MBSB 3Q profit rises 21% on lower impairment allowances
KUALA LUMPUR (Nov 14): Malaysia Building Society Bhd’s (MBSB) net profit for the third financial quarter ended Sept 30, 2018 (3QFY18) rose 21.
PAC’s probe into ‘tampered’ 1MDB audit report to start Dec 4
KUALA LUMPUR (Nov 14): The Public Accounts Committee (PAC) will kick off its investigation in the first week of December this year into the allegations the 2016 Auditor-General’s Report on 1Malaysia Development Bhd (1MDB) has been tampered with.
Guan Eng: Luxury cars not eligible for targeted petrol subsidy
KUALA LUMPUR (Nov 13): Finance Minister Lim Guan Eng said today luxury car owners will not receive petrol subsidies from the government as announced under Budget 2019 even though their vehicle engines have capacities of 1,500cc and below.
Guilty or innocent, rule of law applies to Najib, says Dr M
KUALA LUMPUR (Nov 13): The rule of law applies in trials of former prime minister Datuk Seri Najib Razak whether he is guilty or innocent, said Prime Minister Tun Dr Mahathir Mohamad in an interview.
Homebuyers deferring purchase to next year for more budget perks, says analyst
KELANA JAYA (Nov 13): With all the favourable measures for first time homebuyers under Budget 2019 which will kickstart next year, RAM Ratings head of agribusiness, real estate and construction Thong Mun Wai expects property sales to improve early next year.
Parking woes for residents of Kepong
KUALA LUMPUR (Nov 13): Residents of Vista Mutiara condominium in Kepong want Kuala Lumpur City Hall (DBKL) to take action against motorists who park illegally.
Govt should promote rent-to-own concept to boost homeownership
KELANA JAYA (Nov 13): The Housing and Local Government Ministry (KPKT) should take the initiative to work with the private sector to promote the rent-to-own concept or other alternatives to encourage homeownership without over-stretching the finances of individuals instead of increasing affordable housing supply, said Socio-Economic Research Centre (SERC) executive director Lee Heng Guie.
Viral photo of car trapped in flooded tunnel damaged our reputation, says SMART
PETALING JAYA (Nov 13): SMART (Stormwater Management and Road Tunnel) said the recent viral photo of a car trapped in a flooded tunnel that was assumed to be the SMART tunnel was incorrect.
S’pore-listed Thomson Medical to spin off property business
KUALA LUMPUR (Nov 13): TMC Life Sciences Bhd said its parent, Singapore-listed Thomson Medical Group Ltd (TMG), plans to spin off its real estate business to its existing shareholders via a distribution in specie by way of a capital reduction of S$155.
AirAsia will not take part in Airport REIT
KUALA LUMPUR (Nov 13): AirAsia Group Bhd will not invest in the proposed airport real estate investment trust (Airport REIT) as the low-cost carrier does not want to lose focus on its airline business, said chief executive officer (CEO) Tan Sri Tony Fernandes.
