Ambrin: Instructions to amend 1MDB audit report came from Ali Hamsa

KUALA LUMPUR (Aug 13): Former auditor-general Tan Sri Ambrin Buang (pictured) testified today that the directives to amend parts of the National Audit Department (NAD) audit report of 1Malaysia Development Bhd (1MDB) for the year 2014, came from then chief secretary of the government Tan Sri Ali Hamsa.

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DONE DEAL: Serviced apartment, Metropolitan Square, Damansara Perdana, Selangor

Sold for: RM500,000 (RM420 psf) Concluded by: Jin Teok (REN 24772) (012-771 7963) of Fortress Real Estate Sdn Bhd When: June 2020 Noteworthy: ● Leasehold ● Built-up size: 1,190 sq ft ● Three bedrooms; two bathrooms ● Unfurnished unit ● Low floor unit with a garden view ● Facilities: Two infinity pools, a clubhouse, two lap pools, two children’s pools, sauna, gym, badminton court, steam room, barbecue area and a tennis court ● Amenities: Schools, shopping malls, hypermarket and supermarket, hospital, medical centre, eateries and restaurants, commercial hub and banks ● Easy access via Damansara-Puchong Expressway (LDP), Western KL Traffic Dispersal System (SPRINT) and Kuala Lumpur Middle Ring Road 2 (MRR2) Read also DONE DEAL: Factory, Kawasan Perusahaan Bandar Sultan Sulaiman, Klang, Selangor DONE DEAL: Condo unit, Seri Hijauan, Shah Alam, Selangor Metropolitan Square is a mixed development project by MK Land Holdings (now known as EMKAY Group).

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Property sector 'neutral' despite challenging outlook, says AmInvestment Bank

KUALA LUMPUR (July 20): AmInvestment Bank Bhd (Ambank) maintained its “neutral” view on the property sector as its outlook for the next 12 months remains challenging due to the onset of the Covid-19 pandemic and the resulting Movement Control Order (MCO) to control its spread that has halted economic activities for almost two months.

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How not to destroy the value of a property

The Covid-19 pandemic has caught everyone off guard and while we lament the changes that it has brought to our lives, it has also on the other hand, given us new options in the way we choose to work and live.

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Ex-1MDB CEO admits no written approval by Najib for call option deal with Aabar BVI

KUALA LUMPUR (July 16): Former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi (pictured) admitted today that there was no written approval by former prime minister and 1MDB advisory board chairman Datuk Seri Najib Razak for the state fund to offer Aabar Investment PJS Ltd (Aabar BVI) a call option to hold a 49% stake in its power assets.

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