Advance Synergy’s cash pile to rise after land sale
KUALA LUMPUR (May 13): Advance Synergy Bhd, a company controlled by businessman Datuk Ahmad Sebi Bakar, is selling a piece of land for RM124 million cash.
Hisham demands proof that he benefitted from Mindef land swap deals
KUALA LUMPUR (May 13): Datuk Seri Hishammuddin Hussein (pictured) is “challenging” Defence Minister Mohamad Sabu and deputy minister Liew Chin Tong to prove that he benefitted from land swap deals, reported Malaysiakini yesterday.
Zeti: Market needs more affordable housing
SHAH ALAM (May 11): The market is never short of commercial and luxury properties and it needs more affordable housing to balance the oversupply situation, said Sime Darby Property Bhd chairman Tan Sri Dr Zeti Akhtar Aziz.
KPKT: Potential collaboration with China companies for affordable housing funding and technology
SHAH ALAM (May 11): Housing and Local Government Ministry (KPKT) has signed a Memorandum of Understanding (MoU) with eight companies from China, for future potential foreign direct investment and technology knowledge transfer towards Malaysia’s affordable housing development.
Plaza Rakyat project to restart soon
Work on the long-abandoned Plaza Rakyat project in Jalan Pudu, Kuala Lumpur is expected to begin soon, A 43% stake in the developer - Profit Consortium Sdn Bhd is being bought by China-based Guangzhou Xu Zhuo Enterprise Management Co Ltd, who are expected to pay the outstanding debt due to Kuala Lumpur City Hall (DBKL) “The Plaza Rakyat project is being taken over by a new consortium, which finalised its takeover at end-March.
Rajawali Group set to exit Sheraton Imperial KL after 15 years
A 33-storey building in Jalan Sultan Ismail has been put up for sale by Indonesian billionaire Tan Sri Peter Sondakh.
US authorities to charge former rap star over 1MDB-linked funds for Obama campaign
KUALA LUMPUR (May 10): Ex-rap star Pras Michel will be charged today by the US government over campaign-finance violations to Barack Obama’s 2012 presidential re-election campaign, which was said to have originated from currently on the run businessman/deal maker Jho Low, reported Bloomberg today.
Govt hires consultants to revise HSR project
KUALA LUMPUR (May 10): MyHSR Corp Sdn Bhd, the Malaysian project delivery vehicle of Kuala Lumpur-Singapore high-speed rail (KL-Singapore HSR) project, yesterday called for a tender to appoint a commercial advisory consultant (CAC) for the project review exercise.
RM17.1b of GST and income tax refunded with RM16b from Petronas, says MoF
KUALA LUMPUR (May 10): The Malaysian government has repaid some RM17.
MMC Corp expects govt to revive MRT3 by year end
KUALA LUMPUR (May 10): MMC Corp Bhd group managing director (MD) Datuk Seri Che Khalib Mohamad Noh expects the government to revive the mass rapid transit 3 (MRT3) project, which is also known as the Circle Line, by year end.
