US Department of Justice remits RM1.9b in seized 1MDB funds to Malaysian govt
KUALA LUMPUR (May 12): The US Department of Justice (DoJ) has remitted some RM1.
Careplus buys Seremban property for RM35.5m from Rapid Synergy
KUALA LUMPUR (May 11): Careplus Group Bhd said it is acquiring a piece of land in Oakland Industrial Park, Seremban for RM35.
.jpg)
Malaysia reports 3,973 new Covid-19 infections, 22 deaths
KUALA LUMPUR (May 11) : Malaysia reported 3,973 new Covid-19 cases today – slightly higher than yesterday’s 3,807 – bringing the cumulative number of confirmed infections in the country to 448,457.
EcoFirst plans 1-for-2 bonus issue of warrants
KUALA LUMPUR (May 11): EcoFirst Consolidated Bhd has proposed a bonus issue of up to 443.
Victims of runaway developers face double woes from exploitative liquidators
When a developer is wound up before completion of its duties and contractual obligations, a liquidator fills the void and takes on the duties of the former, such as completing the construction of the buildings or facilities left by the defunct developer, delivering vacant possession or applying for individual or strata titles, so as not to leave the purchasers in a lurch.
Knight Frank London sees record-breaking activities in March
KUALA LUMPUR (May 6): Knight Frank London saw record-breaking activities in March, laying the groundwork for sustained momentum going into the summer as the UK economy reopens.
DONE DEAL: Double-storey terraced house in Taman OUG, Kuala Lumpur
DONE DEAL: Three-storey bungalow at Taman Nadayu, Ampang, Kuala Lumpur DONE DEAL: Two-storey bungalow at SS17, Petaling Jaya, Selangor Located within one of the matured housing estates in Kuala Lumpur, Taman OUG comprises a broad mix of residential and commercial developments.
EPF subsidiary Kwasa Land appoints Adenan Md Yusof as MD
KUALA LUMPUR (April 30): The Employees Provident Fund's (EPF) wholly-owned subsidiary Kwasa Land Sdn Bhd has appointed Adenan Md Yusof as managing director (MD) effective Monday (May 3, 2021) to contribute towards the development of the EPF's estimated 920ha (about 2,300 acres) Kwasa Damansara township in Selangor.
Speculation rife about Boustead’s MD Shazalli Ramly heading to LTAT
KUALA LUMPUR (April 28): As Lembaga Tabung Angkatan Tentera (LTAT) chief executive Datuk Seri Amrin Awaluddin looks set to join Lembaga Tabung Haji (TH) as its new group managing director (MD) and chief executive officer (CEO) come May 6, this leaves the top seat at the armed forces pension fund vacant.
MoF: Govt has no choice but to draw RM5b from KWAN for Covid-19 fight as finances near limit after 1MDB scandal
PUTRAJAYA (April 26): The Ministry of Finance (MoF) said the government will be using RM5 billion from the National Trust Fund (KWAN) for the fight against the Covid-19 pandemic, as well as for the country's immunisation plan, as it had no choice but to do so as its finances are nearing its limit after the 1Malaysia Development Bhd (1MDB) scandal.
