Concrete block falls from lorry along MRR2
KUALA LUMPUR (March 25): A concrete block fell from a lorry onto the middle lane of the MRR2 just after Hillview heading towards Ampang early this morning, according to postings on social media.
Govt allowed to seize RM49m in cash belonging to Jho Low's father
KUALA LUMPUR (March 25): The High Court here has allowed the government to forfeit and seize approximately RM49 million in cash assets belonging to Tan Sri Larry Low Hock Peng, father of missing businessman Low Taek Jho, who is better known as Jho Low.
Genting chairman buys over Genting Hong Kong’s stake in Grand Banks Yachts for HK$62.58m
KUALA LUMPUR (March 25): Genting Hong Kong Ltd is selling its entire stake in Grand Banks Yachts to Genting Bhd chairman Tan Sri Lim Kok Thay (pictured) for HK$62.
Yong Tai expands into gold mining business
KUALA LUMPUR (March 25): Property developer Yong Tai Bhd's subsidiary has been appointed the exclusive mining operator to undertake exploration works on a 100ha site in Bukit Kenderak in Pahang's Lipis district.
DONE DEAL: Serviced apartment at Seventeen Residences, Petaling Jaya, Selangor
DONE DEAL: Serviced apartment at Pavilion Suites, Jalan Bukit Bintang, Kuala Lumpur DONE DEAL: Double-storey bungalow at Section 16 (Petaling Jaya), Kuala Lumpur Seventeen Residences is a serviced apartment component located above buzzing commercial spaces nestled in Petaling Jaya.
PRG sinks back into the red on impairment losses
KUALA LUMPUR (March 24): PRG Holdings Bhd, which is involved in the manufacturing of webbings, furniture components and the property sector, posted a net loss of RM28.
Apex court rules hoteliers cannot use 10% service charge to meet minimum wage requirements
PUTRAJAYA (March 24): The Federal Court ruled today that hoteliers cannot use the 10% service charge paid by customers to meet the minimum wage requirement, and instead must pay their employees the charges collected in addition to their salaries.
Penang: Jagdeep reminds owners about rules on homestays
PENANG (March 24): Joint management bodies (JMB) and management committees (MC) of strata schemes can enact a bylaw to prevent short-term accommodations under Section 70(2) of the Strata Management Act 2013 (SMA), Penang state local government committee chairman Jagdeep Singh Deo (pictured) reminded all stakeholders, The Star reported yesterday.
CapitaLand's restructuring exercise paves way for others to follow
SINGAPORE (March 24): The major restructuring plan by CapitaLand to consolidate its fund management and lodging business into a new entity as well as taking its property development business private may pave the way for other industry players to follow suit, reported Bloomberg.
Fajarbaru announces boardroom changes; Chan Kong Choy is new chairman
KUALA LUMPUR (March 24): Former transport minister Tan Sri Chan Kong Choy has been made the chairman of Fajarbaru Builder Group Bhd, as part of a slew of boardroom changes announced by the company yesterday.
