Setia City Mall Phase 2 targets to open by June 2020
SHAH ALAM (Oct 17): Set to be Shah Alam’s largest mall, Setia City Mall is currently undergoing an expansion which will add some 450,000 sq ft of retail space bringing it to a total of over 1.
Sunway establishes private trust for student housing in UK
KUALA LUMPUR (Oct 17): Sunway Bhd is establishing a private trust in Singapore with an initial £38 million (about RM202 million) of assets under management (AUM) that focuses on purpose-built student accommodation in the UK.
Property market will 'level up': Rehda
KUALA LUMPUR (Oct 17): Sales campaigns and the falling number of available units owing to the “self-discipline” of developers will help improve the local property market, Bloomberg reported today.
Empire Resorts’ minority shareholder sues Genting Malaysia and Kien Huat Realty for unfair privatisation deal
KUALA LUMPUR (Oct 16): A minority shareholder is suing Empire Resorts Ltd, its board members and the controlling shareholders — Genting Malaysia Bhd (GENM) and Kien Huat Realty III, for the unfair offer to take the US-based casino operator private.
Lower threshold for foreigners: It will solve liquidity problem faced by developers, says LBS Bina's Lim
KUALA LUMPUR (Oct 16): The lower property threshold for foreign ownership will help “solve the liquidity problem faced by developers”, LBS Bina managing director Tan Sri Lim Hock San (pictured) told China Press in an interview.
DBKL issues stop work order to two development projects
KUALA LUMPUR (Oct 16): Kuala Lumpur City Hall (DBKL) ordered two development projects in Kampung Segambut Dalam to immediately suspend operations after a flood in the area on Monday, the Star reported today.
Metronic board meets to consider Lee Kim Yew's call for special audit today
KUALA LUMPUR (Oct 16): Metronic Global Bhd’s board of directors will meet today to consider a request by its largest shareholder, Tan Sri Lee Kim Yew, for the appointment of an independent team of auditors to conduct a special audit on several corporate exercises undertaken by the company this year.
Homes for families of armed forces in poor shape due to lack of funds, audit finds
KUALA LUMPUR (Oct 15): The National Audit Department said housing facilities for families of Armed Forces personnel (RKAT) are in poor shape due to insufficient financial allocations, inefficient financial management and inconsistent monitoring, the Malay Mail reported yesterday.
Najib: PAC should probe Guan Eng's claim that RM150b was stolen from Malaysia’s coffers
KUALA LUMPUR (Oct 15): Former premier Datuk Seri Najib Abdul Razak has called on the government to move the Public Accounts Committee (PAC) to investigate Finance Minister Lim Guan Eng’s claim that the current government inherited some RM150 billion in 1Malaysia Development Bhd (1MDB)-related public debt from the previous government.
