Get ready for the largest Taobao Store in Malaysia
KUALA LUMPUR (Nov 8): MyTOWN Shopping Centre in Cheras will see the opening of the largest Taobao Store in the country on Nov 29, reported the Malay Mail today.
Rehda: Have a more equitable formula to calculate share units in mixed developments
PETALING JAYA (Nov 8): The Real Estate & Housing Developers’ Association Malaysia (Rehda) has urged the government to amend the relevant Acts and Regulations to provide the Land and Mines Office (PTG) with the power to approve a comprehensive and more “equitable” formula and weightage factors to calculate share units for the different components of a mixed development.
External auditors confirm existence of doubt on Seacera’s ability to continue as a going concern
KUALA LUMPUR (Nov 8): Seacera Group Bhd’s external auditors said Seacera’s accompanying financial statements give a true and fair view of the financial position of the Company as at June 30, 2019, and of its financial performance and its cash flows for the period then ended in accordance with Malaysian Financial Reporting Standards.
Chin Hin sells properties to major shareholders
KUALA LUMPUR (Nov 8): Chin Hin Group Bhd's subsidiaries are selling RM76.
26 Singaporeans injured in Batam bridge collapse
SINGAPORE (Nov 7): At least 26 Singaporeans were injured after a wooden bridge collapsed at a hotel in Batam, Indonesia on yesterday afternoon, according to various media.
Five ex-FGV directors have counterclaim dismissed, ordered to file defence
KUALA LUMPUR (Nov 8): Five former FGV Holdings Bhd (FGV) directors today failed in their counter-claim against the company over a suit that was filed against them and nine others, over the questionable acquisition of Asian Plantation Limited (APL).
Sime Darby Property, S P Setia, Alliance Bank to be dropped from MSCI Global Standard's Malaysia index
KUALA LUMPUR (Nov 8): Sime Darby Property Bhd, S P Setia Bhd and Alliance Bank Malaysia Bhd will be deleted from the MSCI Global Standard Indexes' MSCI Malaysia Index, following MSCI Inc's November 2019 semi-annual index review.
House buyers group says PH continuing BN practice of allowing extensions for developers
PETALING JAYA (Nov 8): The National House Buyers Association (HBA) criticised the government after the Housing and Local Government Ministry revealed the high number of extensions of time (EOT) approvals given to property developers since 2018, Free Malaysia Today reported today.
Shahrol: KPMG and Deloitte did not raise any issues on PSI's credibility
KUALA LUMPUR (Nov 8): The auditors of 1Malaysia Development Bhd (1MDB) namely KPMG and Deloitte did not raise any substantial issues on the credibility of PetroSaudi International Ltd (PSI) to the board of directors, said former 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi.
Sentoria plans RM49.5m land sale in Langkawi resort project to rope in strategic investor
KUALA LUMPUR (Nov 8): Property developer and resort operator Sentoria Group Bhd plans to give up ownership of part of a plot of land for its Langkawi Geopark Resort City project to bring in a strategic investor for the resort development.
