Pavilion REIT 3Q NPI slips on higher expenses, pays 2.04 sen
KUALA LUMPUR (Oct 25): Pavilion Real Estate Investment Trust’s (REIT) net property income fell 3.
1MDB-Tanore trial: Defence seeks MACC documents from whistle-blower Justo
KUALA LUMPUR (Oct 24): Datuk Seri Najib Abdul Razak has filed a motion to compel the prosecution in the 1MDB-Tanore trial to hand over documents it obtained from the Malaysian Anti-Corruption Commission (MACC) vide a pendrive from former PetroSaudi International Ltd (PSI) employee Xavier Andre Justo.
Let the property market adjust itself, economist says on price threshold
KUALA LUMPUR (Oct 24): Economist Muhammed Abdul Khalid said the government should not adjust the price threshold for foreigners to buy houses and let the property market adjust itself, according to a report today in Free Malaysia Today.
IGB REIT distributable income up 1.3%, declares 2.31 sen distribution
KUALA LUMPUR (Oct 24): IGB Real Estate Investment Trust (REIT)’s distributable income for the third quarter ended Sept 30, 2019 (3QFY19) rose 1.
Human resources ministry tells Utusan to pay outstanding wages, VSS compensation
KUALA LUMPUR (Oct 23): The Ministry of Human Resources has told newspaper publisher Utusan Melayu (M) Bhd — which ceased operations on Oct 9 — and its interim liquidator UHY Advisory (KL) Sdn Bhd, to pay its employees their outstanding wages, as well as compensation for a voluntary separation scheme (VSS) that took place last year.
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).
Private sector's offer for PLUS still not attractive, Dr M says
KUALA LUMPUR (Oct 22): Although the government prefers to stay out of business and is willing to divest its stake in PLUS Highway, Prime Minister Tun Dr Mahathir Mohamad said the offers by the private sector so far are not attractive enough.
MGB delivers IBS-built homes half a year earlier
PETALING JAYA (Oct 22): Industrialised Building System (IBS) precast manufacturer MGB Bhd has successfully delivered IBS-built homes in LBS Alam Perdana, a township development in Puncak Alam, Selangor by LBS Bina Group Bhd, half a year earlier than scheduled.
Lynas rules out compensation battle with Malaysian govt
KUALA LUMPUR (Oct 21): Australia's Lynas Corp is reportedly resisting making a compensation claim against Malaysian authorities over the matter of costly operating restrictions.
