British tycoon James Dyson buys Singapore's most expensive penthouse
KUALA LUMPUR (July 10): British billionaire/inventor James Dyson is reported to have forked out S$73.
‘Ku Nan sometimes loaned over RM300,000 a month to Umno’
KUALA LUMPUR (July 10): Former federal territories minister Datuk Seri Tengku Adnan Tengku Mansor would advance anywhere from RM100,000 to RM300,000 monthly to Umno, his former senior private secretary told the High Court yesterday.
Dhaya Maju LTAT wins back KVDT2 job, but contract value cut by 15%
KUALA LUMPUR (July 9): Syarikat Dhaya Maju LTAT Sdn Bhd — a 80:20 joint venture between privately-held construction company Dhaya Maju Infrastructure (Asia) Sdn Bhd (DMIA) and Lembaga Tabung Angkatan Tentera (LTAT) — has won back the second phase of the Klang Valley Double Track (KVDT2) rehabilitation contract, 10 months after it was terminated.
Land ownership remains with Felda settlers in amalgamation scheme: Azmin
KUALA LUMPUR (July 9): Economic Affairs Minister Datuk Seri Mohamed Azmin Ali gave an assurance the government’s plan to merge Felda settlers’ land will not affect their ownership.
Eco Grandeur to welcome its first residents in October
PUNCAK ALAM (July 9): The Bridge of Dreams at Eco World Development Group Bhd’s (EcoWorld) township Eco Grandeur in Puncak Alam, Selangor is now ready to welcome the township’s first residents.
Loan given out before govt guarantee issued as SRC needed second RM2b loan ‘urgently’
KUALA LUMPUR (July 9): A witness from the Ministry of Finance testified that he was asked to sign a letter on behalf of the ministry, ordering the Retirement Fund (Incorporated) (KWAP) to release a RM2 billion loan to SRC International Sdn Bhd months before a government guarantee was issued, as the company needed the funds urgently.
OBYU to let court know if it objects to forfeiture notice on July 31
KUALA LUMPUR (July 8): The High Court has fixed July 31 for case mention of the government's civil forfeiture suit against OBYU Holdings Sdn Bhd to recover RM680 million worth of goods and property, during which the company would inform the court on its decision to challenge the gazette of the forfeiture notice.
MoF: IRB's voluntary disclosure scheme induces 486,360 taxpayers to reveal undeclared income
KUALA LUMPUR (July 8): The Inland Revenue Board of Malaysia (IRB)'s special voluntary disclosure programme (SVDP) has as at June 23 this year induced 486,360 taxpayers to reveal their undeclared income to the government, according to the Ministry of Finance (MoF).
None of SRC's money went to Nik Faisal's account, argues prosecution
KUALA LUMPUR (July 8): The prosecution has argued that none of the money that were transferred from SRC International Sdn Bhd's bank account went into former managing director Nik Faisal Nik Ariff Kamil's bank account, despite the defence's assertions that witness Datuk Suboh Md Yassin's signatures on the bank transfer documents were forged by Nik Faisal.
MoF: May 2019 bank loan approvals jump 13% after BNM OPR cut
KUALA LUMPUR (July 8): Malaysian banks' loan approval rate increased 13% in May this year from a month earlier after Bank Negara Malaysia (BNM) cut the overnight policy rate (OPR) by 25 basis points to 3% from 3.
