Kula Segaran says Utusan workers can apply for insurance after retrenchment
KUALA LUMPUR (Oct 9): Human Resources Minister M.
Umno cannot stop Utusan from shutting down, Annuar Musa says
KUALA LUMPUR (Oct 9): Umno secretary general Tan Sri Annuar Musa (pictured) said the party is not capable of interfering with Utusan Melayu (M) Bhd's decision to stop its newspaper publication.
Utusan Melayu ceases operations
KUALA LUMPUR (Oct 9): Utusan Melayu (Malaysia) Bhd is ceasing operations today, according to an internal circular to employees.
AmBank didn't tell 1MDB that Jho Low firms were major subscribers of RM5b bonds, witness agrees
KUALA LUMPUR (Oct 9): AmBank, the lead arranger of 1Malaysia Development Bhd's (1MDB) RM5 billion bond programme, did not tell the fund that companies linked to fugitive financier Low Taek Jho was the major subscribers of its discounted RM5 billion bonds issued in 2009, the High Court heard today.
Country Group Securities linked to Jho Low’s father, says defence
KUALA LUMPUR (Oct 9): The defence in Datuk Seri Najib Abdul Razak’s 1Malaysia Development Bhd (1MDB) trial has revealed that Thailand-based Country Group Securities Pcl, which was involved in the flipping of a RM5 billion Islamic medium term notes (IMTN) issued by the fund in 2009, is linked to Tan Sri Larry Low Hock Peng — the father of fugitive Low Taek Jho.
Khazanah unit to sell Andaz Singapore for S$475m, highest hotel price ever in Singapore
KUALA LUMPUR (Oct 9): M+S Pte Ltd, a 60:40 joint venture between Khazanah Nasional Bhd and Temasek Holdings Pte Ltd, is selling its wholly-owned subsidiary Ophir-Rochor Hotel Pte Ltd (ORH) to property developer Hoi Hup Realty Pte Ltd for S$475 million or S$1.
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.
Axis REIT acquires industrial property in Nilai for RM50m
KUALA LUMPUR (Oct 9): Axis Real Estate Investment Trust is buying a property in the industrial area of Nilai from K-Plastics Industries Sdn Bhd for RM50 million.
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.
