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.
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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.
Pay employees decently, not just reward CEOs — minister
KUALA LUMPUR (May 7): Finance Minister Lim Guan Eng said corporate Malaysia should play its part in ensuring that employees in the country are paid decent wages and duly rewarded for their contributions, especially if the companies perform well.
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.
BNM cuts OPR to 3%, first revision in over a year
KUALA LUMPUR (May 7): Bank Negara Malaysia (BNM) has reduced its key interest rate to 3%, marking the first time it has revised the rate in more than a year.
‘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.
RM15.5m spent on seizure, maintenance of Equanimity
KUALA LUMPUR (May 7): Attorney-General Tommy Thomas said the government has spent an estimated RM15.
