Savills broadens its Southeast Asia supply chain and logistics platform through strategic acquisition in Malaysia
PETALING JAYA (July 19) Savills has acquired a strategic interest in the Malaysian supply chain consulting business LCA.
Penang state council approved transfer of ownership of state lands to developers as payment for work done in undersea tunnel project, says witness
KUALA LUMPUR (July 16): The Penang state executive council led by former chief minister Lim Guan Eng (pictured) in 2014 had approved the transfer of ownership of the two lands connected to the Penang undersea tunnel project to two third-party companies, in return for the work that has been done by Consortium Zenith BUCG Sdn Bhd, the Sessions Court heard today.
Sim Leisure Group’s Sim Choo Kheng: Corruption is like ‘a cancer’ in the body
Honest, straightforward and transparent – these are the traits that mark founder and chief executive of Sim Leisure Group Sim Choo Kheng.
Integrity a ‘lonely journey’ for Sim Choo Kheng
This is an interview with a leader in the theme park arena, with more than 300 developments worldwide under his belt, but instead of expounding the establishment’s exploits and expansions, EdgeProp.
Sri Ram says AG's May 21 letter should dispel doubts over his senior DPP appointment in Rosmah case
KUALA LUMPUR (July 15): Former Federal Court judge Datuk Seri Gopal Sri Ram told the High Court here today that Attorney-General Tan Sri Idrus Harun has issued a fiat or appointment letter to him dated May 21, 2021 to clear any doubt over his appointment as senior deputy public prosecutor or DPP in Datin Seri Rosmah Mansor's solar hybrid project graft case.
Berjaya Corp plans to privatise BLand, sell BToto and set up hospitality REIT, says Jalil
KUALA LUMPUR (July 15): Berjaya Corp Bhd (BCorp) plans to privatise subsidiary Berjaya Land Bhd (BLand) and sell Berjaya Sports Toto Bhd (BToto) under the diversified group's strategic transformation plan, which includes a proposed hospitality real estate investment trust (REIT).
Consortium awarded Penang undersea tunnel project had highest score — witness
KUALA LUMPUR (July 15): Consortium Zenith BUCG Sdn Bhd was awarded the Penang undersea tunnel project in 2013 because it had obtained the highest score among the eight shortlisted companies for the overall technical and financial assessment at the request for proposal stage, the Sessions Court heard today.
Lim Kang Hoo-linked shares slip as Bandar Malaysia deal lapses
KUALA LUMPUR (July 15): Share prices of Iskandar Waterfront City Bhd (IWCity) and Ekovest Bhd, both of which are linked to businessman Tan Sri Lim Kang Hoo (pictured), fell in Bursa Malaysia morning trade today after IWCity’s major shareholder Iskandar Waterfront Holdings Sdn Bhd (IWH) said yesterday the share sale agreement for the planned acquisition of a 60% stake in Bandar Malaysia Sdn Bhd by IWH’s joint venture (JV) had lapsed on May 6, 2021.
Bandar Malaysia: Share sales deal lapsed on May 6
KUALA LUMPUR (JULY 14): The plan to revive Bandar Malaysia (pictured) has been discontinued as the Restated and Amended Share Sale Agreement (RASSA) for the acquisition of 60% shares in Bandar Malaysia Sdn Bhd (BMSB) has lapsed on May 6, 2021.
1MDB amends writ, files statement of claim to seek higher amount of US$3.8b from Jho Low and family
KUALA LUMPUR (July 14): 1Malaysia Development Bhd (1MDB) and its subsidiaries have amended their writ and filed a statement of claim to seek a total of US$3.
