Crescendo's 2Q profit down 37% on lower profit margin
KUALA LUMPUR (Sept 27): Property developer Crescendo Corp Bhd's second quarter net profit fell 36.
MTUC calls for withdrawal of all tax concessions on migrant worker levy
KUALA LUMPUR (Sept 27): The Malaysian Trades Union Congress (MTUC), in welcoming the Ministry of Finance's retraction of its earlier stance that the levy for migrant workers be split 20:80 between employers and foreign workers, has also called for the withdrawal of all tax concessions granted on the levy.
‘Govt should reconsider foreign worker levy terms’ — FMM
PETALING JAYA (September 27): The government should reconsider its decision to maintain its original plan for employers to pay the full RM10,000 levy due for an extension of employment for skilled foreign workers, said the Federation of Malaysian Manufacturers.
'Possibly' another extension in Battersea Phase 2 deal, says PNB
KUALA LUMPUR (Sept 27): Permodalan Nasional Bhd (PNB) is not discounting another extension for the completion of the proposed stake acquisition in the Battersea Power Station (BPS) project in the UK.
New structure for Kampung Baru Development Corp to be revealed soon
KUALA LUMPUR (Sept 27): The Federal Territories Ministry will reveal the new management structure of] Perbadanan Pembangunan Kampong Baru or Kampung Baru Development Corp by end-October pending the Prime Minister’s approval.
Fix the economy to address office and retail spaces oversupply, urges MIPFM
KUALA LUMPUR (Sept 27): The Malaysian Institute of Property and Facility Managers (MIPFM) president Sarkunan Subramaniam said instead of putting a halt on new retail and office developments, the government should bring the country’s economy back on the right track to address the space glut.
Cops want Rosmah to identify seized items, Najib may face more charges
KUALA LUMPUR (Sept 27): After enduring a marathon of more than 12 hours of questioning by the Malaysian Anti-Corruption Commission (MACC) yesterday, wife of former PM Datin Seri Rosmah Mansor may soon have to face the police.
Know the similarities and differences between facility and property management, says MIPFM
KUALA LUMPUR (Sept 27): There is a need to bring facility management and property management together to give the market a better understanding of the functions and roles of both fields as well as to raise their standards, said the Malaysian Institute of Property and Facility Managers (MIPFM) president Sarkunan Subramaniam.
Zeti: PNB to consolidate but 'not excluding market-driven merger, demerger'
KUALA LUMPUR (Sept 27): Permodalan Nasional Bhd (PNB) chairman Tan Sri Zeti Akhtar Aziz said today that the Malaysian-government investment arm's immediate focus is to “consolidate what has been done” and ensure previous deals involving investee companies achieve their desired objectives.
DONE DEAL: Kiara Designer Suites serviced apartment, Mont’Kiara, Kuala Lumpur
Sold for: RM625,000 (RM574.
