KUALA LUMPUR (March 19): Developer YNH Property Bhd, which recently made headlines over several delayed disclosures of its business operations, has appointed Messrs Morison LC Malaysia as its new external auditor. Morison LC Malaysia has been appointed for the financial period ending June 30, 2024, and will hold office until the conclusion of the next…
Read MoreKUALA LUMPUR (March 19): The Public Accounts Committee (PAC) attributed the loss of RM3.19 million in land lease revenue from St Regis Langkawi Hotel to Langkawi Development Authority’s (Lada) failure to conclude the land lease agreement with the operator of the property. In a statement, PAC chairman Datuk Mas Ermieyati Samsudin (pictured) revealed that following…
Read MoreKUALA LUMPUR (March 19): The Ministry of Natural Resources and Environmental Sustainability is conducting a study on the National Carbon Market Policy, slated for completion next year, the Dewan Rakyat was told on Monday. Minister Nik Nazmi Nik Ahmad (pictured) said the policy seeks to support the adoption of both compliance and voluntary carbon market mechanisms in Malaysia, thus…
Read MoreKUALA LUMPUR (March 19): The government, via Bank Negara Malaysia (BNM), has taken a prudent and cautious approach to addressing household debt risks to ensure that there will be no negative effects on the stability of the country’s financial system. Deputy Finance Minister Lim Hui Ying said the government is aware of the risks associated…
Read MoreKUALA LUMPUR (March 19): Malaysia is one of the few countries that are not expected to cut its interest rates this year, according to the Malaysian Rating Corp Bhd (MARC). This presents a “positive counterweight narrative to Malaysia’s comparatively low interest rates” when compared to median interest rates of 9.25% in the Americas, 5.25% in…
Read MoreIn today’s digital age, the act of entrusting our personal information to websites and online platforms has become a routine yet profound decision, echoing the sentiments of taking a leap of faith. It is a lot like taking a ride in an autonomous vehicle where you have to place your trust in the hands of…
Read MoreKUALA LUMPUR (March 19): The Ministry of Transport (MOT) takes note of views or studies regarding the Kuala Lumpur International Airport (KLIA) as reference and advice in improving services at the airport, said Transport Minister Anthony Loke Siew Fook. (pictured) He said the MOT knows there are some weaknesses at KLIA, but the ministry will…
Read MoreWhy are buyers being delivered purportedly completed houses that cannot be occupied because there is no actual supply of running water and electricity? This delivery of vacant possession (VP), under the Housing Development (Control and Licensing) Act 1966, has been a perennial poser for purchasers. Under the Act, read together with the Housing Development (Control…
Read MoreKUALA LUMPUR (March 19): Eversendai Corp Bhd, which announced last week that it had secured four new contracts worth an aggregate RM5.4 billion and saw its shares surge over 70% after that, provided more details about the projects on Monday. It disclosed via a bourse filing the names of the companies that awarded the jobs,…
Read MoreKUALA LUMPUR (March 18): The Malaysian Institute of Architects (PAM) has expressed its support towards the Ministry of Housing and Local Government’s initiative to introduce the Urban Redevelopment Act. PAM president Abu Zarim Abu Bakar (pictured) in a press statement on Monday said that the current consent requirement of 100% from building owners had been…
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