News about S

Malaysia’s coming 61st National Day promises to be like no other.

Trying to get some fresh air this weekend? Head over to Putrajaya this weekend to visit the Royal Floria Putrajaya flower show.

KUALA LUMPUR (August 24): Calling their plight “regrettable”,  Ketari state assemblyman Young Syefura Othman said the government should ensure the welfare of the nearly 2,000 retrenched East Coast Rail Link (ECRL) workers, and rehabilitate the sites that had previously been earmarked for the project.

KUALA LUMPUR (Aug 24): The superyacht Equanimity, which is linked to Low Taek Jho — the alleged mastermind behind 1Malaysia Development Bhd's troubles — may find a new owner "in the next two or three months" after a Malaysian court granted an application to facilitate the sale of the vessel today.

PETALING JAYA (Aug 24): Reports of Khazanah Nasional Bhd seeking to sell its stake in M+S Pte Ltd surfaced in a report by the Malaysian Reserve, but The Business Times (BT), in checking the information, have found that both parties have not held talks on the matter.

PETALING JAYA (Aug 24): Property developer Paramount Property Development Sdn Bhd is on track to meet its full year sales target of RM1 billion with its 1H2018 sales already hitting RM598 million, said Paramount Corp Bhd group CEO and director Jeffrey Chew at an analyst and fund manager’s briefing for Paramount Corporation’s 1H2018 financial results today.

PETALING JAYA (August 24): Short-term accommodation rentals of homes in the Klang Valley are being pegged as the new venue of choice for raves, wild parties which may feature drug-use, loud music and alcohol consumption.

PETALING JAYA (Aug 24): The reintroduction of the Sales and Services Tax (SST), slated in September, is unlikely to reduce house prices despite cost savings of at least 1% to 2% for property developers, said Paramount Corp Bhd group CEO and director Jeffrey Chew.

PETALING JAYA (Aug 24): Hong Kong-listed property developer Country Garden Holdings founder and chairman Yeung Kwok Keung is confident in Malaysia’s economic prospects under the new government and plans to enlarge its investments in Malaysia, according to a report by Chinese daily Nanyang Siang Pau.

KUALA LUMPUR (August 24): Economists expect Malaysia’s inflation — as measured by the consumer price index (CPI) — to decelerate in July and remain subdued until the introduction of a new sales and services tax dubbed SST 2.