UEM Sunrise disposes of Melbourne property for RM355m
KUALA LUMPUR (Nov 23): UEM Sunrise Bhd is disposing of one of its properties in Melbourne for A$125 million (RM354.
Jho Low's Acme obtained US$126m in IMTN bond flip, says auditor
KUALA LUMPUR (Nov 21): Acme Time Ltd, a firm wholly-owned by fugitive financier Low Taek Jho (Jho Low), obtained close to US$126 million in the Islamic Medium Term Note (IMTN) bond flip for the Terengganu Investment Authority (TIA) in 2009, the High Court was told today.
Calls to destroy final audit report shocked NAD director
KUALA LUMPUR (Nov 21): National Audit Department (NAD) director Nor Salwani Muhammad (pictured) was the one who recorded the Feb 24, 2016 meeting where top government officials agreed to amend and destroy the original 1Malaysia Development Bhd (1MDB) audit report, the High Court heard today.
MRL and CCC-ECRL to kickoff recruitment roadshow in December to hire locals for mega project
KUALA LUMPUR (Nov 21): The 640-km East Coast Rail Link (ECRL) project will embark on a recruitment roadshow from December 2019 onwards in a bid to tap local talents in the construction and rail industry to participate in the nation’s largest infrastructure project to-date.
Ex-Auditor General agreed to remove Najib’s meeting with Agong from 1MDB audit report
KUALA LUMPUR (Nov 21): Former Auditor General Tan Sri Ambrin Buang agreed to remove a portion of the 1Malaysia Development Bhd (1MDB) audit report that mentioned a meeting between Datuk Seri Najib Razak and then-Yang di-Pertuan Agong Sultan Mizan Zainal Abidin.
Nearly 1,000 nabbed in raid on online scam syndicate in Cyberjaya
PUTRAJAYA (Nov 21): The Immigration Department said it arrested nearly 1,000 people when it busted the largest online scam syndicate believed to be run by Chinese nationals in the country.
TA Enterprise suffers loss in 3Q on lower earnings from property development, investment holdings
KUALA LUMPUR (Nov 21): TA Enterprise Bhd posted a net loss of RM14.
Paramount 3Q net profit doubles on disposal gain
KUALA LUMPUR (Nov 20): Paramount Corp Bhd’s net profit doubled to RM30.
Industrial property underrated, says expert
KUALA LUMPUR (Nov 16): The industrial sector represents a bright spot in the current Malaysian property market, according to CBRE | WTW managing director Foo Gee Jen.
Ikhmas Jaya sued for RM13.33m over alleged breach of agreement in serviced apartment project
KUALA LUMPUR (Nov 16): Ikhmas Jaya Group Bhd's wholly-owned unit Ikhmas Jaya Sdn Bhd (IJSB), which had been awarded a contract to undertake earthworks and other works for the construction of seven blocks of serviced apartments, is being sued by the project owner ASM Development (KL) Sdn Bhd, for alleged breach of contract.
