News about Malaysia

KUALA LUMPUR (July 14): Hong Leong Investment Bank Bhd (HLIB) has downgraded the Malaysian real estate investment trust (M-REIT) sector to neutral from overweight as the Covid-19 pandemic impairs REIT earnings across most assets.

KUALA LUMPUR (July 14): The prosecution had on Friday filed a notice of motion for forfeiture action against Tareq Obaid, PetroSaudi International Ltd, PetroSaudi Oil Services (Venezuela) Ltd, Clyde and Co LLP and Temple Fiduciary Services Ltd.

PETALING JAYA (July 13): Mature industrial areas such as Shah Alam in Selangor are to see more redevelopment activities in the near future, said Knight Frank Malaysia executive director of capital markets Allan Sim.

KUALA LUMPUR (July 13): Former Ministry of Education (MoE) secretary-general Datuk Seri Alias Ahmad admitted today that no action was taken against Jepak Holdings Sdn Bhd, including lodging a police report against it, when officers and ministry discovered there were allegations of cheating and alterations of the contract it signed for a solar hybrid project for Sarawak schools.

KUALA LUMPUR (July 13): The Malaysian retail industry recorded a negative growth rate of 11.

KUALA LUMPUR (July 10): Tourist arrivals fell 36.

  SEREMBAN (July 10): Property developer Matrix Concepts Holdings Bhd said today it is confident of surpassing its sales target of RM1.

PETALING JAYA (July 10): Residents of Taman Tun Dr Ismail (TTDI) in Kuala lumpur are questioning the feasibility of the Draft KL Structure Plan 2040, as it is relying on estimates made by the Department of Statistics Malaysia (DOSM) made in 2018 and data from Census 2010.

KUALA LUMPUR (July 10): Khazanah Nasional Bhd is not discounting the possibility of a merger between Malaysia Airlines Bhd and AirAsia group, which consists of two listed entities — AirAsia Group Bhd and AirAsia X Bhd (AAX).

KUALA LUMPUR (July 9): The High Court today fixed Aug 7 to deliver its decision on whether to strike out the lawsuit filed by Tun Dr Mahathir Mohamad and five others against Prime Minister Tan Sri Muhyiddin Yassin over the termination of their memberships in Parti Pribumi Bersatu Malaysia (Bersatu).