SRC owes KWAP RM4.15b after borrowing RM4b seven years ago, says witness
KUALA LUMPUR (June 19): SRC International Sdn Bhd — formerly a subsidiary of 1Malaysia Development Bhd — still owes Retirement Fund (Incorporated) (KWAP) RM4.
IWCity shares soar on renewed buying interest
KUALA LUMPUR (June 19): Iskandar Waterfront City Bhd (IWCity) shares have come under strong buying interest today.
Brickfields residents unhappy with high rental rates at DBKL carpark complex
KUALA LUMPUR (June 19): Some Brickfields residents are miffed by the way a private company is now running the multi-storey carpark Kompleks Tempat Letak Kereta (TLK) Brickfields.
Mazidah: Najib sought RM100m govt loan
KUALA LUMPUR (June 19): Datuk Seri Najib Razak put forth a memorandum during a cabinet meeting in November 2015 to ask for a RM100 million loan from the federal government to SRC International Sdn Bhd, formerly a subsidiary of 1Malaysia Development Bhd (1MDB), to cover the interest and late payment penalty for the RM4 billion loans from Kumpulan Wang Persaraan (Diperbadankan) (KWAP), also called Retirement Fund Inc.
SRC's board had to comply with PM or go home — Ismee
KUALA LUMPUR (June 18): The board members of SRC International Sdn Bhd would not have been able to remain in their positions if they had refused to follow the instructions of Datuk Seri Najib Razak, said its former chairman Tan Sri Ismee Ismail.
Abandoned housing project in Puncak Alam revived as Rumah Idaman
SHAH ALAM (June 18): A housing project that has been abandoned for nearly two decades called Arcadia, located in Taman Alam Perdana, Puncak Alam, Selangor is being revitalised and developed into a Rumah Idaman affordable housing project, revealed Selangor Menteri Besar Amirudin Shari today.
PCSB-MGB Consortium, Must Ehsan to develop ‘Rumah Idaman’ affordable homes
SHAH ALAM (June 18): PCSB-MGB Consortium signed a Development Rights Agreement with Must Ehsan Development Sdn Bhd today to jointly develop Rumah Idaman affordable homes at Encorp Cahaya Alam, Selangor.
More downside for construction sector besides higher building material prices — TA Securities
KUALA LUMPUR (June 18): The construction sector will likely have to brace for more downside moving forward apart from the rising building material costs, according to TA Securities.
Rosmah continues to push for striking out asset declaration notice
KUALA LUMPUR (June 18): Datin Seri Rosmah Mansor (pictured), who is currently charged for 17 counts of money laundering, is determined to make sure she is absolved from declaring her assets to the courts prior to the trial of the case.
Rosmah may testify against husband Najib in former 1MDB unit trial
KUALA LUMPUR (June 18): Datuk Seri Najib Razak's wife Datin Seri Rosmah Mansor came to the High Court here today to observe her husband's SRC International Sdn Bhd proceedings but was asked by the prosecution to leave the court room as she could be called in as a witness — which means she may have to testify against her husband.
