Ex Vietnam MP jailed for stealing US$16m housing deposits
HANOI, VIETNAM (Oct 18): A former Vietnamese lawmaker has been sentenced to life in prison for fraud after she pocketed US$16 million (RM67.
Felda overpaid for Grand Plaza apartments, says Rafizi
KUALA LUMPUR (Oct 17): Opposition lawmaker Rafizi Ramli has alleged that the Federal Land Development Authority (Felda) had overpaid approximately RM180 million (about £30 million) for the £95.
Malaysia’s fire safety laws up to date
KUALA LUMPUR (Oct 14): Malaysia’s fire safety laws are not outdated, as provisions under the Uniform Building By-Laws 1984 had been updated in 2012 to include new materials, construction methods and technologies to eliminate unnecessary requirements, said Fire and Rescue Department Malaysia Fire Safety Division assistant commissioner Hamdan Ali.
Sunway REIT’s acquisition of Sunway Clio for RM340m is ‘fair’, ‘reasonable’
KUALA LUMPUR (Oct 11): Sunway Real Estate Investment Trust’s (Sunway REIT) proposed acquisition of Sunway Clio Property from Sunway Bhd for RM340 million is fair and reasonable, and not detrimental to the minority shareholders, says independent adviser AmInvestment Bank Bhd.
RM2.2b LRT3 viaduct packages to keep SunCon busy
Sunway Construction Group Bhd (Oct 6, RM2.
Construction sector to gain from Chinese FDI — Eastspring
KUALA LUMPUR (Oct 6): Malaysia’s construction sector in particular is likely to benefit well from higher earnings next year following increased investments from China, said Eastspring Investments Bhd.
Property lending rule from 1997 is still relevant, says Bank Negara
KUALA LUMPUR (Oct 4): Investment banks (IB) should not take a short-term view on a property lending guideline, introduced in 1997, as it is still relevant today, said Bank Negara Malaysia.
Johan rises 4.17% on plans to develop Puchong land
KUALA LUMPUR (Oct 3): Johan Holdings Bhd rose 4.
