News about Malaysia

PETALING JAYA (Sept 25): EdgeProp Sdn Bhd (EdgeProp) has been registered by the Securities Commission Malaysia (SC) as the first recognised market operator to establish and operate a property crowdfunding (PCF) platform in Malaysia, following the revision of the SC’s Guidelines on Recognised Markets in May 2019.

KUALA LUMPUR (Sept 25): Banning e-cigarettes or vaping products will only encourage consumers to continue buying unregulated products, says British American Tobacco (Malaysia) Bhd (BAT Malaysia) managing director Erik Stoel.

KUALA LUMPUR (Sept 24): The Ministry of International Trade and Industry (MITI) has decided to continue the imposition of anti-dumping duties on imports of cellulose fibre reinforced cement flat and pattern sheets (FCB) from Thailand for five more years.

KUALA LUMPUR: Karambunai Corp Bhd’s largest shareholder Tan Sri Dr Chen Lip Keong, with a 73.

KUALA LUMPUR (Sept 24): Property developer Bertam Alliance Bhd says it is roping in a Chinese white knight to help lift it from the Practice Note 17 (PN17) status.

KUALA LUMPUR (Sept 24): UEM Sunrise Bhd has said it continuously explores strategic business opportunities that can deliver stakeholder and shareholder returns.

KUALA LUMPUR (Sept 24): Lafarge Malaysia Bhd’s (LMB) minority shareholders voted down a resolution that would have allowed the group to undertake recurrent related party transactions (RPTs) worth an aggregate RM3.

KAJANG (Sept 23): Property market transactions for 1H2019 have rebounded for the first time since the market dipped in 1H2015, the improved sales performance also signaling a resilient market outlook, according to data from National Property Information Centre (Napic).

KUALA LUMPUR (Sept 23): Former Terengganu Investment Authority (TIA) and later its federalised incarnation 1Malaysia Development Bhd (1MDB) chief executive officer (CEO) Datuk Shahrol Azral Ibrahim Halmi described former premier Datuk Seri Najib Razak as being so close with fugitive businessman Low Taek Jho — better known as Jho Low — that he gave the Penang-born financier the mandate to plan and arrange the operations of the two entities.

  KUALA LUMPUR (Sept 23): The trial involving Riza Shahriz Abdul Aziz, the stepson of former Prime Minister Datuk Seri Najib Razak, for five money laundering charges involving US$248.