Unprecedented property glut? Whose fault is it?
KUALA LUMPUR (Jan 30): The glut in homes priced below RM300,000 is due to their “wrong” locations, reiterates the National House Buyers’ Association (HBA).
HBA: Rent out the affordably priced unsold properties if they can’t sell
PETALING JAYA (Jan 30): The National House Buyers’ Association (HBA) has come up with a suggestion to fix the overhang problem of residential properties in the affordable pricing range: rent them out.
MoF vehicle used to invest in troubled assets, including 1MDB properties – report
PETALING JAYA (Jan 13): Aset Tanah Nasional Bhd (ATN), a company owned by the Ministry of Finance (MoF), was used to invest in a number troubled assets – including those owned by scandal-ridden fund 1Malaysia Development Bhd (1MDB), reported The Edge Malaysia.
Goldman Sachs could be liable for US$5b in 1MDB scandal — report
KUALA LUMPUR (Jan 11): Goldman Sachs may be on the hook for as much as US$5 billion (about RM20.
WCT and Chinese partner to jointly develop first residential project in TRX worth RM1.1b
KUALA LUMPUR (Jan 10): WCT Holdings Bhd, which is substantially owned by Tan Sri Desmond Lim of the Pavilion group with a 19.
Fighting for the rights of homebuyers
Arriving at the National House Buyers’ Association office at Kuala Lumpur’s Jalan Imbi, its honorary-secretary general Datuk Chang Kim Loong greets us with a smile and leads us to HBA’s small but cosy office where the organisation has for the past 18 years, attended to thousands of homebuyers’ grievances.
Parkson Retail Asia CEO Michael Remsen resigns
KUALA LUMPUR (Dec 22): Larry Michael Remsen has resigned as the chief executive officer (CEO) of Parkson Holdings Bhd’s 67.
Tabung Haji set to sell TRX land bought from 1MDB
KUALA LUMPUR (Dec 12): A controversial piece of land in Tun Razak Exchange (TRX) here that Lembaga Tabung Haji (pictured) purchased from 1Malaysia Development Bhd (1MDB) three years ago is likely to be one of the underperforming assets that will be transferred to a special purpose vehicle (SPV) under the ministry of finance.
MoT slams Singapore's 'selective' release of documents over Seletar flight path dispute, calls for full disclosure
KUALA LUMPUR (Dec 11): The Malaysian Ministry of Transport (MoT) (pictured), in a statement yesterday, accused Singapore of wanting to influence public opinion with its "partial and selective" public release of documents last week over the disputed Instrument Landing System (ILS) procedures for the city-state's Seletar Airport.
Malaysia has 51 polluted rivers
KUALA LUMPUR (Dec 10): Energy, Science, Technology, Environment and Climate Change Deputy Minister, Isnaraissah Munirah Majilis, told Parliament today that the country has 51 ailing rivers, reported Bernama today.
