26 Singaporeans injured in Batam bridge collapse
SINGAPORE (Nov 7): At least 26 Singaporeans were injured after a wooden bridge collapsed at a hotel in Batam, Indonesia on yesterday afternoon, according to various media.
Five ex-FGV directors have counterclaim dismissed, ordered to file defence
KUALA LUMPUR (Nov 8): Five former FGV Holdings Bhd (FGV) directors today failed in their counter-claim against the company over a suit that was filed against them and nine others, over the questionable acquisition of Asian Plantation Limited (APL).
Sime Darby Property, S P Setia, Alliance Bank to be dropped from MSCI Global Standard's Malaysia index
KUALA LUMPUR (Nov 8): Sime Darby Property Bhd, S P Setia Bhd and Alliance Bank Malaysia Bhd will be deleted from the MSCI Global Standard Indexes' MSCI Malaysia Index, following MSCI Inc's November 2019 semi-annual index review.
House buyers group says PH continuing BN practice of allowing extensions for developers
PETALING JAYA (Nov 8): The National House Buyers Association (HBA) criticised the government after the Housing and Local Government Ministry revealed the high number of extensions of time (EOT) approvals given to property developers since 2018, Free Malaysia Today reported today.
Lebuhraya Borneo Utara denies Pan Borneo Highway payment delayed
KUALA LUMPUR (Nov 8): Payment for the Pan Borneo highway project is not delayed and is expected to arrive as per the agreement with the works package contractors (WPCs), said Lebuhraya Borneo Utara (LBU).
Shahrol: KPMG and Deloitte did not raise any issues on PSI's credibility
KUALA LUMPUR (Nov 8): The auditors of 1Malaysia Development Bhd (1MDB) namely KPMG and Deloitte did not raise any substantial issues on the credibility of PetroSaudi International Ltd (PSI) to the board of directors, said former 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi.
Sentoria plans RM49.5m land sale in Langkawi resort project to rope in strategic investor
KUALA LUMPUR (Nov 8): Property developer and resort operator Sentoria Group Bhd plans to give up ownership of part of a plot of land for its Langkawi Geopark Resort City project to bring in a strategic investor for the resort development.
EcoFirst’s unit received sealed court order to pay sum of RM10.37 million
KUALA LUMPUR (Nov 8): EcoFirst Consolidated Bhd’s wholly-owned unit Pujian Development Sdn Bhd (PDSB) has received a sealed court order to pay a judgement sum of RM10.
Shahrol: I didn’t suspect anything amiss over transfer of 1MDB money to Jho Low's firm
KUALA LUMPUR (Nov 8): 1Malaysia Development Bhd (1MDB) did not suspect anything amiss when transferring US$330 million meant for PetroSaudi International Ltd (PSI) into the account of Good Star Ltd in 2011, despite its earlier experiences with Good Star in 2009, the High Court was told yesterday.
KPKT mulling compensation for unhappy PR1MA homebuyers
PUTRAJAYA (NOV 7): Housing and Local Government Ministry's (KPKT) minister Zuraida Kamaruddin today met with over 60 owners of 1Malaysia People’s Housing Scheme (PR1MA) to discuss problems they face over PR1MA including discounts given to new PR1MA homebuyers.
