PRG to subscribe for shares in Capital World
KUALA LUMPUR (Dec 22): PRG Holdings Bhd has agreed to subscribe for shares in Singapore-listed Capital World Ltd, which is primarily involved in property development in Malaysia.
Finance Ministry allocates RM77m to Felda settlers
KUALA LUMPUR (Dec 21): The finance ministry (MoF) has provided a special allocation of RM77 million to assist settlers of the Federal Land Development Authority (Felda) to settle overdue payments in the current year.
Felda says received MACC visit after Project Caviartive review
KUALA LUMPUR (Dec 20): The Federal Land Development Authority (Felda) said today it received a visit from the Malaysian Anti-Corruption Commission (MACC) on Tuesday (Dec 18) following the MACC's review of Felda's previous Project Caviartive as part of the commission's efforts to help government agencies to heighten governance and management standards.
Vincent Tan to restructure his business empire
KUALA LUMPUR (Dec 20): Tan Sri Vincent Tan (pictured), who is back at the helm of the Berjaya group, yesterday unveiled his big plan to restructure his business empire that may involve the sale of assets, privatising two companies — 7-Eleven Malaysia Holdings Bhd and Berjaya Land Bhd (BLand) — as well as the listing of hotel business in Singapore.
Hong Kong govt to launch cheap “starter homes” – at RM6,943 psf
PETALING JAYA (Dec 19): Hong Kong's government will be launching cheap “starter” homes in Kowloon that will be priced at about 38% below average market prices – at HK$13,000 (RM6,943.
Monetary Authority of Singapore bans Tim Leissner for life
KUALA LUMPUR (Dec 19): The Monetary Authority of Singapore (MAS) announced today that it has increased the ban against Tim Leissner to a lifetime prohibition order (PO) following Leissner’s admission to 1Malaysia Development Bhd (1MDB)-related criminal charges brought against him by the US Department of Justice (US DOJ).
RM3.8b worth of unsold properties in Johor
JOHOR BAHRU (Dec 19): The southern state of Johor has 5,988 units of unsold properties worth RM3.
Battersea Phase 2 sale seen to speed up S P Setia’s new phases
S P Setia Bhd (Dec 18, RM2.
Crescendo buys land in Johor for RM13m
KUALA LUMPUR (Dec 19): Property developer Crescendo Corp Bhd is buying a piece of land in Johor Bahru for RM13 million to develop apartments for rent by Crescendo International College students.
RFID project did not breach Touch ’n Go deal with CIMB — PLUS
KUALA LUMPUR (Dec 19): PLUS Malaysia Bhd confirmed yesterday it had been served with an arbitration notice by CIMB Group Holdings Bhd to restraint PLUS from engaging further in the PLUS Radio Frequency Identification (PLUS RFID) business.
