News by theedgemarkets.com

Former prime minister Datuk Seri Najib Razak had used part of the US$3 billion raised by 1Malaysia Development Bhd (1MDB) — initially intended for the development of the Tun Razak Exchange (TRX) — to acquire land in Ayer Itam, Penang as part of Umno’s campaigning leading up to the 2013 General Elections (GE13), the High Court heard today. According to former 1MDB chief executive officer Mohd Hazem Abdul Rahman, who is currently testifying as the 10th prosecution witness in the 1MDB-Tanore trial, the land was to be utilised to build an affordable housing development.

T7 Global said the duration of the contract is 78 weeks, commencing from Sept 9, 2020 until March 8, 2022.

LBS Bina Group Bhd (LBS) has unveiled affordable landed homes Ritma Perdana, the fourth phase of township Alam Perdana in Selangor. Due to encouraging response to its previous phases in the township, LBS pushes forward with the new phase, which has a gross development value (GDV) of RM611 million.

Former aide to Datin Seri Rosmah Mansor, Datuk Rizal Mansor today admitted in High Court that he personally received close to RM1 million by Jepak Holdings Sdn Bhd former managing director Saidi Abang Sammsudin, who also sponsored an umrah pilgrimage Rizal and his family embarked on in 2016.

Last week, Najib’s lawyer Tan Sri Shafee Abdullah said that 24 pages out of the over 100 pages containing Mohd Hazem's witness statement were hearsay and should be inadmissible in court.

Of the 47 new cases, two were imported cases and the other 45 were local transmitted infections. Thirty-one cases were recorded in Sabah, whereby 22 cases were from the Benteng Lahad Datu (LD) cluster. Meanwhile, 13 new cases were recorded from the Tawar cluster in Kedah.

In Sabah, 44 of the new 48 cases came from the Benteng Lahad Datu cluster involving 21 foreigners, while another three cases came from a newly detected Laut cluster.

This comes barely six months after the hilltop casino operator announced in March that it would be injecting US$40 million (RM174.8 million then) into Empire Resorts, via a subscription agreement for Empire Resorts' Series G Preferred Stocks.

So far, 337 individuals have been found positive under this cluster, which involves two districts — Tawau and Lahad Datu, from a total of 2,837 individuals who have been screened; 1,584 are still awaiting their test results while 916 have been found negative.

Following this hike, active cases breached the 500-mark today, with 501 active cases. The last time Malaysia recorded more active cases was on June 17 with 521 cases.