UEM Sunrise names Datuk Noorazman Abd Aziz as new chairman
PETALING JAYA (Aug 13): UEM Sunrise Bhd appointed Datuk Noorazman Abd Aziz (pictured) as its new chairman of the board of directors, effective today.
Creditors raise jurisdictional issue in Jepak’s judicial management case
KUALA LUMPUR (Aug 13): Some creditors of Jepak Holdings Sdn Bhd have raised the issue of whether the High Court of Malaya has the jurisdiction to hear the company's application to be placed under judicial management.
Good response for Sime Darby Property's Lumira 2 linked homes
PETALING JAYA (Aug 13): Sime Darby Property’s latest project, Lumira 2, in Bandar Bukit Raja, Klang, has received good response from buyers, with 70% of the units being taken up.
Ambrin: Instructions to amend 1MDB audit report came from Ali Hamsa
KUALA LUMPUR (Aug 13): Former auditor-general Tan Sri Ambrin Buang (pictured) testified today that the directives to amend parts of the National Audit Department (NAD) audit report of 1Malaysia Development Bhd (1MDB) for the year 2014, came from then chief secretary of the government Tan Sri Ali Hamsa.
S P Setia records RM875m in sales for 1H2020
KUALA LUMPUR (Aug 13): S P Setia Bhd has achieved RM875 million in sales for the first half-year ended 30 June 2020, with local projects contributing RM702 million, the company announced.
Analysts stay neutral on M-REITs after gearing limit temporarily raised to 60%
KUALA LUMPUR (Aug 13): Analysts have maintained their "neutral" rating of Malaysian real estate investment trusts (M-REITs) following news that the Securities Commission Malaysia (SC) will temporarily increase the gearing limit for M-REITs from 50% to 60%.
Witness: Zahid gave 92 cheques worth over RM76m to Yayasan Al-Falah despite not being a trustee
KUALA LUMPUR (Aug 12): Former deputy prime minister Datuk Seri Dr Ahmad Zahid Hamidi handed over 92 cheques totalling more than RM76 million to Yayasan Al-Falah from 2016 to 2018 via law firm Lewis & Co, despite not being a trustee to the foundation, a partner with the law firm confirmed in court today.
Covid-19: One in four respondents looking to relocate, says report
PETALING JAYA (Aug 12): One in four people surveyed, said they are more likely to move house in the next 12 months due to the Covid-19 pandemic, Knight Frank research showed.
Boustead confirms £6.4m suit against former board members, but writ not yet served
KUALA LUMPUR (Aug 11): Boustead Holdings Bhd confirmed that it has filed a suit at the High Court against its former managing director Tan Sri Che Lodin Wok Kamaruddin and five former directors, seeking £6.
Bill seeking RM11.97b supplementary budget passes second reading in Dewan Rakyat
KUALA LUMPUR (Aug 11): The Supplementary Supply (2019) Bill 2020 has passed its second reading in the Dewan Rakyat today, amid a seemingly unanimous agreement for the bill to be brought to the committee stage tomorrow.
