AREA Group inks land deal with PNB
PETALING JAYA (28 August): The AREA Group of Companies (AREA) has signed a deal with PNB Development for the purchase of 212.
All big financial scandals from BN govt ‘more or less’ exposed, says Tony Pua
KUALA LUMPUR (Aug 28): Unless one has been living under a rock, most Malaysians would have heard or read about the numerous revelations of mega financial scandals and alleged wrong doings of the ousted Barisan Nasional (BN) administration.
UPDATE: KPKT minister: Ban on foreign buyers at Forest City not confirmed yet
PETALING JAYA (Aug 28): The decision to ban foreign buyers of units in Country Garden Holdings' Forest City development in Johor is not official yet, said Housing and Local Government Minister Zuraida Kamaruddin.
MoF likely to cease PDP method for future mega infra projects, Pua says
KUALA LUMPUR (Aug 28): The government is likely to cease the award of big infrastructure projects to project delivery partners (PDPs) after incidences of cost overruns that affected the government's budget, said special officer to the Finance Ministry Tony Pua.
Traders warned against profiteering attempts ahead of SST list
GEORGE TOWN (August 28): The Domestic Trade, Cooperatives and Consumerism Ministry has said that companies and traders should wait for the Sales and Services Tax (SST) list to be finalised before they announce price hikes for their goods and services.
Country Garden shares see-saw over Dr M’s foreign property ownership ban, says report
KUALA LUMPUR (Aug 28): Country Garden Holdings’ shares “see-sawed” yesterday after Malaysian Prime Minister Tun Dr Mahathir Mohamad announced that foreigners will not be allowed to buy property at the Forest City (pictured) mega project in Johor.
Land & General’s 1Q profit drops 92% to RM1.8m
KUALA LUMPUR (Aug 28): Land & General Bhd’s first quarter net profit dropped 92% to RM1.
Major shareholders propose privatisation of Daiman Development
KUALA LUMPUR (Aug 28): The major shareholders of Daiman Development Bhd have proposed to undertake a selective capital reduction (SCR) and repayment exercise to take the company private at RM3 a share or RM295.
CEP report ‘never meant for publication’
KUALA LUMPUR (Aug 28): The 100-day report by the Council of Eminent Persons (CEP) was never meant to be published for the public, said economist Dr Jomo Kwame Sundaram.
Ideal United shares hit 13-year high after sharp rise in 2Q earnings
KUALA LUMPUR (Aug 27): Ideal United Bintang International Bhd’s (IUBI) share price hit a 13-year high of RM1.
