BBCC Development disputes Zelan's late payment claim
"BBCC [Development] has been advised and is of the view that Zelan has no legal basis for any claim against the company and will contest any proceedings brought."
"BBCC [Development] has been advised and is of the view that Zelan has no legal basis for any claim against the company and will contest any proceedings brought."
30 sites with 6,816 units are unsettled due to the impact of financial problems in 2016.
In particular, affordable homeowners who want to let go of their units after the minimum holding period of two years may only be allowed to sell them to the Ministry of Housing and Local Government, said Zuraida.
Genting Malaysia said Genting UK had entered into a share purchase agreement with Sonco UK BidCo Ltd for the purpose of the disposal which is expected to net it a gain of approximately £23 million.
The project was granted to YTL via a direct negotiation by the then Barisan Nasional government.
They expect yields of around 4%-5% due to an oversupply of the instrument in the market.
The deal has been inked with Singapore's Hotel Royal Ltd to sell its Royale Chulan Bukit Bintang Hotel for RM197 million, cash, just over two weeks after the Ministry of Defence (Mindef) said the sale wasn't a done deal.
The land swap case is currently still under investigation by the Malaysian Anti-Corruption Commission. Losses in excess of RM500 million over 16 land swap projects involved 1,286 hectares of the Ministry’s land worth RM4.756 billion, and involving development costs of RM4.886 billion.
“It is a wrong move because Malaysia Airlines is our pride and joy. It should continue as our national airline. Almost every country has its own national airline, so we must have our national airline.”
"Go ahead, proceed with the investigation. For me this might just be another ploy to sway the attention away from the weakness of the government administration and the weakness of the ministers in their respective ministries."