News about ar

PETALING JAYA (Oct 15): Paramount Property Development Sdn Bhd lauded the government’s move to lower the property price threshold for foreign ownership as this is a good way of managing market inventories while welcoming global citizens to Malaysia, thus creating vibrancy to the market.

KUALA LUMPUR (Oct 15): Auditor-General (AG) Datuk Nik Azman Nik Abdul Majid has urged Putrajaya to impose a ceiling on guarantees the government is allowed to provide.

PETALING JAYA (Ocy 15): Agile Property Development Sdn Bhd will be unveiling its third project in Malaysia, Agile Embassy Garden in Jalan Ampang, Kuala Lumpur soon.

KUALA LUMPUR (Oct 14): G3 Global Bhd said it has submitted a tender offer to Technology Park Malaysia for the development of a piece of land there, but has yet to receive any official decision on the matter.

KUALA LUMPUR (Oct 14): The government will be opening up RM925 million worth of packages for the Sabah portion of Pan Borneo Highway in the first quarter of next year (1Q20).

GEORGE TOWN (Oct 14): The Penang Development Corp (PDC) will “step up” its monitoring of the state’s affordable housing projects “to ensure they are in tip-top condition”, said state local government committee chairman Jagdeep Singh Deo.

KUALA LUMPUR (Oct 14): Mammoth Empire Holding Sdn Bhd (MEH) has sold a 61-acre tract in Damansara Perdana, Selangor, to Exsim Development Sdn Bhd for RM760 million, reported The Edge Malaysia based on government documents.

KUALA LUMPUR (Oct 14): AmInvestment Bank Bhd has maintained its "underweight" call on Gamuda Bhd at RM3.

KUALA LUMPUR (Oct 14): Former Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor has today been ordered by the High Court here to enter his defence for his graft trial.

KUALA LUMPUR (Oct 13): The government says its move to lower the foreign ownership threshold for condominiums and apartments in the city area to RM600,000 from RM1 million is aimed at reducing the oversupply of such units, which stood at RM8.