Strata development AGMs allowed to resume under RMCO

PETALING JAYA (June 10): Annual General Meetings (AGMs) and Extraordinary General Meetings (EGMs) of strata developments can now be conducted physically, according to the government's latest Standard Operating Procedure (SOP) guidelines on strata management for the Recovery Movement Control Order (RMCO) phase which began today (June 10).

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BBCC and Mitsui Fudosan in en-bloc deal worth RM242m

PETALING JAYA (June 10): Mitsui Fudosan (Asia) Malaysia Sdn Bhd (MFAM) and BBCC Development Sdn Bhd (BBCCD) have signed a joint venture agreement to acquire a serviced residence block in the Bukit Bintang City Centre (BBCC) development, Kuala Lumpur, for RM242 million.

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High Court allows Najib to inspect seized items worth RM680m

KUALA LUMPUR (June 10): The High Court today has allowed an application by former prime minister Datuk Seri Najib Abdul Razak to inspect close to 12,000 pieces of jewellery, 300 handbags and other valuables which were seized by police shortly after the 14th general election in 2018.

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How Covid-19 gave cover for a subtle power grab

KUALA LUMPUR (June 10): Is the pandemic a boon to autocracy? In Malaysia, efforts to constrain the coronavirus have chipped away at the very democratic principles that for decades made the country a natural US ally and bastion of stability in a volatile region, Bloomberg reported today.

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Jho Low found new ways to move money in Kuwait: WSJ

KUALA LUMPUR (June 10): Fugitive Malaysian financier Jho Low traveled to Kuwait last September, slipped past international arrest notices and authorities in the US and Malaysia seeking him for his alleged role in the multibillion-dollar state investment fund 1Malaysia Development Bhd (1MDB) fraud, says the Wall Street Journal (WSJ).

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