RM1.3b stolen 1MDB money recovered so far
KUALA LUMPUR (May 8): Malaysia has thus far recovered US$322 million — equivalent to about RM1.
Malaysia is no. 1 in Southeast Asia – on property obsession
KUALA LUMPUR (May 7): Malaysia has topped the list as the most property-obsessed country in Southeast Asia.
OPR reduction a good move to stimulate property market, says consultant
PETALING JAYA (May 7): The reduction of the overnight policy rate (OPR) by Bank Negara Malayisa (BNM) today is a good move to stimulate the economy and the property market, said real estate consultant and CEO of Zerin Properties Previndran Singhe.
US govt returned RM233.7m of 1MDB funds given to Red Granite, says AG
KUALA LUMPUR (May 7): The US government has returned and will be returning substantial monies to Malaysia, representing the first instalment of funds recovered from asset seizures related to 1Malaysia Development Bhd (1MDB) under the US Department of Justice's (DoJ) Kleptocracy Asset Recovery Initiative, says Attorney General Tommy Thomas.
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KLCCP 1Q net profit up on-year, pays 8.8 sen dividend
KUALA LUMPUR (May 7): KLCCP Stapled Group, comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (KLCC REIT), reported today a 1.
KWAP investment panel would've rejected SRC loan if it had the choice, says ex-officer
KUALA LUMPUR (May 7): The investment panel of Kumpulan Wang Persaraan (Diperbadankan) (KWAP) would have rejected the loan to 1Malaysia Development Bhd (1MDB)'s former subsidiary SRC International Sdn Bhd if it could, according to KWAP's former assistant vice president Amirul Imran Ahmad.
ParkCity partners CapitaLand to develop premium condo in Desa ParkCity
PETALING JAYA (May 7): ParkCity Property Holdings Sdn Bhd (ParkCity) and CapitaLand Limited (CapitaLand) will be undertaking a 50:50 joint-venture development called Park Regent in Desa ParkCity, Kuala Lumpur.
‘KWAP breached its own rules in giving RM2b loan, endorsed by Najib, to SRC’
KUALA LUMPUR (May 7): Kumpulan Wang Persaraan (Diperbadankan) (KWAP) approved its first RM2 billion loan to SRC International Sdn Bhd without adhering to its own investment policy and guidelines, the High Court here was told yesterday.
World's first Hasbro water theme park to be in Melaka
KUALA LUMPUR (May 7): Meridian Bhd executive director Datuk Seth Yap today unveiled plans to develop the world's first Hasbro-themed water theme park at Meridian's Malaysia Tourism City (MTC) development in Kuala Linggi, Melaka, through a Hasbro licensing agreement secured by his private entity M101 Holdings Sdn Bhd.
Ex-Goldman banker pleads not guilty in 1MDB fraud case – report
KUALA LUMPUR (May 7): Former Goldman Sachs Group Inc banker Roger Ng, who was charged last year in connection with the looting of billions of dollars from 1Malaysia Development Bhd (1MDB), pleaded not guilty in Brooklyn federal court on Monday, just hours after being flown back to the United States.
