Right mentality in maintaining property is key to value growth

  SHAH ALAM (Oct 20): Like humans, buildings will go through the aging process over the years, but with the right mentality in managing the property, it can stay evergreen and continue to enjoy good value growth, said Architect Centre Sdn Bhd accredited architect and trainer Anthony Lee Tee.

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Ideal shareholders to inject assets of RM353m

KUALA LUMPUR (Oct 16): Ideal United Bintang International Bhd’s (IUBI) substantial shareholders Tan Sri Ooi Kee Liang and his spouse Puan Sri Phor Li Wei plan to inject their three private property companies into the group to bolster its current portfolio of development projects and enhance its profile as a property developer by participating in more profitable projects.

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‘Wolf of Wall Street’ production company pays US$60mil 1MDB settlement

PETALING JAYA (September 25): Production company Red Granite Pictures has paid off the balance of its US$60 million (RM234 million) settlement with the US government Red Granite had been accused of using more than $100 million embezzled from 1MDB, The American magazine Variety reported that in an agreement reached with federal prosecutors in March, Red Granite had promised to make the forfeiture payment in three instalments.

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