TNB commences legal proceedings against IRB for RM1.81b tax assessment
KUALA LUMPUR (July 22): Tenaga Nasional Bhd (TNB) says yesterday it has commenced legal proceedings against the Inland Revenue Board (IRB) over a RM1.
Phase 1 of Sime Darby Property’s Elmina Green Three fully booked
PETALING JAYA (July 21): Sime Darby Property Bhd’s Elmina Green Three homes have seen a total of 283 units worth RM250 million snapped up by interested buyers since the project previewed in early June.
Covid-19: Active cases stay above 100-mark for third consecutive day
KUALA LUMPUR (July 21): Malaysia recorded 15 new cases of Covid-19 as of noon today, pushing the number of active cases to 130.
90s teen icon Britney Spears' former mansion home up for sale at US$6.8m
KUALA LUMPUR (July 21): A grand mansion that 1990s pop star Britney Spears used as a home is up for sale at a “discounted price” of US$6.
Air fares expected to return to normal by November — transport minister
KUALA LUMPUR (July 21): The Malaysian Aviation Commission (Mavcom) expects airfares on domestic routes to return to 2019 levels by November this year as available seating capacity is projected to return to normal, subject to the development of the Covid-19 pandemic, said Transport Minister Datuk Seri Dr Wee Ka Siong (pictured).
Yi-Lai denies RM100m property purchase
KUALA LUMPUR (July 21): Yi-Lai Bhd has denied that it entered into any written or oral agreement to acquire three properties for RM100 million, and this morning trading of its shares was suspended for one hour from 9am to 10am.
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Zecon gets shareholder nod for rights issue
KUALA LUMPUR (July 21): Zecon Bhd has received approval from its shareholders for its proposed rights issue to address its current funding requirements to meet its short-term obligations and liabilities, as well as strengthen its financial position.
Discussions ongoing for targeted assistance post moratorium — finance minister
KUALA LUMPUR (July 21): Discussions are currently ongoing for banks to provide targeted assistance to those in need, after the moratorium period ends on Sept 30, 2020, according to Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz (pictured).
TA Enterprise: Group's properties have to be revalued due to delay in implementing takeover offer
KUALA LUMPUR (July 21): TA Enterprise Bhd (TAE) said due to a delay in implementing its takeover offer for an additional stake in its 60.
IGB REIT's 2Q net property income tumbles 62%, to distribute 0.62 sen per unit
KUALA LUMPUR (July 21): IGB Real Estate Investment Trust (REIT), the owner of the Mid Valley Megamall and The Gardens Mall, has posted a steep decline in revenue and earnings for the second quarter ended June 30, 2020 (2QFY20).
