MQReit 2Q NPI falls 12.4%, declares 3.43 sen DPU
KUALA LUMPUR (Aug 7): MRCB-Quill REIT (MQReit)'s net property income (NPI) for the second quarter ended June 30, 2019 (2QFY19) fell 12.
CIMB launches flexible work arrangement, offers early retirement
KUALA LUMPUR (Aug 7): CIMB Group Holdings Bhd, which missed its 50% cost to income target last year, launches a new human resources (HR) initiative called FlexMyCareer which is perceived by others in the banking industry as another way to further downsize its workforce.
Najib was autocratic when it came to 1MDB and SRC, says Husni
KUALA LUMPUR (Aug 6): Former second finance minister Datuk Seri Ahmad Husni Hanadzlah (pictured) today described former premier Datuk Seri Najib Razak as an autocratic person in his dealings with 1Malaysia Development Bhd (1MDB) and former 1MDB subsidiary SRC International Sdn Bhd.
Works Minister seeks budget allocation to encourage BIM adoption
KUALA LUMPUR (Aug 6): The Construction Industry Development Board (CIDB) Malaysia hopes there will be allocation under Budget 2020 for incentives to encourage the construction industry to adopt Building Information Modelling (BIM).
Shafee: Husni's testimony 'almost like a gun being held to his head'
KUALA LUMPUR (Aug 6): Tan Sri Muhammad Shafee Abdullah, the lead counsel for Datuk Seri Najib Razak in the SRC International Sdn Bhd trial, expressed frustration with former Minister of Finance II Datuk Seri Ahmad Husni Mohamad Hanadzlah's testimony today.
Parkson closes store 18 months after opening
KUALA LUMPUR (Aug 6): Department store operator Parkson Corp Sdn Bhd, which shut its 20-year-old store in Suria KLCC earlier this year, has shut another store — the Parkson M Square Mall in Puchong, Selangor.
Masteel's standalone credit profile vulnerable on steel prices fluctuations, MARC says
KUALA LUMPUR (Aug 6): Malaysia Steel Works (KL) Bhd's (Masteel) standalone credit profile remains vulnerable to fluctuations in steel price, fluctuating cost of raw materials and increased competitive pressures in the Malaysian market, according to Malaysian Rating Corp Bhd (MARC).
Property consultant: Stop building serviced apartments in Johor Bahru
PETALING JAYA (Aug 6): A property consultant recently said that developers should stop constructing serviced apartments in Johor Bahru.
1MDB asset forfeiture: Two entities not objecting to third-party notice gazette
KUALA LUMPUR (Aug 6): Yayasan Penyelidikan Transformasi and K&Z Enterprise Sdn Bhd indicated to the High Court here today that they will not object to the gazette of third-party notice for forfeiture sought by the Malaysian Anti-Corruption Commission (MACC) over assets purportedly from 1Malaysia Development Bhd (1MDB).
Case management for FGV's suit against Isa Samad, Emir Mavani fixed for Sept 6
KUALA LUMPUR (Aug 6): The High Court has fixed Sept 6 as the next case management date for FGV Holdings Bhd's case against its former chairman Tan Sri Mohd Isa Abdul Samad and former president and group chief executive officer Datuk Mohd Emir Mavani Abdullah.
