News about state

Although market sentiment is generally bearish owing to the Covid-19 pandemic and economic slowdown, Malaysia has been able to fend off the worst thus far, thanks to its strong fundamentals and the government’s efforts to bolster the economy.

KUALA LUMPUR (Aug 5): The Ministry of Housing and Local Government is drawing up the policy for the Residential Tenancies Act to control the price of houses in the country, said its minister Zuraida Kamaruddin (pictured).

KOTA KINABALU (July 30): Former Sabah Chief Minister Tan Sri Musa Aman was stopped by police while he was on his way to the State Palace to meet Sabah Governor Tun Juhar Mahiruddin this afternoon.

KUALA LUMPUR (July 27): Property developer SC Estate Builder Bhd said its wholly-owned unit SC Estate Industries Sdn Bhd had agreed to accept 21 pieces of freehold land with buildings as settlement of a RM2.

KUALA LUMPUR (July 24): The Sessions Court here today dismissed Datuk Seri Ahmad Maslan’s (pictured) bid to strike out charges of money laundering and providing a false statement to Malaysian Anti-Corruption Commission (MACC) officers.

KUALA LUMPUR (July 15): Knight Frank Malaysia, in its Real Estate Highlights for 1H2020, anticipates retail sales to gradually improve moving forward with further easing of restrictions during the current recovery phase of the movement control order (MCO).

PETALING JAYA (July 13): Datuk Seri Michael Yam FCIOB has been appointed vice president of the Chartered Institute of Building (CIOB) on 23 June 2020.

SHAH ALAM (June 29): The Federal Government has given assurance that it will be fair to all states, including those led by the opposition, in the efforts to revive the COVID-19-affected economy.

NEW YORK (June 11): The developer of a 43-story luxury condo building in Manhattan’s Tribeca neighborhood sued Malaysia’s biggest bank for reneging on agreements to provide more than US$162 million (RM689 million) in syndicated construction loans and “effectively thwarting” the project, Bloomberg reported today.

KUALA LUMPUR (June 10): Fugitive Malaysian financier Jho Low traveled to Kuwait last September, slipped past international arrest notices and authorities in the US and Malaysia seeking him for his alleged role in the multibillion-dollar state investment fund 1Malaysia Development Bhd (1MDB) fraud, says the Wall Street Journal (WSJ).