MSM sells Perlis land to F&N at 18% discount as it generates negligible revenues, saps finances
KUALA LUMPUR (Oct 9): Refined sugar producer MSM Malaysia Holdings Bhd, a 51% subsidiary of FGV Holdings Bhd, is selling a 4,453.
DONE DEAL: Serviced apartment, D'Esplanade Residence, Taman Abad, Johor Bahru
Sold for: RM570,000 (about RM599psf) Concluded by: Usha A/P R Lachumanan (REN 17124) of Gather Properties Sdn Bhd (016-720 0135) When: August 2019 Noteworthy: ● Freehold ● 2 bedrooms and 2 bathrooms ● Built-up: 952 sq ft ● Fully furnished with fridge, sofa, cabinets, TV, mattresses, air-conditioners, water heaters Read also DONE DEAL: Courtyard apartment, Adora, Desa ParkCity, KL DONE DEAL: 3-storey terraced house, Halamanda @ Gombak, Selangor Sitting on top of KSL City Mall in Johor Bahru and surrounded by ample amenities, including eateries, supermarket and bank, D’Esplanade Residence is accessible via Tebrau Highway and Jalan Tun Abdul Razak.
China's 'golden week': Property sales plunge in major cities, says report
KUALA LUMPUR (Oct 8): There has been nothing glittering in China's property market as sales in major cities of the Middle Kingdom experienced "one of their worst 'golden week' holidays in years", reported the South China Morning Post (SCMP) today.
FIC gets RM100m advance from Felda for Kuching hotel purchase
KUALA LUMPUR (Oct 8): Felda Investment Corp Sdn Bhd (FIC) sought to borrow RM100 million from parent Federal Land Development Authority (Felda) in late 2014 to finance the purchase of the Merdeka Palace Hotel and Suites in Kuching, says former Felda finance director Mohd Shahrin Mohd Ali.
Isa Samad trial: Kuching hotel later valued at half the purchase price, says FIC officer
KUALA LUMPUR (Oct 8): The Merdeka Palace Hotel and Suites in Kuching, which was bought for RM160 million by Felda Investment Corporation Sdn Bhd (FIC) between late 2014 and early 2015, was subsequently valued at only RM80 million, a witness testified today in the graft trial of former Felda chairman Tan Sri Mohd Isa Samad.
No lawyers on board of TIA after Christopher Lee left
KUALA LUMPUR (Oct 8): Datuk Shahrol Azral Ibrahim Halmi, former CEO of 1Malaysia Development Bhd (1MDB), told the court that there were no lawyers on the board of directors of Terengganu Investment Authority Bhd (TIA) after the resignation of lawyer Christopher Lee Sian Teik of Christopher Lee & Co.
PRG ventures into timber logging to diversify revenue
KUALA LUMPUR (Oct 8): PRG Holdings Bhd, which is mainly involved in the manufacturing of webbings, furniture components, other fabric items, as well as the property sector, is now venturing into the timber export business as a means to diversify its revenue stream amidst an economic slowdown.
Jho Low likely proposed 'finance novice' Shahrol to 1MDB as part of scam, High Court told
KUALA LUMPUR (Oct 8): "There is a possibility" that Datuk Shahrol Azral Ibrahim Halmi was recommended by Low Taek Jho (Jho Low) to helm 1Malaysia Development Bhd (1MDB) despite his lack of experience in finance, as part of the plan by the fugitive businessman to conduct the alleged misappropriation of funds.
Econpile secures RM20.8m contract
KUALA LUMPUR (Oct 8): Econpile Holdings Bhd’s unit has been awarded a contract worth RM20.
1MDB-Tanore trial: Shahrol another recipient of Jho Low's BlackBerry
KUALA LUMPUR (Oct 7): Just like ex-premier Datuk Seri Najib Razak's former special officer Datuk Amhari Efendi Nazaruddin, former 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi (pictured) also was gifted BlackBerry phones by fugitive businessman Low Taek Jho (Jho Low) to discuss 1MDB matters outside of the official channels, the High Court heard today.
