomas said criminal charges were filed against Goldman Sachs and others today as they had broken laws that were “at the heart of the capital markets”, when they sold three bonds totalling US$6.
Malaysia's cost of living rises but still has some of the cheapest locations for expats
SINGAPORE (Dec 17): Although Malaysian cities have seen a significant rise in the rankings for cost of living for expatriate workers, they remain the cheapest locations in Asia for expats, according to the latest Cost of Living survey by ECA International.
Kayin raises Selangor Properties privatisation offer to RM6 per share
KUALA LUMPUR (Dec 17): Selangor Properties Bhd's Wen family has revised its privatisation offer to RM6, from RM5.
Malaysia files criminal charges against Goldman Sachs over 1MDB
KUALA LUMPUR (Dec 17): Malaysia on Monday filed criminal charges against three subsidiaries of Goldman Sachs Inc over their handling of bonds totalling US$6.
Malaysian Hindu Sangam: Unfair to take back land given by Selangor govt for temple
PETALING JAYA (Dec 17): The Malaysian Hindu Sangam (MHS) said that even though it welcomed Attorney-General’s recommendation on the USJ25 Seafield Sri Maha Mariamman (pictured) temple issue, it, however, felt that it was unfair for the Selangor government to take back the 0.
TTDI residents urge MACC to speed up investigations
KUALA LUMPUR (Dec 17): The Taman Tun Dr Ismail Residents Association (TTDIRA) is urging the Malaysian Anti-Corruption Commission (MACC) to speed up its investigations into reports lodged by various parties on the contentious development at Taman Rimba Kiara (TRK) here.
Design competition to revive unused space below highways
PETALING JAYA: Think you can do something about those unused spaces under highways? If you have any idea, please take part in Malaysia’s first design competition that seeks to rejuvenate these dead spaces.
Phileo Damansara 2 MC to use different maintenace rates within mixed-use building
PETALING JAYA (Nov 14): To ensure greater equitability, the PD2 Management Corp -- which manages the Phileo Damansara 2 integrated development here -- has voted to adopt different maintenance charges for the various types of parcels within the property, reported The Star.
