MSM sells Perlis land to F&N at 18% discount as it generates negligible revenues, saps finances
KUALA LUMPUR (Oct 9): Refined sugar producer MSM Malaysia Holdings Bhd, a 51% subsidiary of FGV Holdings Bhd, is selling a 4,453.
Axis REIT acquires industrial property in Nilai for RM50m
KUALA LUMPUR (Oct 9): Axis Real Estate Investment Trust is buying a property in the industrial area of Nilai from K-Plastics Industries Sdn Bhd for RM50 million.
DONE DEAL: Serviced apartment, D'Esplanade Residence, Taman Abad, Johor Bahru
Sold for: RM570,000 (about RM599psf) Concluded by: Usha A/P R Lachumanan (REN 17124) of Gather Properties Sdn Bhd (016-720 0135) When: August 2019 Noteworthy: ● Freehold ● 2 bedrooms and 2 bathrooms ● Built-up: 952 sq ft ● Fully furnished with fridge, sofa, cabinets, TV, mattresses, air-conditioners, water heaters Read also DONE DEAL: Courtyard apartment, Adora, Desa ParkCity, KL DONE DEAL: 3-storey terraced house, Halamanda @ Gombak, Selangor Sitting on top of KSL City Mall in Johor Bahru and surrounded by ample amenities, including eateries, supermarket and bank, D’Esplanade Residence is accessible via Tebrau Highway and Jalan Tun Abdul Razak.
China's 'golden week': Property sales plunge in major cities, says report
KUALA LUMPUR (Oct 8): There has been nothing glittering in China's property market as sales in major cities of the Middle Kingdom experienced "one of their worst 'golden week' holidays in years", reported the South China Morning Post (SCMP) today.
FIC gets RM100m advance from Felda for Kuching hotel purchase
KUALA LUMPUR (Oct 8): Felda Investment Corp Sdn Bhd (FIC) sought to borrow RM100 million from parent Federal Land Development Authority (Felda) in late 2014 to finance the purchase of the Merdeka Palace Hotel and Suites in Kuching, says former Felda finance director Mohd Shahrin Mohd Ali.
Isa Samad trial: Kuching hotel later valued at half the purchase price, says FIC officer
KUALA LUMPUR (Oct 8): The Merdeka Palace Hotel and Suites in Kuching, which was bought for RM160 million by Felda Investment Corporation Sdn Bhd (FIC) between late 2014 and early 2015, was subsequently valued at only RM80 million, a witness testified today in the graft trial of former Felda chairman Tan Sri Mohd Isa Samad.
Nazir's statement on MACC recovery plan for RM420m from 80 persons, entities
KUALA LUMPUR (Oct 8): The following is a statement by Datuk Seri Nazir Razak (pictured): I refer to media reports about the MACC recovery plan for funds totalling RM420m from 80 persons and entities who received more than RM 500,000 in alleged 1MDB monies.
No lawyers on board of TIA after Christopher Lee left
KUALA LUMPUR (Oct 8): Datuk Shahrol Azral Ibrahim Halmi, former CEO of 1Malaysia Development Bhd (1MDB), told the court that there were no lawyers on the board of directors of Terengganu Investment Authority Bhd (TIA) after the resignation of lawyer Christopher Lee Sian Teik of Christopher Lee & Co.
Gerakan: Penang can build its own PPR homes
GEORGE TOWN (Oct 8): The Penang government should go ahead with building People’s Housing Project (PPR) in the state without the need for the Federal government “to initiate” it, said state Gerakan chairman Oh Tong Keong.
DPM: Govt mulling sinking fund for industries to reduce impact of disasters
PUCHONG (Oct 8): The government is considering the creation of a “sinking fund” to increase industry player's responsibility in managing and restoring disasters in the country, according to a Malay Mail article today.
