ZADC
Deloitte gets RM2.2m fine over 1MDB mess
With every passing day, the rubble caused by the 1MDB disaster seems to get thicker and thicker, with the casualty count still rising. The latest news on this front is that Deloitte PLT, one of the “big four” accounting firms in the world, has just been slapped with an... Read more
Local developers a priority at Bandar Malaysia
In a follow-up to an advertisement published in local dailies last week, the key entities behind the 486-acre Bandar Malaysia project in Sungei Besi have stated that locally-based companies will be their first priority in when seeking joint venture partners. The RM200 billion project is jointly helmed by Ministry... Read more
Bandar Malaysia goes ahead despite trouble
BY Roznah Abdul Jabbar With all the uncertainties surrounding 1Malaysia Development Bhd (1MDB), many are concerned about the future of Bandar Malaysia, a key project under 1MDB, which is envisioned to be the catalyst for the transformation of Greater Kuala Lumpur. The 486-acre Bandar Malaysia, to be built on... Read more
EcoWorld targets RM4b sales in 2016
Buoyed by strong sales so far this year and positive response to its maiden offering at the much-anticipated Bukit Bintang City Centre development, EcoWorld Development Group Bhd is confident that it will meet its sales target of RM4 billion in FY2016. According to the company, it has already garnered... Read more
Warisan Merdeka’s Phase 2 to commence in 2020
BY Roznah Abdul Jabbar With the first phase of highly-anticipated Warisan Merdeka project already underway, Permodalan Nasional Bhd (PNB) has now announced that the second phase could commence by as early as 2020. President and chief executive officer of PNB, Tan Sri Hamad Kama Piah, said the second phase... Read more
  If there is one word to describe the current market condition, it is “bewildering”. This was voiced by the past president of Malaysian Institute of Estate Agents, Siva Shanker, at the 2016 Malaysian Annual Real Estate Convention held in Connexion @ Nexus last week. Speaking on how to... Read more
Rehda sees improved sentiments for 2H 2016
  BY Kent tan Some rays of hope are beginning to shine through the gloom permeating the current economic climate. The optimism was revealed in the Property Industry Survey 2H 2015 and Market Outlook for 2016 by the Real Estate and Housing Developers’ Association (Rehda). Held at the Sunway... Read more
1MALAYSIA Development Bhd (1MDB) has appointed a Dubai-based banker, Arul Kanda as President and Group Executive Director with immediate effect, the company announced this week. Chairman of 1MDB, Tan Sri Datuk Seri Lodin Wok Kama­ruddin said the appointment is part of a transition plan. “Arul succeeds Mohd Ha­zem Abd Rahman,... Read more