Appeal court grants Deepak temporary injunction to halt Boustead unit’s share disposal
PUTRAJAYA (June 30): A three-member Court of Appeal bench has granted controversial carpet businessman Deepak Jaikishian an interim injunction against Boustead Holdings Bhd's wholly-owned subsidiary Bakti Wira Development Sdn Bhd disposing of 19% of his stake in Astacanggih Sdn Bhd.
Scientex's 3Q2021 net profit surges 57.8% to RM109.9m
PETALING JAYA (June 23): Packaging manufacturer and property developer Scientex Bhd’s net profit rose 57.
Stop-work order remains in 10 locations throughout DASH to ensure safety
PETALING JAYA (June 22): The stop-work order which involved the works on scaffolding and falsework in 10 locations on the Damansara-Shah Alam Elevated Highway (DASH) will remain until sufficient safety measures are implemented, said the Malaysian Highway Authority (LLM).
Seven top developers dominate 70% of local market share - PublicInvest Research
PETALING JAYA (June 18): With increasing consolidation in the property sector, the market is seeing the industry being dominated by a few players with landbank that carried an estimated gross development value (GDV) of close to RM100 billion, said Public Investment Bank Bhd (PublicInvest Research).
Iskandar Investment subsidiary partners with MTDC to accelerate IR4.0 growth in Johor
PETALING JAYA (June 18): IIB Ventures Sdn Bhd, a subsidiary of Iskandar Investment Bhd (IIB), has collaborated with the Malaysian Technology Development Corp Sdn Bhd (MTDC), as part of its efforts to accelerate the growth of IR4.
Tom Cruise is off the market – i.e. his house
Tom Cruise’s custom-designed 320-acre mountain abode in Telluride, Colorado was sold at its asking price of US$39.
Najib fails in bid to delay paying RM1.69b in tax as court rules all taxpayers are equal before the law
KUALA LUMPUR (June 14): Former prime minister Datuk Seri Najib Abdul Razak failed in his application for a stay of a decision by the High Court last July 22 to allow the Inland Revenue Board (IRB) to enter a summary judgement against the politician and require him to pay tax arrears of RM1.
Developers bank on established locations
For the astute investor, every adversity offers a window of opportunity Although the already soft property market has been further pressured by the impact of the Covid-19 pandemic, the business of property development has continued to fight tooth and nail.
Najib applies to strike out RM1.69b bankruptcy notice and for a stay, alleging mala fide
KUALA LUMPUR (June 2): Former premier Datuk Seri Najib Razak (pictured) has applied for a stay and the striking out of the bankruptcy notice of RM1.
