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  KUALA LUMPUR (June 19): Datuk Seri Najib Razak put forth a memorandum during a cabinet meeting in November 2015 to ask for a RM100 million loan from the federal government to SRC International Sdn Bhd, formerly a subsidiary of 1Malaysia Development Bhd (1MDB), to cover the interest and late payment penalty for the RM4 billion loans from Kumpulan Wang Persaraan (Diperbadankan) (KWAP), also called Retirement Fund Inc.

  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): The board members of SRC International Sdn Bhd would not have been able to remain in their positions if they had refused to follow the instructions of Datuk Seri Najib Razak, said its former chairman Tan Sri Ismee Ismail.

SHAH ALAM (June 18): Government intervention is needed to ensure housing affordability in light of the cement price hike, said LBS Bina Group Bhd managing director and MGB Bhd group managing director Tan Sri Lim Hock San.

  PENANG (June 18): The Domestic Trade and Consumer Affairs Ministry (KPDNHEP) should put an immediate freeze on the price of cement as it is a scheduled controlled item, says the Consumers’ Association of Penang (CAP).

KUALA LUMPUR (June 18): The construction sector will likely have to brace for more downside moving forward apart from the rising building material costs, according to TA Securities.

  KUALA LUMPUR (June 18): Many Hong Kong people are looking to Malaysia as a venue to invest in properties for their second home or retirement, the South China Morning Post (SCMP) reported today.

  Eco World Development Group Bhd (June 17, 87.

KUALA LUMPUR (June 18): SRC International Sdn Bhd’s ex-chairman Tan Sri Ismee Ismail maintained his view that directives from the government to the former 1Malaysia Development Bhd (1MDB) unit through its previous chief executive officer (CEO) and managing director Nik Faisal Ariff Kamil amounted to a directive from Datuk Seri Najib Razak.

KUALA LUMPUR (June 17): Damansara Realty Bhd is partnering the state investment arm of Negeri Sembilan — the Menteri Besar Negeri Sembilan (Inc) or MBNSI — to jointly develop a RM771 million mixed development in Bandar Sri Sendayan, Negeri Sembilan.