MMAG to sell vacant industrial land in Klang for RM13m
KUALA LUMPUR (Nov 5): MMAG Holdings Bhd is planning to dispose of a piece of freehold vacant industrial land in Klang for RM13 million in cash to Acter Carton Enterprise Sdn Bhd.
Despite ‘zero governance’ of 1MDB-PetroSaudi JV, partnership continued to maintain ‘strategic relationship’
KUALA LUMPUR (Nov 5): The High Court here was told that the joint venture (JV) between 1Malaysia Development Bhd (1MDB) and PetroSaudi International (PSI) in 2009 had “zero governance”, yet the former persisted in partnering with the latter to preserve their “strategic relationship”, a witness said.
Most of the funds raised for TRX, Bandar Malaysia went to PSI instead, says Shahrol
KUALA LUMPUR (Nov 4): Former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi (pictured, left) today revealed that most of the funds raised by the sovereign wealth fund intended to be utilised for the development of Tun Razak Exchange (TRX) and Bandar Malaysia had instead gone to PetroSaudi International Ltd (PSI).
DBKL seals off and 'takes back' community hall in Setapak
KUALA LUMPUR (Nov 4): City Hall (DBKL) is cracking down hard on managements who are adamant about giving back community halls here.
1,000 fishermen protest against Penang South Reclamation project
GEORGE TOWN (Nov 4): It looks like the mega Penang South Reclamation or PSR project is still facing opposition from some sectors.
Najib escapes further bail conditions, but judge 'won't tolerate attempts to mislead court'
KUALA LUMPUR (Nov 4): Datuk Seri Najib Razak (pictured) today avoided having further conditions imposed on his bail, after the prosecution questioned his presence in Johor last Friday.
Parcel quit rent should be calculated based on market conditions, say stakeholders
PETALING JAYA (Nov 4): Key industry stakeholders have raised concerns over the high rates resulting from the introduction of parcel quit rent for stratified properties.
Tengku Adnan withdraws strike out application in RM57m income tax suit
KUALA LUMPUR (Nov 4): Datuk Seri Tengku Adnan Tengku Mansor (pictured) has withdrawn his application to strike out a suit against him by the Inland Revenue Board (IRB), seeking RM57.
Sri Ram's experience, expertise needed in 1MDB-Tanore case: AG
KUALA LUMPUR: Attorney-General (AG) Tan Sri Tommy Thomas said the 1Malaysia Development Bhd (1MDB)-Tanore trial requires the expertise of 76-year-old prosecutor Datuk Seri Gopal Sri Ram, a former Federal Court judge, as the case is a highly complex white collar crime case that calls for an all-round barrister to lead the prosecution exam.
YNH set to unveil Genting project
KUALA LUMPUR (Nov 4): Investors are probably watching closely every move YNH Property Bhd’s board makes, given the company’s inexplicably high valuations relative to its peers against the backdrop of a lacklustre year for property counters.
