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Magna Prima to dispose of commercial property in KL for RM56m

... which the property developer will use to help settle its debts.

19 April, 2021
SRC appeal: MoF officers had no access to 1MDB former unit SRC although MoF Inc owns it

In fact, the MoF had no knowledge of the operation in SRC and it was unclear about the company’s business and investment activities up until 2015.

19 April, 2021
High Court allows Convent Bukit Nanas to challenge non-extension of land lease, but stay will only be heard next month

Kogilambigai also did not oppose the school's application for leave, but opposed the stay of proceedings.

19 April, 2021
Appellate court allows Grab to have merits of challenge against proposed RM87m fine by MyCC heard

“This is not a frivolous and vexatious application by the appellants. The High Court judgement is set aside.”

19 April, 2021
Sunway Malls sees traffic and sales recovery in March

According to the latest March 2021 figures, the company said both traffic and sales had achieved 90% and 95% normalcy respectively in comparison to the same period in March 2019.

19 April, 2021
UMW a potential beneficiary from ECRL re-alignment, says CIMB-CGS Research

UMW Holdings has circa 732.4 acres of vacant land in Serendah HVM Park, with an estimated net book value of RM73 million or RM2.30 psf.

19 April, 2021
PM announces Microsoft partnership under US$1b Bersama Malaysia initiative

The initiative will see investments amounting to RM4 billion over the next five years.

19 April, 2021
Analysts cut CapitaLand Malaysia Mall Trust earnings forecasts after it achieved lower-than-expected income

The analyst said the negative deviation could be attributed to lower-than-expected rental income in 1QFY21 as a result of the imposition of MCO 2.0 (the second movement control order) and steeper-than-expected negative rental reversion.

19 April, 2021
High Court to hear Convent Bukit Nanas' judicial review application to challenge non-extension of land lease

It is understood that former Federal Court judge Datuk Seri Gopal Sri Ram and lawyer Damien Chan will appear tomorrow for the judicial review applicant. 

18 April, 2021
Covid-19: Malaysia's new cases drop to 2,195; eight deaths reported

Sarawak reported the highest number of daily new Covid-19 cases at 508, followed by Selangor and Johor at 431 and 387 respectively.

18 April, 2021
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