Widening household income disparity
KUALA LUMPUR (Oct 16): The wealth gap is widening although the income growth among the middle group (M40) and low (B40) group is faster than the rich.
Najib back at MACC HQ, again, say reports
PUTRAJAYA (Oct): Ex-PM Datuk Seri Najib Tun Razak (pictured) has been summoned to the Malaysian Anti-Corruption Commission (MACC) HQ again, say reports.
‘Any sale of government assets will not involve PNB’
KUALA LUMPUR (Oct 16): Tony Pua, the political secretary to the finance minister, said any sale of Malaysian government assets will not involve Permodalan Nasional Bhd (PNB) because funds and investments of PNB belong to the company’s unitholders and not the government.
Xian Leng inks MoU to participate in PR1MA in Kedah
KUALA LUMPUR (Oct 16): Ornamental fish breeder and trader Xian Leng Holdings Bhd will participate in constructing a 500-unit multistorey flat at Ulu Melaka in Langkawi, Kedah under the 1Malaysia People’s Housing Programme (PR1MA).
Ideal shareholders to inject assets of RM353m
KUALA LUMPUR (Oct 16): Ideal United Bintang International Bhd’s (IUBI) substantial shareholders Tan Sri Ooi Kee Liang and his spouse Puan Sri Phor Li Wei plan to inject their three private property companies into the group to bolster its current portfolio of development projects and enhance its profile as a property developer by participating in more profitable projects.
International cooperation expected in 1MDB investigation
KUALA LUMPUR (Oct 16): The nations approached by Malaysia to assist in the 1Malaysia Development Bhd (1MDB) investigation are expected to extend their cooperation as it is not a political decision, said Datuk Seri Anwar Ibrahim.
HBA tells Rehda to redefine affordable housing – report
PETALING JAYA (Oct 15): The National House Buyers Association (HBA) has called upon the Real Estate and Housing Developers Association (Rehda) to redefine its “outright unrealistic” definition of affordable housing, according to a New Straits Times report.
S P Setia confident in Melbourne property market demand
MELBOURNE (Oct 15): S P Setia Bhd is optimistic about the property demand in Melbourne, Australia, as the population of one of the world’s most liveable cities continues to rise and is expected to surpass that of New South Wales’ capital city, Sydney, in the next decade, said the company president and CEO Datuk Khor Chap Jen.
No Cabinet post discussed, says Anwar
KUALA LUMPUR (Oct 15): Datuk Seri Anwar Ibrahim, who was sworn in as member of Parliament for Port Dickson today, said there has been no talk about him being appointed to the Cabinet.
