Axis REIT placement shares fixed at RM1.72
KUALA LUMPUR (Nov 1): Axis Real Estate Investment Trust has fixed the issue price for the placement of 160.
Cut toll rates if no mood to sell PLUS, Kadir fires at Khazanah
PETALING JAYA: Veteran newsman Datuk A.
PLUS MD retort after Renong's former executive chairman statement on PLUS' debts
KUALA LUMPUR (Oct 31): PLUS Malaysia Bhd said today the highway operator was already a debt-ridden company when Syarikat Danasaham Sdn Bhd took over UEM Group Bhd (UEMG) from Renong Bhd and subsequently privatised UEMG in 2001.
Jho Low confirms asset settlement with US, maintains innocence
KUALA LUMPUR (Oct 31): Fugitive businessman Low Taek Jho confirmed today he has reached a landmark comprehensive, global settlement with the US government to resolve the US' civil and criminal actions relating to his assets.
US reaches settlement to recover more than US$700m in assets allegedly traceable to corruption involving 1MDB
PETALING JAYA (Oct 31): The Department of Justice has reached a settlement of its civil forfeiture cases against assets acquired by Low Taek Jho, aka Jho Low, and his family using funds allegedly misappropriated from 1Malaysia Development Berhad (1MDB), Malaysia’s investment development fund, and laundered through financial institutions in several jurisdictions, including the United States, Switzerland, Singapore and Luxembourg.
Halim wants Gamuda’s toll concessions, on top of PLUS
KUALA LUMPUR (Oct 31): The competition for toll roads is heating up.
Rehda Selangor in favour of lower foreign buyer threshold
PETALING JAYA (Oct 30): The Selangor branch of Real Estate and Housing Developers’ Association (Rehda) is in favour of the state reducing the threshold price for foreigners buying high-rise properties, and is currently in discussions with the state government, according to its chairman Zulkifly Garib.
DONE DEAL: 1½-storey industrial unit, Taman Perindustrian Sungai Penaga, Subang Jaya, Selangor
Sold for: RM970,000 (average RM365.
Zuraida: HOC will not integrate with MM2H
PETALING JAYA (Oct 30): The government has no plans to integrate the Malaysia My Second Home (MM2H) programme with the Home Ownership Campaign (HOC) as the two schemes have different objectives, said the Housing and Local Government (KPKT) Minister Zuraida Kamaruddin.
Developer calls for different approach to affordable housing
PETALING JAYA: A property developer said the government should address the issue of affordable housing by driving the construction of housing and renting out of units, Free Malaysia Today (FMT) reported today.
