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KUALA LUMPUR (June 21): The Malaysian Anti-Corruption Commission (MACC) has filed a civil forfeiture suit against 41 entities and individuals in a bid to recover RM270 million of funds which were allegedly misappropriated from 1Malaysia Development Bhd (1MDB).

  KUALA LUMPUR (June 21): Malaysian Resources Corp Bhd (MRCB) took home the Gold Award at the 2019 Australasian Reporting Awards (ARA) ceremony held in Melbourne, Australia on Wednesday.

KUALA LUMPUIR (June 20): The former caretakers of the Kuala Lumpur City Hall (DBKL)’s community and multipurpose halls have been found to be takers rather than carers.

KUALA LUMPUR (June 20): Genting Malaysia Bhd chairman and chief executive Tan Sri Lim Kok Thay (pictured) has reportedly announced he would take a 20% pay cut to offset the effect of heavy gaming taxes which have weighed on the group’s financial performance.

KUALA LUMPUR (June 19): A witness from the Ministry of Finance (MoF) told the High Court here today that for the first time ever, the ministry had to prepare materials on a company to be included in a Cabinet memorandum concerning its application for a government guarantee.

KUALA LUMPUR (June 19): Kuala Lumpur City Hall (DBKL) officers have revealed that some caretakers of community halls are taking legal action against DBKL for being forced to return the premises to the council.

PETALING JAYA (June 19): Malaysia’s Finance Minister Lim Guan Eng wants banks to provide greater access to financing to first-time homebuyers, as well as to small and medium enterprises (SMEs) considering the fact that the country’s household debt as a ratio to gross domestic product (GDP) has fallen to 83% in 2018 from 83.

  KUALA LUMPUR (June 19): Some Brickfields residents are miffed by the way a private company is now running the multi-storey carpark Kompleks Tempat Letak Kereta (TLK) Brickfields.

  PETALING JAYA (June 19): Construction Industry Development Board (CIDB) chief executive officer (CEO) Datuk Ahmad 'Asri Abdul Hamid (pictured) said the proposed 40% hike in cement prices may raise building costs by 7% to 8%, based on simulations run by the board.

KUALA LUMPUR (June 18): I-Bhd, which is likely to see contribution from its property development segment impacted this year as the property developer did not have any launches in 2018, has lined up property launches worth RM800 million in gross development value (GDV) over the next six months.