Sale and leaseback: An option for business cum building owners to raise funds
For business owners who operate from their own buildings, grappling with the current economic uncertainties have led them to consider ways to earn some cash from their properties.
PR1MA lowers debt to RM12b
PETALING JAYA (Sept 27): Perbadanan PR1MA Malaysia, which offers the 1Malaysia People’s Housing Scheme (PR1MA), has succeeded in cutting down its debt exposure from RM24 billion to RM12 billion after undergoing a due diligence process, corporate restructuring and management change process.
IRB wants Najib's son Nizar to pay RM13.1m in unpaid taxes
PETALING JAYA (Sept 27): Putrajaya is seeking RM13.
KPKT will meet dissatisfied PR1MA homebuyers
PETALING JAYA (Sept 27): The Housing and Local Government Ministry (KPKT) will engage with the dissatisfied buyers of 1Malaysia People’s Housing Scheme (PR1MA) homes who claim to have incurred losses owing to PR1MA's discounts and rebates of up to 30% offered to new purchasers.
Independent body to vet project contractors, suggests JKR director
KUALA LUMPUR (Sept 27): An independent body should be established to probe “contractors who tender for projects in order to stem corruption in public procurement”, Public Works Department (JKR) director Kamaluddin Abdul Rashid said, reported Free Malaysia Today.
Tallest residential tower in the country to stand in Bukit Bintang
KUALA LUMPUR (Sept 27): The city’s skyline is all set to change again -- Bukit Bintang will be the location of the tallest residential tower in Malaysia.
Investigative audit reveals seven financial irregularities and weaknesses in LTAT
KUALA LUMPUR (Sept 27): The findings of an investigative audit into Lembaga Tabung Angkatan Tentera (LTAT) unearthed significant financial irregularities and weaknesses that took place under the leadership of Tan Sri Lodin Wok Kamaruddin, who stepped down as its chief executive officer in September last year.
Ho Hup to raise up to RM17.7m via private placement
KUALA LUMPUR (Sept 27): Ho Hup Construction Bhd has proposed to raise up to RM17.