Sunway acquires Sterling Paradise for RM15m
PETALING JAYA (Sept 20): Sunway City Sdn Bhd, a wholly-owned subsidiary of Sunway Bhd, has acquired Sterling Paradise Sdn Bhd with the rights to 11.
InvestKL: Influx of MNCs will ensure office rental market remains competitive
KUALA LUMPUR (Sept 19): The increasing number of multinational companies (MNCs) in Malaysia will have a multiplier effect on Kuala Lumpur’s market, especially the local office rental segment, said InvestKL acting CEO Muhammad Azmi Zulkifli.
1MDB-Tanore trial: Terengganu wanted to sell out TIA but MoF reluctant to buy, defence claims
KUALA LUMPUR (Sept 18): The Terengganu state government wanted to be out of Terengganu Investment Authority (TIA) immediately after a boardroom tussle in the state fund, lawyer Tan Sri Muhammad Shafee Abdullah (pictured) claimed in the High Court today.
‘Shahrol suggested that MoF takes over TIA’
KUALA LUMPUR (Sept 18): Former 1Malaysia Development Bhd (1MDB) chief executive officer (CEO) Datuk Shahrol Azral Ibrahim Halmi was the one who suggested to Datuk Seri Najib Abdul Razak to take over the Terengganu Investment Authority (TIA) from Terengganu Menteri Besar Inc (MB Inc) to form 1MDB, the High Court heard yesterday.
1MDB-Tanore trial witness insisted 1MDB was Najib's 'baby' — before defence changed his mind
KUALA LUMPUR (Sept 17): Datuk Amhari Effendi Nazaruddin, one of the key prosecution witnesses in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial involving former premier Datuk Seri Najib Razak, initially disagreed that the Terengganu Investment Authority (TIA) was mooted by Terengganu's ruler Sultan Mizan Zainal Abidin's when he was the 13th Yang di-Pertuan Agong.
1MDB-Tanore trial: Jho Low not advisor, Agong said in 2009 TIA meeting
KUALA LUMPUR (Sept 10): Datuk Amhari Efendi Nazaruddin has denied any knowledge that there were concerns raised in 2009 that fugitive financier Low Taek Jho, better known as Jho Low, has been misrepresenting himself as an advisor of then Yang Di-Pertuan Agong Sultan Mizan Zainal Abidin.
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Challenging outlook for office sector, KL City rents under pressure
PETALING JAYA (Sept 4): Office rents in Kuala Lumpur city centre (KL City) saw a marginal decline of 0.
Jho Low explained TIA to Najib's aide by scribbling on a whiteboard in his kitchen
KUALA LUMPUR (Sept 4): Fugitive businessman Low Taek Jho explained the formation of Terengganu Investment Authority (TIA) to former premier Datuk Seri Najib Razak's aide by scribbling on a whiteboard in his apartment kitchen here.
Najib's grip over 1MDB tightened six months after becoming PM
KUALA LUMPUR (Aug 29): Six months after Datuk Seri Najib Razak was appointed Prime Minister in 2009, a new article was added to Terengganu Investment Authority Bhd's (TIA) articles of association to grant him significant control over the company, which eventually became 1Malaysia Development Bhd (1MDB).
UEM Sunrise aims to nearly double new launches next year
KUALA LUMPUR (Aug 29): Unfazed by worries of supply overhang in the property market, UEM Sunrise Bhd (UEMS) plans to nearly double the size of its new launches next year.
