KUALA LUMPUR (Nov 11): Former prime minister Datuk Seri Najib Razak (pictured) wielded "ultimate power" when it came to decision-making in 1Malaysia Development Bhd (1MDB), its former chief financial officer (CFO) Azmi Tahir told the High Court here on Thursday.
KUALA LUMPUR (Nov 10): The recently announced one-off Cukai Makmur (Prosperity Tax) should be imposed not according to the size of organisations but based on the incremental profits over the last two years, said Deloitte Asia Pacific Tax Partner, Mark Chan.
According to earlier news reports, the Housing and Local Government Minister Datuk Seri Reezal Merican Naina Merican said there are only four developers in Malaysia capable of carrying out the build-then-sell (BTS) concept.
PETALING JAYA (Oct 29): Real Estate and Housing Developers’ Association Malaysia (REHDA) lauded the government’s proposal to waive real property gains tax (RPGT) for properties sold on the sixth year onwards in the Budget 2022 announcement today.
KUALA LUMPUR (Oct 29): The government has mandated Khazanah Nasional Bhd to provide the infrastructure to manage at least RM3 billion to be injected into Bursa Malaysia-listed companies hit by the Covid-19 pandemic.
PETALING JAYA (Oct 29): The Budget 2022 announcement made by Finance Minister Datuk Seri Tengku Zafrul Aziz fell below expectations for the property sector, as more incentive and help were expected to be announced, said RHB Research Institute senior analyst Loong Kok Wen (pictured).
PETALING JAYA (Oct 28): Some of the early buyers of the One Jesselton Condominium in Kota Kinabalu, Sabah have found themselves in limbo after years of waiting as their units, which were supposed to have been handed over to them in 2018, are now still under construction.
KUALA LUMPUR (Oct 25): The five-year strategic plan of the National Trade Blueprint launched on Monday (Oct 25) will elevate Malaysia’s trade competitiveness and strengthen its position in the international arena, Prime Minister Datuk Seri Ismail Sabri Yaakob said.
KUALA LUMPUR (Oct 22): The hearing of the government’s forfeiture of US$340 million which allegedly belongs to 1Malaysia Development Bhd (1MDB) from Saudi national Tarek Obaid and others is set to continue in December after UK law firm Clyde & Co LLP, which is named in the suit, declined to respond to and file affidavits on documents it was served.
PETALING JAYA (Oct 21): Getting the government to buy over and convert unsold units into affordable housing is a good idea but such an exercise has to be properly implemented.
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