Property glut: Johor mulls lowering price threshold for foreigners

Sep 20

JOHOR BAHRU (Sept 20): The Johor government is considering lowering the current RM1 million price threshold for foreigners to buy properties in the state, a report in the Malay Mail said today.

Prosecution in Ku Nan's trial aims to prove former FT minister got RM1m to help firm get higher plot ratio

Sep 20

KUALA LUMPUR (Sept 20): The prosecution aims to show that former Federal Territories (FT) Minister Datuk Seri Tengku Adnan Tengku Mansor had received RM1 million as an inducement to assist a company to secure approval from Kuala Lumpur City Hall (DBKL) to increase the plot ratio for a development at Jalan Semarak here.

Unaffordable housing, population migration the main challenges for KL city planners

Sep 20

KUALA LUMPUR (Sept 20): Housing prices beyond affordability and population out-migration are two main challenges of Kuala Lumpur’s city planning, according to Executive Director of Planning Department at Kuala Lumpur City Hall (DBKL) Nurazizi Mokhtar.

UEM Group: Part of proceeds from Cipali toll sale for infrastructure, other Indonesian investments

Sep 20

KUALA LUMPUR (Sept 20): UEM Group Bhd, a wholly-owned subsidiary of Khazanah Nasional Bhd, said part of the proceeds from the disposal of its subsidiary's stake in the operator of the 117km-long Cikopo-Palimanan (Cipali) toll road will be invested into Malaysia's key national infrastructure and other opportunities in Indonesia.

SSM sues ex-SRC directors for failure to submit unit's FY17 statement

Sep 20

KUALA LUMPUR (Sept 20): The Companies Commission of Malaysia (SSM) has initiated legal proceedings against former SRC International Sdn Bhd directors Nik Faisal Ariff Kamil and Datuk Suboh Md Yasin (pictured) for failing to submit the FY17 financial statement of SRC unit Gandingan Mentari Sdn Bhd.

Bung Moktar-Zizie Izette graft case fixed for hearing before Sessions Court on Jan 2

Sep 20

KUALA LUMPUR (Sept 20): The corruption case against Kinabatangan MP Datuk Seri Bung Moktar Radin and his wife Datin Seri Zizie Izette A Samad — who are jointly charged with receiving RM2.

UEM Sunrise may buy Eco World in share swap: Report

Sep 20

KUALA LUMPUR (Sept 20): Malaysian property developer UEM Sunrise Bhd may acquire rival Eco World Development Group Bhd in a share swap deal, New Straits Times reports, citing unidentified sources.

High Court orders Ku Nan's RM1m graft trial to proceed

Sep 20

KUALA LUMPUR (Sept 20): The High Court today ordered the RM1 million graft trial against former Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor (better known as Ku Nan) to proceed as scheduled before Justice Mohd Nazlan Mohd Ghazali.