News about REN

PETALING JAYA (Oct 11): The government has announced the introduction of a Rent-to-own (RTO) financing scheme to help prospective first-time homebuyers who are unable to afford the initial 10% deposit or the financing for the purchase of a home under RTO schemes.

KUALA LUMPUR (Oct 7): Former 1Malaysia Development Bhd (1MDB) CEO Datuk Shahrol Azral Ibrahim Halmi concedes before the High Court today that the beleaguered state-owned fund was not the ‘baby’ of Datuk Seri Najib Razak as its inception was not mooted by the former prime minister.

KUALA LUMPUR (Oct 7): Datuk Shahrol Azral Ibrahim Halmi, former CEO of Terengganu Investment Authority Bhd (TIA) and then 1Malaysia Development Bhd (1MDB), agreed with the defence’s suggestion that he does not blame former prime minister Datuk Seri Najib Razak for trusting fugitive financier Low Taek Jho and Casey Tang Keng Chee, which was former 1MDB executive director of business development.

KUALA LUMPUR (Oct 2): MGB Bhd's wholly-owned MITC Engineering Sdn Bhd has bagged a RM53.

  SIMPANG RENGGAM (Sept 30): Despite two days of rainfall in Simpang Renggam in Johor, water levels of Sungai Benut has failed to rise, causing fears of a water shortage to be realised.

KUALA LUMPUR (Sept 26): Datuk Seri Najib Razak’s senior counsel said that the suspension of the RM5 billion Islamic medium term notes (IMTN) issuance would have negatively impacted Malaysia’s ratings, which was why the former premier had decided to go on with the issuance.

KUALA LUMPUR (Sept 25): Former Terengganu Investment Authority Bhd (TIA) and 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi (pictured) said 1MDB was exempted from being audited by the National Audit Department, as it presented a political risk to former prime minister Datuk Seri Najib Razak.

KUALA LUMPUR (Sept 25): Former Terengganu Investment Authority Bhd (TIA) and 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi testified that Datuk Seri Najib Abdul Razak had ordered TIA to push on with the bonds issuance, despite opposition from Terengganu’s ruler.

KUALA LUMPUR (Sept 24): The Ministry of Finance (MoF) was said to have been pressured into issuing the government guarantee for the RM5 billion Islamic medium term notes (IMTN), in order to meet a tight one-month deadline set by fugitive businessman Low Taek Jho, according to the testimony by Datuk Shahrol Azral Ibrahim Halmi, the ninth prosecution witness in the 1Malaysia Development Bhd (1MDB)-Tanore trial, at the High Court yesterday.

KUALA LUMPUR (Sept 24): Chinese integrated construction company Pacific Construction Group Ltd (CPCG) is leading a consortium of investors to invest some RM3 billion in Terengganu for, among others, an industrial park, a free trade zone and affordable housing.