News about international

With the Covid-19 pandemic affecting the income source of many property owners, have more assets been placed under the hammer? For home-seekers and investors, is the auction market now offering value-worthy picks? A check with auction houses show that indeed, prices on the foreclosure market have slumped to as much as 30% to 40% below market value.

KUALA LUMPUR (Feb 4): The forfeiture action by the prosecution against Saudi national Tarek Obaid, PetroSaudi International Ltd (PSI), PetroSaudi Oil Services (Venezuela) Ltd (PSOSL), and two others over US$340 million in 1Malaysia Development Bhd (1MDB) funds is not settled yet, as parties will go for further case management.

KUALA LUMPUR (Jan 14): Jiankun International Bhd has proposed to undertake a private placement of up to 20% of the total number of issued shares in the company to raise an indicative maximum amount of RM23.

PUTRAJAYA (Jan 4): Former prime minister Datuk Seri Najib Razak, who has been sentenced to 12 years’ jail and fined RM210 million in the SRC International Sdn Bhd case, is seeking to delay the hearing of his appeal against his conviction and sentence in the Court of Appeal.

KUALA LUMPUR (Jan 3): The 1Malaysia Development Bhd (1MDB) trial scheduled for tomorrow (Jan 4) involving former prime minister Datuk Seri Najib Razak has been vacated due to his lawyer Tan Sri Muhammad Shafee Abdullah's request.

PUTRAJAYA (Dec 28): The defence and prosecution in Datuk Seri Najib Razak's SRC International Sdn Bhd case are making sure that the High Court's notes of proceedings, which found the former premier guilty of all seven counts of criminal breach of trust (CBT), abuse of power and money-laundering, are in order.

KUALA LUMPUR (Dec 18): LKL International Bhd is buying two pieces of freehold industrial land in Seri Kembangan for RM12 million or RM556 per sq ft.

PETALING JAYA (Dec 17): EcoWorld Malaysia and EcoWorld International are eyeing for a higher combined sales target of RM5 billion for FY2021.

PETALING JAYA (Dec 15): Former human resources minister M Kula Segaran (pictured) has called on the government to “work towards improving working conditions” for migrant workers Malaysia, FMT News reported today.

KGV International’s Samuel Tan believes that one of the anticipated beneficiaries from the RTS Link would be the high-rise serviced apartments which are sprouting all over Johor Bahru.