Malaysia's GDP contracts 4.5% y-o-y in 3Q21 amid July containment measures
KUALA LUMPUR (Nov 12): Malaysia's economy contracted 4.
Malaysia's Covid-19 R-nought back to 1.0 — first time since August
KUALA LUMPUR (Nov 12): The basic reproduction number (R-nought or R0) of Covid-19 infections in Malaysia climbed back up to 1.
Nov 16 fixed for decision on Guan Eng’s bid to move undersea tunnel graft case to High Court
KUALA LUMPUR (Nov 12): The Court of Appeal (CoA) has fixed Nov 16 to deliver its decision on former Penang chief minister and Bagan Member of Parliament (MP) Lim Guan Eng’s appeal to transfer his undersea tunnel graft trial from the Sessions Court to the High Court.
Former Penang state secretary says Guan Eng had not informed exco of his earlier meeting with Zarul
KUALA LUMPUR (Nov 12): A former Penang state secretary testified on on Thursday (Nov 11) that former chief minister Lim Guan Eng had not declared at a state executive council (exco) meeting in January 2011 that he had met Beijing Urban Construction Group (BUCG) managing director Datuk Zarul Ahmad Mohd Zulkifli over the undersea tunnel project.
Former 1MDB CFO: Decision to transfer US$3b 1MDB funds to third parties came from Najib
KUALA LUMPUR (Nov 12): 1Malaysia Development Bhd’s former CFO Azmi Tahir told the court on Thursday (Nov 11) that he could not question decisions to transfer US$3 billion of 1MDB funds to third parties, as these instructions came from the office of then prime minister Datuk Seri Najib Abdul Razak.
Hong Kong apartment breaks record as most expensive transaction psf in Asia
HONG KONG (Nov 12): An apartment in Hong Kong Island was recently sold for HK$640 million (RM342 million), effectively making it the most expensive sale psf in Asia, reported Bloomberg on Nov 11.
After terminating six EPCC contracts abroad, SCIB secures RM64m job in KL
KUALA LUMPUR (Nov 12): Sarawak Consolidated Industries Bhd (SCIB) has secured an engineering, procurement, construction, and commissioning (EPCC) contract worth RM63.
Impiana Hotels says it will not be classified as PN17 despite triggering criteria
KUALA LUMPUR (Nov 12): Impiana Hotels Bhd said it has triggered the prescribed criteria of Practice Note 17 (PN17) under the Main Market Listing Requirements but will not be classified as a PN17 company, thanks to Bursa Malaysia's relief measures.
Market potential of Chinatown
In 2018, Singapore-listed property group GSH Corp announced it was taking a 50% stake in a special purpose vehicle that owned a prime land parcel of 1.
