News by theedgemarkets.com

The trial was supposed to continue this morning with former 1MDB CEO Mohd Hazem Abdul Rahman.

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The trial involving 40 charges of bribery against Zahid commenced here earlier today and is scheduled to go on for at least 16 days until the end of June. 

"Investments in commercial properties will also be reliant on property and financial incentives."

Some of its offerings may not be available during this period.

She is scheduled to case manage the 1MDB suit via video-conferencing herself on June 4.

Selangor reported 2,049 newly infected individuals, the highest among states and federal territories across the country.

The analysts expect this news (on stricter MCO rules) to dampen near-term sentiment and will be negative for recovery play stocks - banks, auto, property, construction and tourism-related plays) on concerns of earnings risks in the near term. 

Cagamas president and chief executive officer (CEO) Datuk Chung Chee Leong said the RM700 million issuance was concluded via private placement, while the second tranche of RM800 million was conducted via a book-building exercise, which was upsized to RM800 million from an initial size of RM500 million.

Tan Sri Lim Kok Thay said these disposals are in line with the streamlining exercises undertaken by the group to focus on cruise-related business, which will continue to be the major contributor to the group’s results of operations.