Royal Floria Putrajaya 2018 flower show begins Aug 25
Trying to get some fresh air this weekend? Head over to Putrajaya this weekend to visit the Royal Floria Putrajaya flower show.
DAP Rep: Restore ECRL sites, help retrenched workers
KUALA LUMPUR (August 24): Calling their plight “regrettable”, Ketari state assemblyman Young Syefura Othman said the government should ensure the welfare of the nearly 2,000 retrenched East Coast Rail Link (ECRL) workers, and rehabilitate the sites that had previously been earmarked for the project.
Court allows Equanimity sale pending ownership litigation
KUALA LUMPUR (Aug 24): The superyacht Equanimity, which is linked to Low Taek Jho — the alleged mastermind behind 1Malaysia Development Bhd's troubles — may find a new owner "in the next two or three months" after a Malaysian court granted an application to facilitate the sale of the vessel today.
Sale of Khazanah stake in JVs with Temasek not on the cards
PETALING JAYA (Aug 24): Reports of Khazanah Nasional Bhd seeking to sell its stake in M+S Pte Ltd surfaced in a report by the Malaysian Reserve, but The Business Times (BT), in checking the information, have found that both parties have not held talks on the matter.
Meagre savings from SST exemptions unlikely to lower house prices, says property developer
PETALING JAYA (Aug 24): The reintroduction of the Sales and Services Tax (SST), slated in September, is unlikely to reduce house prices despite cost savings of at least 1% to 2% for property developers, said Paramount Corp Bhd group CEO and director Jeffrey Chew.
Country Garden considers increasing investments in Malaysia
PETALING JAYA (Aug 24): Hong Kong-listed property developer Country Garden Holdings founder and chairman Yeung Kwok Keung is confident in Malaysia’s economic prospects under the new government and plans to enlarge its investments in Malaysia, according to a report by Chinese daily Nanyang Siang Pau.
Special committee to study business models for Yayasan Wilayah Persekutuan
PUTRAJAYA (Aug 24): The Federal Territories (FT) Ministry has set up a special committee to study sustainable ways for Yayasan Wilayah Persekutuan (YWP) to generate its own funding, said its minister Khalid Samad.
Call for concrete action plan on GST refunds
KUALA LUMPUR (August 24): With a week to go before the Sept 1 implementation of the new sales and service tax (SST), manufacturers yesterday called on the government to address the goods and services tax (GST) input tax refunds conundrum before imposing the SST.
Malaysia files criminal charges against Jho Low in absentia
KUALA LUMPUR (Aug 24): Malaysian police today filed the first set of criminal charges against Low Taek Jho (Jho Low) and his father over money allegedly stolen from 1Malaysia Development Bhd (1MDB).
Tambun Indah likely to gain from potential revised lending policies
Tambun Indah Land Bhd (Aug 23, 98 sen) Upgrade to buy with a higher target price of RM1.
