HK trains collide for the first time ever
HONG KONG (March 18): For the first time in almost four decades, two subway trains in Hong Kong collided.
Two Selangor district councils to be upgraded to municipalities
KUALA LANGAT (March 18): The Kuala Langat and Kuala Selangor District Councils will be upgraded to municipal councils by this year, said Selangor Mentri Besar Amirudin Shari.
AGC: Prosecution didn't have all documents prior to charging ex-Goldman banker
KUALA LUMPUR (March 18): The Attorney General's Chambers (AGC) today denied that it did not have any documents prior to its decision to charge the ex-Goldman Sachs banker linked to 1 Malaysia Development Bhd (1MDB) scandal, Roger Ng.
Matrix Concepts' launch of Indonesian development a positive move, say analysts
KUALA LUMPUR (March 18): Matrix Concepts Holdings Bhd's launch of its Icon Twin Towers in Jakarta's Islamic Financial District (IFD) in the second half of 2019 (2H19) has been seen as a positive development by analysts.
All govt affordable housing to be built with IBS, says Zuraida
NILAI (March 16): All government affordable housing projects would be built using the industrialised building system (IBS) technology by 2024, said Housing and Local Government Minister Zuraida Kamaruddin.
Manulife Asset Management projects flattish yields in Malaysian REITs market
KUALA LUMPUR (March 16): Manulife Asset Management Services Bhd (MAMSB) expects the Malaysian real estate investment trust (REIT) market to remain flattish this year, with yields of around 4%-5% due to an oversupply of the instrument in the market.
Selangor Properties posts RM23.04 mil net profit in 1QFY19
KUALA LUMPUR (March 16): Selangor Properties Bhd, whose controlling shareholder is in the midst of taking it private at RM6.
Najib wants change of judge or a discharge in SRC case
PUTRAJAYA (March 15): Ex-premier Datuk Seri Najib Razak's lawyer Tan Sri Muhammad Shafee Abdullah told the Court of Appeal today that his client wanted another judge to hear his criminal breach of trust and abuse of power case in relation to SRC International Sdn Bhd or that he be given a discharge not amounting to an acquittal.
Over 32,000 meatballs sold on IKEA Batu Kawan’s opening day
PENANG (March 16): Thousands thronged IKEA Batu Kawan in Penang on its opening day on March 14, and gobbled up over 32,000 of the Swedish retailer’s famous Swedish meatballs.
Boustead goes ahead with Royale Chulan Hotel sale, two weeks after Mindef said it wasn't a done deal
KUALA LUMPUR (March 15): Boustead Holdings Bhd inked a sale and purchase agreement (SPA) today with Singapore's Hotel Royal Ltd to sell its Royale Chulan Bukit Bintang Hotel for RM197 million, cash, just over two weeks after the Ministry of Defence (Mindef) said the sale wasn't a done deal.
