KUALA LUMPUR: Excerpts of exclusive interview with 1Malaysia Development Bhd (1MDB) president and group executive director Arul Kanda. Question: Can you share a little bit more on 1MDB’s rationalisation plan? What is the company’s current liabilities and assets after it sold its 60 per cent stake in Bandar Malaysia? Answer: If we look back at … Read more
MALACCA, Jan 11 — The Malacca State Government and its agencies will upgrade and build several new buildings in the town centre to set up the Hang Tuah Trade Centre in a bid to boost economic activities in the area. Chief Minister, Datuk Seri Idris Haron, said the 30- 40-hectare project will be in the … Read more
CONSTRUCTION of affordable housing are among the focus of a five-year strategic plan which the Penang Development Corporation (PDC) has drawn up for 2016-2020. Chief Minister and PDC chairman Lim Guan Eng said the building of such homes would increase house ownership among the people. He said there would also be redevelopment of certain commercial, … Read more
JOHOR BAHRU: There are pockets of opportunities in the Johor property market, especially in Iskandar Malaysia, despite the challenging year ahead for property developers. Johor Real Estate and Housing Developers Association (Rehda) branch chairman Hoe Mee Ling said the association was cautiously optimistic on the market outlook for 2016 “but business remains as usual for … Read more
BATU PAHAT, Jan 7 — The Malay Chamber of Commerce Malaysia (DPMM) has been urged not to be influenced by opposition claims that the sale of 1Malaysia Development Bhd’s (1MDB) stake in Bandar Malaysia to a Chinese firm could sacrifice national sovereignty. In making the call, Johor Menteri Besar Datuk Seri Mohamed Khaled Nordin said … Read more
KUALA LUMPUR, Jan 7 — AmInvestment Bank has maintained its “overweight” call on the property sector following 1Malaysia Development Bhd’s (1MDB) proposed sale of a 60% equity stake in the Bandar Malaysia project. The research house noted that based on this recent development, it estimates the implied land value for the project to be RM583 … Read more
PUTRAJAYA: The 2016 Budget will be adjusted soon, taking into account the current global economic developments. Announcing this today, Prime Minister Datuk Seri Najib Razak said the strengthening of the US dollar, plummeting oil prices and major commodities, as well as the shrinking of major economies such as China, were among the factors taken into … Read more
PETALING JAYA: The whopping RM7.41bil price tag for the sale of 1Malaysia Development Bhd’s (1MDB) 60% stake in Bandar Malaysia is considered reasonable, based on the valuation of surrounding plots of land within the vicinity. In a research report, UOB Kay Hian Malaysia Research said the price paid by the purchasing consortium was “fair” given … Read more
The stunning Cotswolds property created by model and designer Jade Jagger is now on the market for the sum of £1.25million! Complete with chic white walls and white resin floors, this house is perfect for anyone who wants to live and breathe Jade’s effortless style. Built in 2008 as part of a new series of … Read more
KUALA LUMPUR: With the conclusion of its debt rationalisation plan, 1Malaysia Development Bhd (1MDB) can now heave a sigh of relief as it waits for the measures to take effect. With an initial debt amounting to RM42 billion, 1MDB began its six-month debt rationalisation plan in June last year which was expected to conclude by … Read more
You must be logged in to post a comment.