Penang: Local councils to reduce proposed assessment rates hike
PENANG (May 7): The state authorities here have decided to reduce the increase in the proposed assessment rates, Malaysiakini reported today.
US reaches settlement to recover over US$49m involving 1MDB: DoJ
KUALA LUMPUR (May 7): The US has reached a settlement to recover more than US$49 million involving Malaysian sovereign wealth fund 1Malaysia Development Bhd (1MDB), the US Department of Justice (DoJ) said in a Reuters report today.
Amanah Harta PNB 1Q net income slips 1.7% on higher property expense, lower rental income
KUALA LUMPUR (May 6): Amanah Harta PNB (AHP) saw a 1.
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Rehda, MBAM want government to bear construction workers' testing costs
PETALING JAYA (May 6): The Real Estate and Housing Developers’ Association (Rehda) Malaysia and Master Builders Association Malaysia (MBAM) are appealing to the government to bear the cost for Covid-19 tests for construction workers.
Most Malaysians received three types of stimulus funding: DOSM
KUALA LUMPUR (May 6): About 40,000 individuals surveyed by the Department of Statistics Malaysia (DOSM) said they had benefitted from the government’s economic stimulus package.
RHB Bank lowers base rate by 50 basis points
KUALA LUMPUR (May 6): RHB Banking Group has revised its base rate (BR) and base lending rate (BLR) downwards by 50 basis points (bps) effective May 13, 2020, in line with a reduction in the overnight policy rate (OPR) by Bank Negara Malaysia (BNM).
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Parents worried about sending kids to daycare centres
KUALA LUMPUR (May 6): Parents are still “apprehensive” when it comes to sending their children to daycare centres.
Independent director resigns from Ikhmas Jaya
KUALA LUMPUR (May 5): Ikhmas Jaya Group Bhd, whose external auditor raised a red flag on its financials, has announced that its independent and non-executive director Yeun Choong Lai has resigned from the board.
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Rehda reminds developers to abide by SOPs issued by CIDB
PETALING JAYA (May 5): The Real Estate and Housing Developers' Association Malaysia (Rehda) has reminded its members to ensure that their staff and contractors fully and strictly abide by the Standard Operating Procedures (SOPs) provided by the Construction Industry issued by the Construction Industry Development Board (CIDB).
