Berjaya Land seeks entry into Iceland's hotel market via acquisition
KUALA LUMPUR (July 15): Berjaya Land Bhd (BLand), which is controlled by tycoon Tan Sri Vincent Tan, is buying a 75% stake in Icelandair Hotels ehf in a US$53.
GST refunds kept in consolidated revenue account violated fundamental trust laws, accounting rules
KUALA LUMPUR (July 15): To keep the RM19.
PAC report: Only RM1.5b GST refunds overdue, not RM19.4b claimed by Finance Minister
KUALA LUMPUR (July 15): Only RM1.
Chinese investments bring huge economic potential
KUALA LUMPUR: Rising investments from China can bring immense economic potential to Malaysia, but there needs to be a higher level of transparency and accountability in such state-business relations to prevent power abuse, according to economists.
Founders of KSL Holdings acquiring more shares in property developer
KUALA LUMPUR (July 13): According to a recent report by The Edge Malaysia, the “low-profile Ku brothers” via Gorgeous Horizon Sdn Bhd have been buying more KSL shares on the open market, “bringing the company’s shareholding to 8.
EcoWorld begins handover of wellness-themed Eco Terraces
PETALING JAYA: Eco World Development Group Bhd (EcoWorld) has started to hand over the com-pleted units at its Eco Terraces condominium project on Penang Island.
Tourism tax unfair because short stay platforms exempted, says hoteliers
PETALING JAYA (July 12): The tourism tax is deemed a lopsided system because it is borne only by established hotels but not short stay platforms like Airbnb, said the Malaysian Association of Hotel Owners (MAHO) president Tan Sri Teo Chiang Hong.
Boustead Holdings appoints four independent non-executive directors
KUALA LUMPUR (July 12): Boustead Holdings Bhd announced today Datuk Nonee Ashirin Mohd Radzi, Loong Caesar, Lt Gen (R) Datuk Fadzil Mokhtar and Abraham Verghese TV Abraham's appointments as independent non-executive directors.
Pinewood Group pulls out of Iskandar Malaysia Studios, says report
KUALA LUMPUR (July 12): The Pinewood Group has “pulled out of Iskandar Malaysia Studios”, reported the news portal Variety yesterday.
Selangor: Sterner action against those found breeding Aedes mosquitos
PETALING JAYA (July 12): It looks like Selangor authorities are going to crack the whip on those found with Aedes mosquito breeding grounds in their premises.
