KUALA LUMPUR — Saying he knows their whereabouts, the Inspector-General of Police (IGP) promises he will guarantee the safety of fugitive Low Taek Jho, better known as Jho Low, and his family if they come back to Malaysia. Datuk Seri Abdul Hamid Bador said while the investigations into the 1Malaysia…
Category: News
Donald Trump Says Huawei Could ‘Possibly be Included’ in Deal to End Trade War
Huawei Technologies could be included in a trade deal between the United States and China, US President Donald Trump said on Thursday, adding there was “probably a good possibility” the two sides would ultimately be able to strike an agreement. Huawei is something that’s very dangerous US President, Donald Trump…
China-Malaysia Partnership to Boost Housing Industry
HUNAN — China can help Malaysia achieve its affordable housing goals by helping to transfer technology and train technical personnel. Housing and Local Government Minister Zuraida Kamaruddin said this during her recent visit to Sany Group (Sany) China and its factory in Changsha, Hunan province recently. The minister was accompanied…
Malaysia is No. 1 on Property Obsession in Southeast Asia
KUALA LUMPUR — Malaysia has topped the list as the most property-obsessed country in Southeast Asia. Globally, the country is fourth, behind UAE, USA and Taiwan. Malaysians spend an average 4.37 hours viewing properties The findings were derived from an online survey by HSBC, which find that Malaysians spend an…
Bank Negara Reduced OPR to 3% – The First Time in More Than 2 Years
KUALA LUMPUR — The Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) to 3% at its meeting on Tuesday. This was the first time since July 2016. It said the ceiling and floor rates of the corridor for the OPR are correspondingly…
The Biggest Shopping Mall in Shah Alam
If you have recently drove past between Shah Alam and Klang on Federal Highway, you may notice a shopping mall under construction in i-City. That mall, is set to become the biggest in Shah Alam. Even with that huge mall, only 40 per cent of the 13 million square foot…
Vizione Buys Over Joint Developer of RM111.3M Apartment Project on Jln Kuchai Lama
KUALA LUMPUR — Vizione Holdings Bhd is buying the entire stake in a property developer company that is jointly developing a block of serviced apartments called ‘The 216 Residences’ which carry an estimated gross development value of RM111.3 million, on a leasehold commercial plot located at Jalan Kuchai Lama here.…
SkyAwani Fully Taken Up
KUALA LUMPUR — SkyWorld CEO Datuk Ng Thien Phing believes that government assistance to reduce costs of construction would be helpful to create more affordable homes for the rakyat. He mentioned that reduction in terms of land cost, authority charges such as stamp duty, land premium charges, lease extension, authority…
MBPJ Seizes Items From Bandar Sri Damansara Homes Owing RM1.1m in Arrears
Petaling Jaya — Majlis Perbandaran Petaling Jaya (MBPJ) enforcement officers raided 500 homes in Bandar Sri Damansara belonging to people who owe RM1.1 million in unpaid assessments. The officers raided terraced houses, medium and luxury condominiums and confiscated goods on Feb 16 to recover the arrears which date back from…
Mah Sing Foresees a Time of Recovery
After a tough couple of years for Mah Sing Group Bhd, their 2018 full-year revenue and net income are forecast to be at a 5-year low, at best. Group managing director Tan Sri Leong Hoy Kum, however, sees the decline in annual property sales stabilising this year. “At the very…
