Equanimity sale proceeds can now be placed in MoF asset recovery account
KUALA LUMPUR (Nov 22): About US$124.
Netizens praise government auditor who recorded 1MDB meeting, kept original audit report
PETALING JAYA (Nov 22): Malaysian netizens are hailing National Audit Department (NAD) officer Nor Salwani Muhammad as a hero after media coverage on the 1Malaysia Development Bhd (1MDB) audit tampering trial at the Kuala Lumpur High Court yesterday described how she recorded a meeting between 1MDB and government officials in 2016 and saved an original copy of the 1MDB audit report.
Sunway 3Q net profit up 27% on higher property sector contribution
KUALA LUMPUR (Nov 22): Sunway Bhd’s net profit for the third quarter ended Sept 30, 2019 (3QFY19) rose 27% to RM183.
Ekovest to buy land in Johor for RM1.05b
KUALA LUMPUR (Nov 22): Ekovest Bhd has proposed to buy 20 parcels of freehold development land in Johor Bahru for a total of RM1.
Arul Kanda sought probe over existence of two 1MDB audit reports: Auditor
KUALA LUMPUR (Nov 22) : A government auditor confirmed yesterday that former 1Malaysia Development Bhd chief executive officer Arul Kanda Kandasamy had wanted a police report to be lodged over the existence of two conflicting 1MDB audit reports for 2014.
KPKT to meet industry stakeholders to discuss flat rate maintenance fee issue
KUALA LUMPUR (Nov 21): A focus group meeting will be held on Monday (Nov 25) between the Ministry of Housing and Local Government (KPKT) and industry stakeholders including the Malaysian Institute of Property & Facility Managers (MIPFM), the National House Buyers Association (HBA) and representatives from management bodies of strata property to come up with an equitable solution to the issue pertaining to flat rate maintenance charges in mixed developments, said Malaysian Institute of Property and Facility Managers (MIPFM) president Adzman Shah Mohd Ariffin.
Jho Low's Acme obtained US$126m in IMTN bond flip, says auditor
KUALA LUMPUR (Nov 21): Acme Time Ltd, a firm wholly-owned by fugitive financier Low Taek Jho (Jho Low), obtained close to US$126 million in the Islamic Medium Term Note (IMTN) bond flip for the Terengganu Investment Authority (TIA) in 2009, the High Court was told today.
Ex-AG: 1MDB audit unusually long and hard due to lack of cooperation
KUALA LUMPUR (Nov 21): Former Auditor-General Tan Sri Ambrin Buang found the process of auditing 1Malaysia Development Bhd to be more difficult than usual as the fund did not give its full cooperation by sharing the necessary documents required by the National Audit Department (NAD), he told the High Court today.
MRL and CCC-ECRL to kickoff recruitment roadshow in December to hire locals for mega project
KUALA LUMPUR (Nov 21): The 640-km East Coast Rail Link (ECRL) project will embark on a recruitment roadshow from December 2019 onwards in a bid to tap local talents in the construction and rail industry to participate in the nation’s largest infrastructure project to-date.
