Bakke resigns from E&O board
In a filing with Bursa Malaysia, the property developer said Bakke's resignation, effective immediately, was "due to the cessation of Sime Darby Bhd as a major shareholder of the company".
PM announces whole of Malaysia under MCO from May 12 to June 7
"Based on the increasing trend of daily Covid-19 cases, the government has decided to take more drastic and stringent measures to curb the spread of Covid-19 infections in the community and prevent a sharp increase in cases," Muhyiddin said.
Malaysia records 3,807 new daily Covid-19 cases; Selangor tops list again
In a Twitter update, Health director-general Tan Sri Dr Noor Hisham Abdullah said Selangor topped the list again with most Covid-19 infections at 1,149, followed by Sarawak (649), Kelantan (329) and Kuala Lumpur (320).
MoH: Covid-19 patients take up 67% of govt hospital beds
540 out of 1,283 beds in intensive care units were occupied by Covid-19 patients, while 356 beds were used by non-Covid-19 patients.
Finance Ministry confirms 1MDB, SRC filed civil suits for a combined US$23b, as per The Edge report
The ministry said all proceeds from the 1MDB asset recovery efforts, including any future settlements, are deposited into the Asset Recovery Trust Account under the custody of the Accountant-General’s Department of Malaysia. However, these settlements will not affect or compromise Malaysia’s claims against other wrongdoers for the losses caused to 1MDB and SRC and that they will continue to be pursued through both the criminal and civil justice systems.
Gamuda, Putrajaya to benefit from highway trust proposal, says Kenanga Research
In a research note today, Kenanga highlighted that by undertaking the proposal, the government gets to save on toll compensations worth RM5.3 billion over the toll concessions’ remaining tenures while also indirectly help Gamuda raise PFI (private funding initiative) equity to jump-start the intended Mass Rapid Transit 3 (MRT 3) project.
Najib, Shahrol, Ismee and Ibrahim Ali among those named in 16 suits by SRC
The writ sighted by The Edge stated that in January 2019, SRC was placed under the new management under the Ministry of Finance (MoF) and thereafter it discovered that the former board of directors did not take any reasonable steps on the proper use of the RM4 billion Retirement Fund (Incorporated) (KWAP) loans, given in 2011 and 2012, for its general investment capacities and working capital.
1MDB files multibillion suits against Deutsche Bank, Coutts, JP Morgan, Wong & Partners and others
Also sued are individuals including former prime minister Datuk Seri Najib Razak, former Treasury secretary-general Tan Sri Mohd Irwan Serigar, as well as former 1MDB chief executive officers (CEOs) Datuk Shahrol Ibrahim Halmi and Arul Kanda Kandasamy, among others.
Analysts raise S P Setia target price on Tebrau land disposal
Kenanga Research’s Marie Vaz raised the stock to an "outperform" and increased its TP to RM1.19 from 94 sen prior on expectations that the deal will contribute to earnings for the financial year ending Dec 31, 2022 (FY22) and beyond.
1MDB and SRC file multibillion-dollar civil suits against those alleged to be responsible for fraud
Various claims were made against individuals like former premier Datuk Seri Najib Razak, former 1MDB office bearers like Tan Sri Che Lodin Wok Kamaruddin, and former chief executive officers (CEOs) of 1MDB Datuk Shahrol Azral Ibrahim Halmi, Arul Kanda Kandasamy and Mohd Hazem Abdul Rahman.
