S P Setia 3Q net profit jumps 67% on higher property development revenue
KUALA LUMPUR (Nov 13): SP Setia Bhd's net profit for the third quarter ended Sept 30, 2019 jumped 67.
EcoWorld International tops out first Australian project
KUALA LUMPUR (Nov 13): Eco World International Bhd (EWI) has topped out its first Australian project, the A$315 million West Village project in Parramatta, Sydney, which marks a pivotal construction milestone for EWI.
Ivory Properties plans land buy in Penang for RM65m
KUALA LUMPUR (Nov 12): Ivory Properties Group Bhd is planning to buy a piece of freehold land in Penang for RM65 million.
Two Seacera shareholders with 2.5% stake seek to block appointment of new directors
KUALA LUMPUR (Nov 11): Two Seacera Group Bhd shareholders are seeking to block the appointment of six new directors at an extraordinary general meeting (EGM) scheduled for early next month.
RM2b loan from KWAP would not have been approved without Najib, says judge
KUALA LUMPUR (Nov 11): Justice Mohd Nazlan Ghazali said Retirement Fund Incorporated's (KWAP) RM2 billion loan to SRC International Sdn Bhd would not have been approved without the government guarantees and early disbursement of the loan would not have been done if the accused was not PM or Finance Minister at the time.
Rehda: Have a more equitable formula to calculate share units in mixed developments
PETALING JAYA (Nov 8): The Real Estate & Housing Developers’ Association Malaysia (Rehda) has urged the government to amend the relevant Acts and Regulations to provide the Land and Mines Office (PTG) with the power to approve a comprehensive and more “equitable” formula and weightage factors to calculate share units for the different components of a mixed development.
House buyers group says PH continuing BN practice of allowing extensions for developers
PETALING JAYA (Nov 8): The National House Buyers Association (HBA) criticised the government after the Housing and Local Government Ministry revealed the high number of extensions of time (EOT) approvals given to property developers since 2018, Free Malaysia Today reported today.
EcoFirst’s unit received sealed court order to pay sum of RM10.37 million
KUALA LUMPUR (Nov 8): EcoFirst Consolidated Bhd’s wholly-owned unit Pujian Development Sdn Bhd (PDSB) has received a sealed court order to pay a judgement sum of RM10.
Jho Low’s Cyprus passport to be revoked - report
KUALA LUMPUR (Nov 7): Along with 25 other individuals Jho Low will have his Cypriot password withdrawn, confirms Cyprus.
High Court to decide next week if Najib's 1MDB audit report tampering trial starts in January
KUALA LUMPUR (Nov 7): High Court judge Justice Mohamed Zaini Mazlan would decide on next Wednesday (Nov 13) on whether the 1Malaysia Development Bhd (1MDB) audit report tampering trial involving former premier Datuk Seri Najib Razak (pictured) and the fund’s former chief executive officer Arul Kanda Kandasamy could begin on Jan 13.
