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JOHOR BAHRU (Sept 20): The Johor government is considering lowering the current RM1 million price threshold for foreigners to buy properties in the state, a report in the Malay Mail said today.

KUALA LUMPUR (Sept 20): The prosecution aims to show that former Federal Territories (FT) Minister Datuk Seri Tengku Adnan Tengku Mansor had received RM1 million as an inducement to assist a company to secure approval from Kuala Lumpur City Hall (DBKL) to increase the plot ratio for a development at Jalan Semarak here.

KUALA LUMPUR (Sept 20): Putrajaya will soon propose a revised price for raw water sales to the Republic of Singapore.

PETALING JAYA (Sept 20): LBS Bina Group Bhd urged the government to extend the homeownership campaign (HOC) and various financial incentives till next year, said the managing director Tan Sri Lim Hock San.

KUALA LUMPUR (Sept 20): Housing prices beyond affordability and population out-migration are two main challenges of Kuala Lumpur’s city planning, according to Executive Director of Planning Department at Kuala Lumpur City Hall (DBKL) Nurazizi Mokhtar.

KUALA LUMPUR (Sept 20): UEM Group Bhd, a wholly-owned subsidiary of Khazanah Nasional Bhd, said part of the proceeds from the disposal of its subsidiary's stake in the operator of the 117km-long Cikopo-Palimanan (Cipali) toll road will be invested into Malaysia's key national infrastructure and other opportunities in Indonesia.

KUALA LUMPUR (Sept 20): The Companies Commission of Malaysia (SSM) has initiated legal proceedings against former SRC International Sdn Bhd directors Nik Faisal Ariff Kamil and Datuk Suboh Md Yasin (pictured) for failing to submit the FY17 financial statement of SRC unit Gandingan Mentari Sdn Bhd.

KUALA LUMPUR (Sept 20): The corruption case against Kinabatangan MP Datuk Seri Bung Moktar Radin and his wife Datin Seri Zizie Izette A Samad — who are jointly charged with receiving RM2.

KUALA LUMPUR (Sept 20): Malaysian property developer UEM Sunrise Bhd may acquire rival Eco World Development Group Bhd in a share swap deal, New Straits Times reports, citing unidentified sources.

MANHATTAN (Sept 20): Swedish pension fund Sjunde AP-Fonden will control a class action against global investment bank Goldman Sachs Group Inc.