News about Malaysia

KUALA LUMPUR (Oct 28): Former Asian International Arbitration Centre (AIAC) director Datuk Dr N Sundra Rajoo is suing The Malaysian Institute of Architects (PAM), its president Datuk Ezumi Harzani, and Lembaga Arkitek Malaysia (LAM) for libel over an article which was written by Ezumi and published on LAM’s website.

KUALA LUMPUR (Oct 22): CapitaLand Malaysia Trust (CLMT) (formerly known as Capitaland Malaysia Mall Trust) saw its net property income (NPI) for the third quarter ended Sept 30, 2021 (3QFY21) contracted 54.

KUALA LUMPUR (Oct 21): The High Court on Thursday (Oct 21) allowed the prosecution to commence impeachment proceedings against Datin Seri Rosmah Mansor (pictured), which will see them using her statement to the Malaysian Anti-Corruption Commission (MACC) about her money-laundering case to grill her over her testimony in the ongoing solar hybrid project graft trial.

KUALA LUMPUR (Oct 19): About 70% of employers who responded to a poll conducted by the Malaysian Employers Federation (MEF) indicated that they will operate in a hybrid fashion in the post-lockdown period.

KUALA LUMPUR (Oct 16): Bertam Alliance Bhd has secured a contract worth RM24.

Reapfield Properties HQ real estate negotiator Andrew Tan, who is also a resident of Desa ParkCity for over a decade admits that when the residents first heard about Sofiya Residensi, objections were filed to the developer, on the basis that the project would mar the whole exclusivity of Desa ParkCity.

KUALA LUMPUR (Oct 14): Bank Negara Malaysia (BNM) welcomes the Financial Management & Resilience Programme (URUS) by Agensi Kaunseling dan Pengurusan Kredit (AKPK) and the banking industry, which seeks to aid B50 borrowers with performing loans who have lost their jobs or who are experiencing income loss of at least 50%.

KUALA LUMPUR (Oct 13): While the industrial and logistics segment is expected to remain the bright spot in the property industry, CBRE|WTW managing director Foo Gee Jen (pictured) said there will be great potential in worker accommodation.

KUALA LUMPUR (Oct 8): Malaysia’s cultural diversity is said to be the main reason many foreigners have chosen to reside in this country under its Malaysia My Second Home (MM2H) programme since it was introduced 19 years ago.

KUALA LUMPUR (Oct 8): Property developer Paragrene Land Bhd is to float on the Main Market of Bursa Malaysia, with the funds raised from the exercise to be used to pay for project development expenses.