News about UN

KUALA LUMPUR (Sept 27): The findings of an investigative audit into Lembaga Tabung Angkatan Tentera (LTAT) unearthed significant financial irregularities and weaknesses that took place under the leadership of Tan Sri Lodin Wok Kamaruddin, who stepped down as its chief executive officer in September last year.

KUALA LUMPUR (Sept 26): After seven months, the development of 500 1Malaysia Civil Servant Housing Development (PPA1M) residential units, 316 public residential units and 20 commercial units in Precinct 18, Putrajaya, at a gross development cost (GDC) of RM292.

KUALA LUMPUR (Sept 26): Construction firm GDB Holdings Bhd has clinched a RM517 million contract to undertake construction works as the main contractor for the Park Regent residential development located at Desa ParkCity here.

PETALING JAYA (Sept 26): The Real Estate & Housing Developers' Association (Rehda), which represents over 1,000 members across Peninsular Malaysia, says today property developers remain neutral on market prospects for the rest of 2019 although they show more optimism for 2020 as the industry grapples with more unsold units.

KUALA LUMPUR (Sept 26): Affin Hwang Investment Bank has maintained its “Overweight” call on the construction sector and said it expects tenders for the East Coast Rail Link (ECRL) to be called starting in 4Q19 for local subcontractors to undertake 40% of the civil works (excluding tunnel works).

KUALA LUMPUR (Sept 25): Finance Minister Lim Guan Eng's concern about putting Malaysia's "national considerations at stake" is valid, but the cancellation of the East Coast Rail Link (ECRL) can still be done through proper negotiations without affecting bilateral relations with China, said prominent economist Professor Dr Jomo Kwame Sundaram.

PETALING JAYA (Sept 25): EdgeProp Sdn Bhd (EdgeProp) has been registered by the Securities Commission Malaysia (SC) as the first recognised market operator to establish and operate a property crowdfunding (PCF) platform in Malaysia, following the revision of the SC’s Guidelines on Recognised Markets in May 2019.

KUALA LUMPUR: Karambunai Corp Bhd’s largest shareholder Tan Sri Dr Chen Lip Keong, with a 73.

KUALA LUMPUR (Sept 24): UEM Sunrise Bhd has said it continuously explores strategic business opportunities that can deliver stakeholder and shareholder returns.

PETALING JAYA (Sept 23): The first phase project of Lake City, developed by Country Garden Malaysia, have seen a majority of the units sold during the launch on Sept 21 and 22, 2019.