Malaysian retail REITs to see light at end of tunnel
KUALA LUMPUR (Aug 12): A gradual recovery is underway in the retail industry, which is signalling Malaysian real estate investment trusts (REITs) in the retail space are set to see light at the end of the tunnel after the pandemic-induced slump.
World's tallest prefab towers in Singapore 'being built' in Malaysia
KUALA LUMPUR (Aug 12): The residential project Avenue South Residences in Singapore will boast the tallest prefabricated buildings in the world and Malaysia’s claim to fame will be that their “modules” are made in a factory in Senai, Johor.
Hearing of PSOSL’s bid to vary interim order blocking movement of 1MDB-linked funds adjourned to Aug 19
KUALA LUMPUR (Aug 12): The High Court has adjourned to Aug 19 the hearing of PetroSaudi Oil Services (Venezuela) Ltd (Incorporated in Barbados) (PSOSL)’s application to vary an interim order granted last month that blocked the movement of US4340.
MoH reports 11 new Covid-19 cases, none from clusters
KUALA LUMPUR (Aug 12): Malaysia’s new Covid-19 cases rose slightly to eleven today, from nine reported yesterday, bringing total cases in the country to 9,114.
Lawyers question why Najib allowed stay of RM210m fine
KUALA LUMPUR (Aug 12): Two lawyers, including one who had represented former premier Tun Dr Mahathir Mohamad, are questioning why Datuk Seri Najib Razak (pictured) is allowed a stay in paying the RM210 million fine after he was found guilty of all charges by the High Court in the SRC International Sdn Bhd case last month.
Witness: Zahid gave 92 cheques worth over RM76m to Yayasan Al-Falah despite not being a trustee
KUALA LUMPUR (Aug 12): Former deputy prime minister Datuk Seri Dr Ahmad Zahid Hamidi handed over 92 cheques totalling more than RM76 million to Yayasan Al-Falah from 2016 to 2018 via law firm Lewis & Co, despite not being a trustee to the foundation, a partner with the law firm confirmed in court today.
Covid-19: One in four respondents looking to relocate, says report
PETALING JAYA (Aug 12): One in four people surveyed, said they are more likely to move house in the next 12 months due to the Covid-19 pandemic, Knight Frank research showed.
Knight Frank: Covid-19 prompts shift in property buyers' budgets
PETALING JAYA (Aug 12): Some 53% of buyers said that their budget for property purchase has either remained unchanged or increased since the start of the Covid-19 pandemic, a Knight Frank Global Buyer Survey revealed.
Kejuruteraan Asastera accepts contracts worth RM17.58m
KUALA LUMPUR (Aug 12): Kejuruteraan Asastera Bhd (KAB) has accepted two letters of appointment (LOAs) with a total contract sum of RM17.
