Pro Tem Strata Owners Association Malaysia: Flat rate for maintenance is fair
PETALING JAYA (Oct 26): The Pro Tem Strata Owners Association Malaysia today said a flat rate for maintenance fees in mixed developments is a better way to protect residential property owners’ interests.
High Court defers hearing on Najib, Shafee's challenge against Sri Ram
KUALA LUMPUR (Oct 25): Attorney General Tan Sri Tommy Thomas and former federal court judge Datuk Seri Gopal Sri Ram (pictured) will file further affidavits in ex-prime minister Datuk Seri Najib Razak and his lawyer Tan Sri Muhammad Shafee Abdullah's civil challenge against Sri Ram's appointment as senior deputy public prosecutor in 1Malaysia Development Bhd (1MDB)-linked cases.
RAM Ratings revises outlook for Widad's RM110m sukuk to 'positive'
KUALA LUMPUR (Oct 25): Widad Group Bhd said RAM Ratings has revised its outlook for Widad Capital Sdn Bhd’s sukuk murabahah programme of up to RM110 million in nominal value, to positive, from stable.
Money laundering charges must fall as CBT charges has not been proven, says defence
KUALA LUMPUR (Oct 23): The defence team in Datuk Seri Najib Razak's SRC International Sdn Bhd graft trial involving RM42 million of the company's funds has argued that the prosecution must first prove that the former prime minister indeed committed the predicate offences — criminal breach of trust (CBT) — in order for the money laundering charges to stand, as the two offences are related.
Syed Mokhtar’s firm allowed to proceed with suit over SFI takeover
KUALA LUMPUR (Oct 23): Tycoon Tan Sri Syed Mokhtar Albukhary-linked company Pelangi Prestasi Sdn Bhd has been allowed by the High Court to proceed with its suit against two parties in relation to its proposed takeover of Sabah Forest Industries Sdn Bhd (SFI).
Rehda's Soam: A property market crash will lead to wealth destruction
KUALA LUMPUR (Oct 19): The property sector has “multiplier effects” on more than 140 industries in the country, and any property market crash will lead to wealth destruction for the people, Real Estate and Housing Developers’ Association Malaysia (Rehda) president Datuk Soam Heng Choon said in a report by The Edge Malaysia this week.
MMAG buys Penang land from Dynaciate for RM41m to expand logistics business
KUALA LUMPUR (Oct 19): MMAG Holdings Bhd is buying a piece of land together with buildings in Penang from Dynaciate Group Bhd, formerly known as Tatt Giap Group Bhd, for RM41 million to expand its logistics business.
MARC downgrades MEX II Sdn Bhd's RM1.3b sukuk
KUALA LUMPUR (Oct 18): Malaysian Rating Corp Bhd (MARC) has downgraded MEX II Sdn Bhd’s RM1.
Selangor Dredging’s RM71m land disposal in Damansara Heights falls through
KUALA LUMPUR (Oct 18): Selangor Dredging Bhd’s proposed disposal of 16 pieces of freehold land in Damansara Heights for RM71 million has fallen through.
