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New Straits Times
3 days ago
- Business
- New Straits Times
[UPDATED] 'Tan Sri' among new arrests in ponzi crackdown under Op Northern Star
KUALA LUMPUR: Three more individuals, including a "Tan Sri" linked to a major real estate developer, were arrested to assist police investigations into a Ponzi-style investment scam under Op Northern Star. Commercial Crime Investigation Department acting director Datuk Seri Muhammed Hasbullah Ali said the trio were arrested between May 1 and May 17, following new information obtained during the course of investigations. "As of now, the information gathered found no links to any politician. "To date, a total of 17 individuals were arrested. "The arrests were made around Kuala Lumpur and Penang," he told a press conference here today. The three suspects were remanded for between five and nine days, and were subsequently released on police bail. Police have confiscated 477 properties valued at an estimated RM150 million, four condominium units worth around RM12 million, and RM326,088,127.11 from 37 bank accounts. Additionally, four yachts and three passenger boats valued at RM36.3 million, three luxury vehicles amounting to RM637,100, and two watches worth a total of RM160,000 were also seized. Police further recovered over RM283,000 in cash and five mobile phones, bringing the total value of items seized since the operation began to over RM3.8 billion. Bukit Aman's Anti-Money Laundering Crime Investigation (AMLA) Unit also seized five businesses, including a durian farm, a real estate development company, and a hotel — bringing the total number of businesses seized to eight. "Some of these companies are publicly listed, some are private companies which are operating legally even," he explained. Op Northern Star is an investigation into a Ponzi-type investment scam linked to Mobility Beyond Imagination (MBI). On 22 April, police seized and froze more than RM338.53 million in assets related to the case. On 11 April, four men with "Datuk" titles, including two lawyers, were among eight people arrested in the same probe
IOL News
16-05-2025
- Business
- IOL News
Exploring the South African property market: What R1. 3million can secure?
The average price of a house is now just shy of R1.3 million after prices increased 2.54%, with the cost of a deposit now at R216,088 – just short of 10% of the cost of a home. In Greenside, a leafy suburb just to the north of the Johannesburg CBD, R1m will get you a maximum of two bedrooms, a similar search result as in Edenvale in the east. Florida, in the west, will secure you a house with as many as three bedrooms, while the south of Johannesburg, Kibler Park, offers more value than Greenside and Edenvale, but not as much as in Florida. In Durban, a three-bedroom home can be had in Bellair for under R1m, while this size house will be R1.25m in Bluff. For about half that, you can get a 1 bedroom apartment on South Beach. Home prices are rather dependent on location, and R1.3m in Cape Town will secure a buyer a home with anywhere between one and two bedrooms, depending on whether it's in Observatory or in Belhar, for example. The average price of a house is now just shy of R1.3 million after prices increased 2.54%, with the cost of a deposit now at R216,088 – just short of 10% of the cost of a home. Image: Karen Sandison / Independent Newspapers According to MyProperty Home Loans, first-time buyers continue to lead activity in the home loan market, accounting for 67.77% of all bond approvals in April 2025. This reflects a slight decline from 67.82% in April 2024. MyProperty's data follows that of FNB's, which released its House Price Index (HPI) for last month earlier this week. FNB's statistics found that there was an average price gain of 2.2% year-on-year in April, which is the fastest pace at which housing has become more expensive in two years. Statistics South Africa's General Household Survey shows a typical household has 3.2 members. Over 75% of homes have four to five members or fewer, while only 13% have six or more members. MyProperty Home Loans also noted that the approved bond rose by 0.75% to R1,046,110. 'The South African property market in April 2025 reflects a cautious but steady recovery, with home loan data pointing to modest price growth and improving sentiment among buyers,' it said. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ According to the FNB House Price Index, home values increased by 2.2% year-on-year—marking the fastest growth in nearly two years. Despite this positive development, transaction volumes remain around 16% below pre-pandemic levels, suggesting that while buyer confidence is improving, overall market activity is still subdued. In 2023, South Africa's residential property market comprised 6.91 million properties and was valued at R6.789 trillion, City Mark data indicates, the latest information available to IOL. However, bond approval from applicants' own banks declined from 53.01% to 51.67%, indicating that buyers are increasingly shopping around for better deals, a trend that aligns with broader shifts toward financial caution and value-seeking behaviour, said MyProperty Home Loans. 'Overall, the data points to a market where affordability remains top of mind for buyers, especially first-time entrants. While deposits are growing, the willingness of banks to extend high loan-to-value ratios and slightly better interest rates is helping to keep the market accessible. "With expectations of further interest rate relief and potential changes to property-related policy, market conditions may continue to improve through the remainder of the year,' said MyProperty Home Loans. IOL
IOL News
16-05-2025
- Business
- IOL News
Exploring the South African property market: What R1. 3million can secure?
The average price of a house is now just shy of R1.3 million after prices increased 2.54%, with the cost of a deposit now at R216,088 – just short of 10% of the cost of a home. In Greenside, a leafy suburb just to the north of the Johannesburg CBD, R1m will get you a maximum of two bedrooms, a similar search result as in Edenvale in the east. Florida, in the west, will secure you a house with as many as three bedrooms, while the south of Johannesburg, Kibler Park, offers more value than Greenside and Edenvale, but not as much as in Florida. In Durban, a three-bedroom home can be had in Bellair for under R1m, while this size house will be R1.25m in Bluff. For about half that, you can get a 1 bedroom apartment on South Beach. Home prices are rather dependent on location, and R1.3m in Cape Town will secure a buyer a home with anywhere between one and two bedrooms, depending on whether it's in Observatory or in Belhar, for example. The average price of a house is now just shy of R1.3 million after prices increased 2.54%, with the cost of a deposit now at R216,088 – just short of 10% of the cost of a home. Image: Karen Sandison / Independent Newspapers According to MyProperty Home Loans, first-time buyers continue to lead activity in the home loan market, accounting for 67.77% of all bond approvals in April 2025. This reflects a slight decline from 67.82% in April 2024. MyProperty's data follows that of FNB's, which released its House Price Index (HPI) for last month earlier this week. FNB's statistics found that there was an average price gain of 2.2% year-on-year in April, which is the fastest pace at which housing has become more expensive in two years. Statistics South Africa's General Household Survey shows a typical household has 3.2 members. Over 75% of homes have four to five members or fewer, while only 13% have six or more members. MyProperty Home Loans also noted that the approved bond rose by 0.75% to R1,046,110. 'The South African property market in April 2025 reflects a cautious but steady recovery, with home loan data pointing to modest price growth and improving sentiment among buyers,' it said. According to the FNB House Price Index, home values increased by 2.2% year-on-year—marking the fastest growth in nearly two years. Despite this positive development, transaction volumes remain around 16% below pre-pandemic levels, suggesting that while buyer confidence is improving, overall market activity is still subdued. In 2023, South Africa's residential property market comprised 6.91 million properties and was valued at R6.789 trillion, City Mark data indicates, the latest information available to IOL. However, bond approval from applicants' own banks declined from 53.01% to 51.67%, indicating that buyers are increasingly shopping around for better deals, a trend that aligns with broader shifts toward financial caution and value-seeking behaviour, said MyProperty Home Loans. 'Overall, the data points to a market where affordability remains top of mind for buyers, especially first-time entrants. While deposits are growing, the willingness of banks to extend high loan-to-value ratios and slightly better interest rates is helping to keep the market accessible. "With expectations of further interest rate relief and potential changes to property-related policy, market conditions may continue to improve through the remainder of the year,' said MyProperty Home Loans. IOL
Hype Malaysia
04-05-2025
- Lifestyle
- Hype Malaysia
Surprise Your Mother With The Perfect Mother's Day Gift From BONIA, Pandora & More!
This Mother's Day, show your mother just how extraordinary she is with a gift that speaks from the heart. As we celebrate the most important woman in our lives, why not go beyond the usual flowers and chocolates? Whether she's a watch and jewellery collector, a skincare and makeup enthusiast, or simply loves a touch of luxury, there's something out there to show just how much you appreciate her. From exquisite beauty tools to elegant timepieces, brands like Bonia, Pandora, and Dyson have just what you need. Here's our curated list of Mother's Day gifts that are sure to make her smile: BONIA The BONIA Cristallo BNB10853 has arrived, and it's ready to steal the spotlight. This sparkling tribute to women celebrates the confidence and charm in every wearer, making it a truly thoughtful gift for the most glamorous woman in your life this Mother's Day. Available in six captivating colour variations, each timepiece in the collection exudes its own distinctive allure. You can find BONIA Timepieces at BONIA boutiques, Solar Time retail stores, , and select fine watch retailers across the country. Prices for this elegant collection range from RM1,088 to RM1,288. Dyson Dyson is unveiling a stunning new bespoke colourway across its beauty device range, inspired by the rich hues of the Jasper plum gemstone. Timed perfectly with Mother's Day, this launch pays tribute to the strength, individuality, and power of the women we hold dear — qualities beautifully symbolised by the rare purple jasper that inspired the collection. The limited-edition Jasper plum colourway is featured on the Dyson Airwrap multi-styler and dryer, the Dyson Supersonic Nural hair dryer, and the Dyson Airstrait straightener. The Dyson Supersonic Nural hair dryer (RM2,399) and Airwrap multi-styler (RM2,899) in Jasper plum are now available at Dyson Demo Stores and while the Airstrait straightener (RM2,599) will be available soon. Sephora This Mother's Day, Sephora presents a curated selection of beauty must-haves, perfect for the on-the-go mum. Featuring the KRAVEBEAUTY Oat So Simple Cream (RM145/RM262), OUAI Leave-In Conditioner in St. Barts (RM155), and Anastasia Beverly Hills Impeccable Blurring Foundation (RM206), these picks are designed to pamper her with ease and elegance. For the mum who adores a touch of luxury, treat her to something truly indulgent this Mother's Day. Guerlain's Aqua Allegoria Rosa Verde (RM560 for 75ml/RM773 for 125ml/RM927 for 200ml refill) offers a sophisticated scent she'll treasure, while Oribe's Serene Scalp Densifying Treatment Spray (RM391 for 125ml) adds a dose of opulence to her haircare routine. And for the fashion-forward mum, Sunglass Hut's latest trendy collection makes the perfect statement accessory, effortlessly stylish and right on cue. All products are available to purchase at Sephora stores or online at Pandora Pandora debuts a new Mother's Day collection for 2025. Motherly love comes in many forms, so to capture the powerful feeling of motherhood in all its multifaceted expressions, Pandora presents a selection of designs that honour the deep connection shared between anyone who resembles a mother and the recipient of their love. To capture this interconnected concept, a new motif surfaces: the unbreakable bond symbol. The Unbreakable Bonds collection are available to purchase now at Pandora store or Ralph Lauren Ralph Lauren unveils a curated selection of gifts from the World of Ralph Lauren to celebrate Mother's Day with pieces she will always cherish. The Mother's Day Gift Guide features the Ralph Lauren Collection The Ralph handbag series, inspired by vintage car interiors and crafted with Italian precision; the Adrien Embellished Shirt and the signature Parker Cashmere Jacket. The Ralph Lauren Mother's Day gift guide is currently available for purchase in-store and online at starting April 2025.
The Star
01-05-2025
- Business
- The Star
Top 20 most expensive cities in the world
It's not surprising that Monaco is the most expensive place to live in as it is very popular with the world's super wealthy. — Pixabay France is famous for croissants, high-end cuisine, a rich and diverse cheese offering, as well as varied landscapes, which makes it a desirable vacation setting for visitors from all over the world. In 2024, more than 100 million tourists paid a visit. In terms of visitor numbers, France ranked once again in 2024 as the world's leading tourist destination. But France is also attractive to the ultra-wealthy, as indicated by the numerous ultra-luxurious villas, houses and apartments. A new report by Henley & Partners, which looks at migration patterns of the ultra-wealthy and assesses the preferences of the world's richest individuals to understand where they settle, reveals the country's considerable appeal among this demographic. For instance, while Paris is behind Monaco, New York, Hong Kong and London in terms of most expensive city per square metre, France stands out as the country with the highest number of cities/towns with the highest prices per square metre in the world. Saint-Jean-Cap-Ferrat, very close to Nice on the French Riviera, ranks fifth in this list of the most expensive destinations on the planet. The price per square metre is estimated at US$21,200 (RM93,088). The beautiful Mediterranean city outranks other wealthy celebrity havens such as Palm Beach, Miami Beach and Los Angeles in the United States. According to Henley & Partners, France has the most expensive cities in the world. There is no shortage of examples: Paris is 6th, Nice 13th, Cannes 15th, Antibes 18th and the small village of Eze 20th. Indeed, this reveals a concentration of wealth on the Cote d'Azur, not far from the Italian border. And unsurprisingly the city that tops the ranking, Monaco, is in this same geographical area. The price per metre outstrips the other destinations at US$38,800 (RM170,360). Note that this ranking has been established based on the real estate value of the destinations analysed. When the concentration of the largest fortunes is taken as the metric, the podium becomes quite different, with New York and the Bay Area (which includes San Francisco and Silicon Valley) in the US, and Tokyo in Japan coming in as top cities for millionaires. – AFP Relaxnews Top 20 most expensive cities in the world Monaco New York (US) Hong Kong London (England) Saint-Jean-Cap-Ferrat (France) Paris (France) Sydney (Australia) Palm Beach (US) Miami Beach (US) Los Angeles (US) Singapore Geneva (Switzerland) Nice (France) Portofino (Italy) Cannes (France) Tokyo (Japan) Lugano (Switzerland) Antibes (France) Porto Cervo (Italy) Eze (France)
