MRCB’s unit served winding-up petition by Southern Builders
KUALA LUMPUR (March 28): Malaysian Resources Corp Bhd’s (MRCB) wholly-owned subsidiary MRCB Builders Sdn Bhd has been served with a winding-up petition by Southern Builders (J) Sdn Bhd.
SRC trial to start on April 3
KUALA LUMPUR (March 28): The High Court has today fixed next Wednesday (April 3) as the beginning of the hearing on the seven criminal breach of trust and abuse of power charges on former prime minister Datuk Seri Najib Razak (pictured) in relation to RM42 million of SRC International Sdn Bhd funds that were deposited into his accounts.
Ramsar wetlands to be protected from future development
KUALA LUMPUR (March 28): The government will no longer consider approval for Environment Impact Assessment (EIA) on all Ramsar sites to ensure the sustainability of these wetlands, the Dewan Rakyat was told today.
EcoWorld expects RM6.4b unbilled sales to support earnings
IJOK (March 28): Eco World Development Group Bhd (EcoWorld) expects its record-high unbilled sales of RM6.
Govt to dispose of Equanimity via direct sale after unsuccessful auction
KUALA LUMPUR (March 28): The Government is turning to private treaty or direct sale to dispose of the Equanimity after an auction failed to obtain an agreeable price for the mega-yacht, said Finance Minister Lim Guan Eng.
GDB’s unit wins RM135m mixed development contract from TRC Synergy
KUALA LUMPUR (March 28): GDB Holdings Bhd’s unit has bagged an RM135 million contract from TRC Synergy Bhd’s unit for a mixed development in Ara Damansara.
Estate agents up in arms against illegal brokering by proptech companies
PETALING JAYA (March 28): The Malaysian Institute of Estate Agents (MIEA) wants the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP) and the Ministry of Finance to take action against those who are circumventing the law by carrying out real estate practices illegally through property technology (proptech).
Why cost of living perception differs from actual inflation rate — BNM's take
KUALA LUMPUR (March 27): While headline inflation has remained relatively low in Malaysia, Bank Negara Malaysia said concerns about the rising cost of living have been increasing and will likely persist over the near term.
Eco World International in talks with institutional funds to further expand BtR segment in UK
IJOK (March 27): EcoWorld Development Group Bhd’s 27%-associate Eco World International (EWI) is currently in talks with various institutional funds to expand its built-to-rent (BtR) segment in the United Kingdom.
Growth in loan disbursement accelerates to five-year high of 7.3% in 2018
KUALA LUMPUR (March 27): Banks are lending.
