News about Malaysia

KUALA LUMPUR (Jan 16): Perbadanan PR1MA Malaysia (PR1MA) has announced the appointment of Mohd Nazri Md Shariff as acting chief executive officer (CEO), effective immediately.

  KUALA LUMPUR (Jan 15): The US$7.

PETALING JAYA (Jan 14): The former prime minister had been asked to explain why the Malaysian Rubber Board (MRB) had sold a prized plot to Finance Ministry special purpose vehicle, Aset Tanah Negara Bhd (ATNB) instead of directly to the ultimate buyer, by MRB chairman Sankara Nair.

KUALA LUMPUR (Jan 14): With the sluggish property market in Malaysia, it is not surprising to see local property players expanding their presence to other countries, notably Australia and the UK.

PETALING JAYA (Jan 13): Aset Tanah Nasional Bhd (ATN), a company owned by the Ministry of Finance (MoF), was used to invest in a number troubled assets – including those owned by scandal-ridden fund 1Malaysia Development Bhd (1MDB), reported The Edge Malaysia.

PETALING JAYA (Jan 12): Prasarana Malaysia Bhd has not yet paid contractors of the light rail transit 3 (LRT 3) for work done up to Sept 30 last year worth RM800 million, sources told The Edge.

PETALING JAYA: The revised Real Property Gains Tax (RPGT) rates that took effect from Jan 1, 2019, may lead to quicker disposals upon the fifth year of holding period as there would be no motivation for longer term investment, said a tax expert.

PETALING JAYA (Jan 11): The second installment of the bee saga at Kuala Lumpur International Airport (KLIA) came to a bee-utiful conclusion today when a second swarm found at the main airport terminal was humanely dealt with.

KUALA LUMPUR (Jan 11): Goldman Sachs may be on the hook for as much as US$5 billion (about RM20.

KUALA LUMPUR (Jan 11): China Vanke Co Ltd, the China’s second-largest developer by sales, is eyeing the launch of its first mixed development in Malaysia this year with an estimated GDV of RM5 billion.