1MDB still owns Air Itam land, says Penang CM

PETALING JAYA (Aug 9): 1Malaysia Development Bhd (1MDB) is still the registered owner of 234 acres of land in Air Itam, Penang, even after it was sold to another company as the transfer of ownership is incomplete, reported the Malay Mail.

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MM2H approved applicants expected to reach 2,000 by year end

PUTRAJAYA (Aug 9): The Tourism, Arts and Culture Ministry (Motac) expects the number of approved applicants under the Malaysia My Second Home (MM2H) programme to be doubled by the end of the year from the current 1,009 approved aplicants as of June, said ministry secretary general Datuk Rashidi Hasbullah.

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MIEA: Property investors to make a comeback

PETALING JAYA (Aug 9): Malaysian Institute of Estate Agents (MIEA) holds an optimistic outlook of the property market and believes that real estate investors will make a comeback, due to improving fundamentals under the new government and new policies to address the sector's issues.

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1MDB claims ownership of super yacht Equanimity

KUALA LUMPUR (Aug 8): Strategic investment fund 1Malaysia Development Bhd (1MDB) has laid claim to the Equanimity super yacht, said to be bought using monies misappropriated from 1MDB, when it finally arrived on Malaysian shores yesterday afternoon at Pulau Indah, Selangor.

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