Deepak files fresh suit against Boustead over 223-acre lands in Selangor
KUALA LUMPUR (June 25): Carpet businessman Deepak Jaikishan has filed a fresh suit at the High Court here against Boustead Holdings Bhd and its subsidiaries over 223.
Court to announce decision on 1MDB forfeiture suit against ex-minister on July 24
KUALA LUMPUR (June 25): The High Court will be announcing its decision on the 1Malaysia Development Bhd (1MDB) forfeiture action against former land and cooperative development minister Tan Sri Kasitah Gaddam on July 24.
PN may not proceed with takeover of Gamuda's four highways, says Affin Hwang
KUALA LUMPUR (June 25): The Perikatan Nasional (PN) government may not proceed with the takeover of four toll highways which Gamuda Bhd has a majority stake in — Damansara-Puchong Expressway, SPRINT Expressway, Shah Alam Expressway, and SMART Tunnel — according to Affin Hwang Capital Research.
May's deflation not a reason for another OPR cut — economists
KUALA LUMPUR (June 25): Malaysia recorded yet another deflation in May — the third monthly deflation in a row — but this is no reason for Bank Negara Malaysia to further cut the Overnight Policy Rate (OPR), said economists.
No dividend from Gamuda as quarterly profit falls 77% on MCO woes
KUALA LUMPUR (June 25): Gamuda Bhd’s net profit for its third financial quarter ended April 30, 2020 (3QFY20) slumped 77.
Malaysia targets zero Covid-19 cases by mid-July
KUALA LUMPUR (June 25): Malaysia is targeting zero new cases of Covid-19 by mid-July, health director-general Datuk Dr Noor Hisham Abdullah said yesterday.
Magna Prima defaults on term loan facility involving RM37.79m from Alliance Bank
KUALA LUMPUR (June 25): Property developer Magna Prima Bhd has defaulted on a term loan facility from Alliance Bank, which amounts to RM37.
Slowdown in tenant demand, reevaluation of office space usage expected in coming months: KPMG International
KUALA LUMPUR (June 24): The pandemic has disrupted the office landscape, which will face a challenging time in the months ahead, according to KPMG International’s “Real Estate in the New Reality” webinar on June 23.
Hong Kong: Owners prepared to cut rents rather than selling at a loss
KUALA LUMPUR (June 24): A myriad of events are eroding rents in Hong Kong.
