News about Malaysia

KUALA LUMPUR (Aug 24): The superyacht Equanimity, which is linked to Low Taek Jho — the alleged mastermind behind 1Malaysia Development Bhd's troubles — may find a new owner "in the next two or three months" after a Malaysian court granted an application to facilitate the sale of the vessel today.

KUALA LUMPUR (August 24): With a week to go before the Sept 1 implementation of the new sales and service tax (SST), manufacturers yesterday called on the government to address the goods and services tax (GST) input tax refunds conundrum before imposing the SST.

KUALA LUMPUR (Aug 24): Malaysian police today filed the first set of criminal charges against Low Taek Jho (Jho Low) and his father over money allegedly stolen from 1Malaysia Development Bhd (1MDB).

KUALA LUMPUR (Aug 24): A spokesman for Low Taek Jho, through his attorneys, issued a statement today saying the Malaysian government's immediate plan to sell the yacht Equanimity at a public auction is unlikely to get a fair market value for the asset due to the yacht's maintenance cost.

PETALING JAYA (Aug 23): National strategic Khazanah Nasional Bhd is reportedly in negotiations to sell its stakes in two property-development joint-venture companies to Temasek Holdings Pte Ltd, according to The Malaysian Reserve.

PETALING JAYA (August 23): An uptick in enquiries from potential buyers due to renewed confidence in the new government has been noted by property consultancy Knight Frank, and the luxury condominium segment in Kuala Lumpur is expected to see improvements this year In the first quarter of the year, 216 condominiums and apartment units changed hands.

PETALING JAYA (August 23): Singapore’s bid to add their hawker culture to Unesco’s Representative List of the Intangible Cultural Heritage of Humanity has caused some backlash amongst Malaysians.

KEPONG (Aug 23): Kepong MP Lim Lip Eng will lodge a report with the Malaysian Anti-Corruption Commission to investigate 19 pieces of land owned by Yayasan Wilayah Persekutuan (YWP).

KUALA LUMPUR (Aug 22): From normal workers to top officials, those involved in the East Coast Rail Link (ECRL) are still in shock over the scrapping of the mega project.

KUALA LUMPUR (Aug 21): MRCB-Quill REIT (MQREIT) saw 48 million of its units cross off-market today.