News about UK

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.

PUTRAJAYA (Oct 21): Datuk Seri Najib Tun Razak (pictured) and his son Datuk Mohd Nazifuddin were granted an interim stay of execution pending their bid for leave to appeal at the Federal Court against the summary judgment obtained by the Inland Revenue Board (IRB) against them over unpaid income tax arrears at the High Court.

KUALA LUMPUR (Oct 18): A three-member Court of Appeal (COA) bench on Monday allowed an application by former prime minister Datuk Seri Najib Razak for the temporary release of his passport to enable him to go to Singapore in order to accompany his daughter who is expecting to give birth to her second child soon.

KUALA LUMPUR (Oct 9): The International School of Kuala Lumpur (ISKL) “may have finally found a buyer for its Ukay Heights asset”, The Edge Malaysia reported this week.

KUALA LUMPUR (Oct 9): Euro Holdings Bhd has proposed to buy two properties sitting on leasehold lands in Melaka for RM117 million from companies controlled by its major shareholder and group managing director Datuk Seri Lim Teck Boon by issuing new shares.

KUALA LUMPUR (Oct 7): Crest Builder Holdings Bhd has bagged a construction job worth RM192.

KUALA LUMPUR (Oct 7): Property developer UEM Sunrise Bhd has lodged information with the Securities Commission regarding its Islamic Medium-Term Notes (IMTN) and Islamic Commercial Papers (ICP) programmes with a combined aggregate limit of up to RM4 billion in nominal value.

KUALA LUMPUR (Oct 7): The variation of price (VOP) facility allowed for projects in the wake of rising building materials cost is effective until Dec 31, said Works Minister Datuk Seri Fadillah Yusof.

KUALA LUMPUR (Oct 5): The government has relaxed its rules for existing participants of the Malaysia My Second Home (MM2H) programme after industry backlash to the revised criteria.