MMAG to sell vacant industrial land in Klang for RM13m
The proposed disposal is via a SPA entered between its unit Active Trio Deluxe Sdn Bhd (ATDSB) and Acter Carton Enterprise.
Despite ‘zero governance’ of 1MDB-PetroSaudi JV, partnership continued to maintain ‘strategic relationship’
During the 1MDB-Tanore trial yesterday, Former 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi denied he was part of a plot to defraud the fund, even though he had presented to his board of directors, proposals to continue partnering with PSI in 2010 — after their dubious JV a year ago.
1MDB-Tanore Trial Day 30: Longer proceedings until to make up for Najib’s absence from swollen eyes
This extended schedule will be in force until the end of next week to make up for the controversial absence of Najib on Oct 31.
Seacera shareholders holding 2.5% stake propose appointment of six new directors
The shareholders are Ng Wai Yuan, Datin Sek Chian Nee, Low Swee Foong and Datuk Tan Wei Lian
Most of the funds raised for TRX, Bandar Malaysia went to PSI instead, says Shahrol
According to Former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi, the plan was for 1MDB to raise RM5 billion and RM10 billion through bridging loan facilities for TRX — at the time known as the Kuala Lumpur International Financial District (KLIFD) — and Bandar Malaysia, where the old Sungai Besi military airport was located, respectively.
DBKL seals off and 'takes back' community hall in Setapak
Community Development and Welfare Department director Anwar Mohd Zain said 180 halls have already been handed back to DBKL but managements of 22 are still holding out.
1,000 fishermen protest against Penang South Reclamation project
"The Penang South Reclamation (PSR) project will affect the fishermen directly, like how the Tanjung Tokong reclamation project has affected the fishermen there."
Report: Goldman offers US$2b to Malaysia over 1MDB, Mahathir says no
"Goldman Sachs has offered something like less than US$2 billion,” Dr Mahathir was quoted as saying. "We are not satisfied with that amount so we are still talking to them... If they respond reasonably we might not insist on getting that US$7.5 billion".
Najib escapes further bail conditions, but judge 'won't tolerate attempts to mislead court'
"We submit the accused is using his MC as abuse to obtain adjournment and prolong the trial. There must be sanction on this utter contempt for court proceedings," Datuk Gopal Sri Ram told the court.
Parcel quit rent should be calculated based on market conditions, say stakeholders
National Chamber of Commerce and Industry Malaysia (NCCIM), Building Management Association of Malaysia (BMAM) and the Malaysia Shopping Malls Association (PPK): “…as the Malaysian property market has remained stagnant over the past few years, quit rent should reasonably be expected to mirror these tepid property valuations. Furthermore, increasing this levy could be untimely and adds to an already burdensome increase in cost of living.”
