Penang: Local councils to reduce proposed assessment rates hike
PENANG (May 7): The state authorities here have decided to reduce the increase in the proposed assessment rates, Malaysiakini reported today.
US reaches settlement to recover over US$49m involving 1MDB: DoJ
KUALA LUMPUR (May 7): The US has reached a settlement to recover more than US$49 million involving Malaysian sovereign wealth fund 1Malaysia Development Bhd (1MDB), the US Department of Justice (DoJ) said in a Reuters report today.
Prinsiptek founder Foo Chu Jong disposes entire stake in the group which has been renamed Ageson
KUALA LUMPUR (May 7): Ageson Bhd said yesterday that its non-executive director Datuk Foo Chu Jong has ceased to be a substantial shareholder in the construction group.
Report: Ipoh's famous Restoran Kok Thai closes permanently, another victim of Covid-19
IPOH (May 7): Restoran Kok Thai (pictured) has been the venue for many wedding dinners over the years in this city.
London Biscuits sells industrial land for RM70m to pay off creditors
KUALA LUMPUR (May 7): London Biscuits Bhd, which is currently under liquidation, is selling seven parcels of freehold industrial land in Johor Bahru for RM70 million.
Amanah Harta PNB 1Q net income slips 1.7% on higher property expense, lower rental income
KUALA LUMPUR (May 6): Amanah Harta PNB (AHP) saw a 1.
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Rehda, MBAM want government to bear construction workers' testing costs
PETALING JAYA (May 6): The Real Estate and Housing Developers’ Association (Rehda) Malaysia and Master Builders Association Malaysia (MBAM) are appealing to the government to bear the cost for Covid-19 tests for construction workers.
MoF: Banks to waive interest/profit charge for HP loans, fixed rate financing during moratorium period
KUALA LUMPUR (May 6): The Ministry of Finance (MoF) has reached an agreement with the banking industry to waive additional interest or profit charges for hire purchase (HP) loans and Islamic fixed-rate financing for the six-month moratorium period in conjunction with the Covid-19 pandemic.
Most Malaysians received three types of stimulus funding: DOSM
KUALA LUMPUR (May 6): About 40,000 individuals surveyed by the Department of Statistics Malaysia (DOSM) said they had benefitted from the government’s economic stimulus package.
