Widad Group to take over RM861.6m UiTM concession via Serendah Heights buy
KUALA LUMPUR (Oct 17): Widad Group Bhd, which is principally involved in construction and integrated facilities management, is forking out RM95.
New foreign buying threshold should be location-based and limited to unsold completed units
PETALING JAYA (Oct 11): The new minimum price threshold for the foreign purchase of high-rise residential property should be location-based and limited to completed units that remain unsold for at least a year, suggested Perbadanan PR1MA Malaysia chairman Tan Sri Eddy Chen (pictured).
Rent-to-own financing scheme to be introduced
PETALING JAYA (Oct 11): The government has announced the introduction of a Rent-to-own (RTO) financing scheme to help prospective first-time homebuyers who are unable to afford the initial 10% deposit or the financing for the purchase of a home under RTO schemes.
Ex-1MDB CEO agrees that TIA was not Najib's idea
KUALA LUMPUR (Oct 7): Former 1Malaysia Development Bhd (1MDB) CEO Datuk Shahrol Azral Ibrahim Halmi concedes before the High Court today that the beleaguered state-owned fund was not the ‘baby’ of Datuk Seri Najib Razak as its inception was not mooted by the former prime minister.
Shahrol: I wouldn't blame Najib for trusting Jho Low
KUALA LUMPUR (Oct 7): Datuk Shahrol Azral Ibrahim Halmi, former CEO of Terengganu Investment Authority Bhd (TIA) and then 1Malaysia Development Bhd (1MDB), agreed with the defence’s suggestion that he does not blame former prime minister Datuk Seri Najib Razak for trusting fugitive financier Low Taek Jho and Casey Tang Keng Chee, which was former 1MDB executive director of business development.
MGB bags RM53.01m flyover job from sister company
KUALA LUMPUR (Oct 2): MGB Bhd's wholly-owned MITC Engineering Sdn Bhd has bagged a RM53.
Water cuts plague Johor, Melaka folk
SIMPANG RENGGAM (Sept 30): Despite two days of rainfall in Simpang Renggam in Johor, water levels of Sungai Benut has failed to rise, causing fears of a water shortage to be realised.
Shafee: ‘If RM5b IMTN was suspended, Malaysia’s ratings would have been affected’
KUALA LUMPUR (Sept 26): Datuk Seri Najib Razak’s senior counsel said that the suspension of the RM5 billion Islamic medium term notes (IMTN) issuance would have negatively impacted Malaysia’s ratings, which was why the former premier had decided to go on with the issuance.
Shahrol: 1MDB was not audited by National Audit Department as evaluation a political risk to Najib
KUALA LUMPUR (Sept 25): Former Terengganu Investment Authority Bhd (TIA) and 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi (pictured) said 1MDB was exempted from being audited by the National Audit Department, as it presented a political risk to former prime minister Datuk Seri Najib Razak.
Shahrol: Najib pushed on with bonds issuance despite opposition by Yang di-Pertuan Agong
KUALA LUMPUR (Sept 25): Former Terengganu Investment Authority Bhd (TIA) and 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi testified that Datuk Seri Najib Abdul Razak had ordered TIA to push on with the bonds issuance, despite opposition from Terengganu’s ruler.
