Umno lawyer claims trial to laundering RM15m
KUALA LUMPUR (Feb 22): Prominent Umno lawyer Datuk Hafarizam Harun has claimed trial in the Sessions Court yesterday to two counts of money laundering amounting to RM15 million.
Mindef lost RM258m in land swap deal with Syed Mokhtar — sources
KUALA LUMPUR (Feb 22): The Ministry of Defence (Mindef) allegedly lost RM258 million by selling the Royal Malaysian Air Force base in Kinrara, Puchong at a 34% discount to tycoon Tan Sri Syed Mokhtar Albukhary in a politically motivated land swap deal, said sources contacted by The Edge Financial Daily yesterday.
Stewart Labrooy: Government buildings' REIT will do very well
KUALA LUMPUR (Feb 21): Alpha REIT Managers Sdn Bhd chairman Datuk Stewart Labrooy said real estate investment trust (REIT) of government buildings would do very well, given the good location and quality of these assets.
‘Some planned PR1MA projects may be scrapped’
SEMENYIH (Feb 21): The housing and local government ministry said that the 1Malaysia People’s Housing Programme (PR1MA) is currently being reviewed and that some of its proposed projects that are deemed unviable may be scrapped.
Talks to revive ECRL advancing – report
PETALING JAYA (Feb 20): Negotiations to restore the stalled multi-billion ringgit East Coast Rail Link (ECRL) infrastructure project are likely in the “last mile”, said Foreign Minister Datuk Saifuddin Abdullah in a Bloomberg report.
Prices not going down with SST — deputy finance minister
KUALA LUMPUR (Feb 20): Deputy Finance Minister Datuk Amiruddin Hamzah has been reported as saying that implementation of the Sales and Services Tax (SST) has not reduced the prices of goods.
‘Quicker approvals for developers who use standardised IBS models’
KUALA LUMPUR (Feb 20): The housing and local government ministry and works ministry have come up with several models of industrialised building system (IBS) homes that, if used by developers in constructing affordable homes, will result in quicker project approvals.
Boustead accepts offer to sell Royale Chulan Bukit Bintang for RM197m
KUALA LUMPUR (Feb 19): Boustead Holdings Bhd announced today it is disposing of its Royale Chulan Bukit Bintang Hotel business to Singapore-based Hotel Royal Ltd for RM197 million.
Khazanah to declare over RM1b dividend payout for 2019, says MD
KUALA LUMPUR (Feb 18): Khazanah Nasional Bhd expected to declare more than RM1 billion of dividend to the government for 2019, said its managing director Datuk Shahril Ridza Ridzuan.
Carless Jalan TAR may bring about revitalisation, say real estate players
KUALA LUMPUR (Feb 15): Real estate players are of the opinion that the 1km stretch closure to vehicles along Jalan Tuanku Abdul Rahman (TAR) would raise shop tenancy rates and revitalise the historical shopping thoroughfare.
