KUALA LUMPUR (Aug 8): MK Land Holdings Bhd (KL:MKLAND) said on Thursday it has reached a settlement with the tax authority that would cut the additional bills and penalty imposed on its unit by nearly 85%. Under the settlement agreement with the Inland Revenue Board, the taxes payable by Saujana Triangle Sdn Bhd would be…
Read MoreKUALA LUMPUR (Aug 8): The Attorney General’s Chambers (AGC) on Thursday filed a notice of appeal against the High Court’s decision requiring the government to return 263.72 acres (106.72 hectares) of land known as the ‘Duta enclave’ to the liquidator of Semantan Estate (1952) Sdn Bhd. “Yes, it was filed this afternoon (Thursday),” said senior…
Read MoreKUALA LUMPUR (Aug 8): The preference for owning expensive cars and maintaining a lifestyle beyond their means is preventing millennials from investing in homeownership. Their level of awareness of the importance of owning a home is low as they do not consider it a priority, according to an expert interviewed by Bernama. Universiti Sains Islam…
Read MoreKUALA LUMPUR (Aug 9): UEM Sunrise Bhd (KL:UEMS) collaborated with social enterprises under the Ministry of Entrepreneur and Cooperatives Development to hold a ‘Waste to Wonder’ community programme in July, according to a press statement on Friday. The statement highlighted that the ‘Waste to Wonder’ programme aims to promote sustainable waste management practices and environmental…
Read MoreKUALA LUMPUR (Aug 8): Tesla has never committed to opening a factory in Malaysia, said Minister of Investment, Trade, and Industry Tengku Datuk Seri Zafrul Tengku Abdul Aziz. (pictured) In a post on X, formerly known as Twitter, Tengku Zafrul explained that the Ministry of Investment, Trade and Industry (MITI) had engaged in discussions with…
Read MoreKUALA LUMPUR (Aug 7): Tesla Inc has scrapped plans to set up factories in Malaysia, Thailand, and Indonesia, and the US electric car maker will focus solely on charging stations, Thai online news portal The Nation reported on Wednesday. “Tesla is currently only discussing charging stations, with the factory plans suspended not just in Thailand…
Read MoreKUALA LUMPUR (Aug 8): The Attorney General’s Chambers (AGC) said it will appeal the High Court decision ordering the government to transfer 263.27 acres of land known as the “Duta enclave” to Semantan Estate (1952) Sdn Bhd. “The AGC, representing the Federal Territory Land Registrar, will file the appeal in the Court of Appeal and…
Read MoreMadani housing blocks requirement will cause further increase in free market prices, says REHDA “We are committed to provide affordable housing, but the focus should be on the right location, as some areas require more affordable housing units, while some require less due to the weak demand in those areas. There should be more targeted…
Read MoreKUALA LUMPUR (Aug 8): Real estate developer I-Bhd (KL:IBHD) said on Thursday its net profit tripled in the second quarter from a year earlier, thanks to a turnaround of its leisure business and higher property investment income. Net profit for the quarter ended June 30, 2024 (2QFY2024) was RM5.45 million, compared with RM1.82 million for…
Read MoreKUALA LUMPUR (Aug 8): International players continue to enter the Malaysian industrial market, driven by the global supply chain diversification strategy known as China Plus One, according to JLL Malaysia’s 2Q2024 Greater Kuala Lumpur Property Market Monitor, which was launched on Wednesday. This strategy aims to reduce dependence on China by diversifying sourcing and production…
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