Too good to be true?
While we have discovered quite a number of terraced houses actually selling below RM600,000 in the secondary market, we did wonder if these were really good deals.
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.
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.
Najib seeks court order to access bank statements of companies related to Jho Low, Zeti's husband
KUALA LUMPUR (March 24): Former prime minister Datuk Seri Najib Razak (pictured) is seeking a court order to obtain bank statements and other related documents of companies believed to be related to Low Taek Jho — also known as Jho Low — who is the purported mastermind of the 1Malaysia Development Bhd (1MDB) financial scandal.
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.
Suspension of Lay Hong's Jeram 1 farm lifted after DVS finds all farms free of Salmonella
KUALA LUMPUR (March 22): The suspension of Lay Hong Bhd's production from its Jeram 1 farm in Selangor was lifted today as all of the group's farms are declared free of Salmonella Enteritidis (SE).
