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.
KL East Mall to open in March 2020
KUALA LUMPUR (Nov 21): Sime Darby Property’s first 100%-owned retail mall is scheduled to be opened in March 2020.
Homeowners in China were promised ‘park views’ but get a plastic lake instead
PETALING JAYA (Nov 21): Buyers of flats in Changsha, Hunan province, Central China were shocked to see a plastic lake when they collected the keys to their units over the weekend, the South China Morning Post (SCMP) reported Tuesday.
‘Focus on intangible aspects to enhance building value’
KUALA LUMPUR (Nov 21): While the tangible aspects of a building can enhance a property's value, it is the intangible aspects that will make a building stand out from its peers and thus yield better value, said Singapore Association of Property and Facility Managers president Dr Lim Lan Yuan.
MIPFM: Get ready for influx of foreign investors next year
KUALA LUMPUR (Nov 21): Malaysia is expected to be on the radar of foreign investors who are seeking a stable market to invest and to operate from, said Malaysian Institute of Property and Facility Managers (MIPFM) president Adzman Shah Mohd Ariffin.
Calls to destroy final audit report shocked NAD director
KUALA LUMPUR (Nov 21): National Audit Department (NAD) director Nor Salwani Muhammad (pictured) was the one who recorded the Feb 24, 2016 meeting where top government officials agreed to amend and destroy the original 1Malaysia Development Bhd (1MDB) audit report, the High Court heard today.
Prosecution objects to Najib's request for Justo's documents
KUALA LUMPUR (Nov 21): The prosecution in Datuk Seri Najib Razak's 1Malaysia Development Bhd (1MDB)-Tanore case has objected to the former premier's request for copies of documents given by whistleblower and former PetroSaudi International (PSI) executive Xavier Justo to the authorities.
