News by theedgemarkets.com

“We have seen the PN (Perikatan Nasional) government taking action to reach a settlement with various parties, including Goldman Sachs and Riza Aziz. These settlements have raised many questions and concerns that Malaysia’s rights to the 1MDB-related assets have been jeopardised.”

It was reported that Rosmah, who is former prime minister Datuk Seri Najib Razak's wife, is accused of soliciting RM187.5 million from Jepak Holdings Bhd to help the firm secure a RM1.25 billion project to supply solar hybrid power to 369 schools in Sarawak.

In the office market, CBRE anticipates enquiry and inspection to be negatively impacted should stricter lockdown measures come into force.

It also noted that new sources of leasing demand will be limited in 2H2020 as most office occupiers will continue to prioritise operational resilience and are unlikely to commit to new leases unless they have upcoming lease expiries or especially urgent space requirements.

This is on top of the new stores that had opened in the mall during the RMCO (Recovery Movement Control Order) period — which began on June 10 and is supposed to end on Aug 31 — including the new Adidas flagship store, Brunello Cucinelli and Calia in June 2020; meanwhile, Dior and Karl Lagerfeld opened just last month (July 2020).

The two new cases today are the lowest daily figure of new cases recorded since July 16, when three new cases were reported.

During the cross-examination by defence counsel Wan Aizuddin Wan Mohammed today, Shahrol maintained that he was not aware of the schemes at the material time, but conceded that it was a fraud in hindsight.

The current alignment of the ECRL, which links Kota Baru to Port Klang, is slated to cost RM44 billion — or RM64 million per km. 

Speaking in the Dewan Rakyat today, Mohd Shahar said there was an additional RM9 billion GST refund claimed by businesses, on top of RM19.4 billion that had been claimed and processed previously.

“Daniel Lim will be responsible for the overall strategic development and direction of the property business and drive positive growth of one of Naza Group’s core businesses,” said Naza TTDI deputy executive chairman cum group managing director SM Faliq SM Nasimuddin in a statement today.

Najib had already been found guilty by the High Court of all seven charges of abuse of power, criminal breach of trust and money laundering in relation to RM42 million belonging to SRC International Sdn Bhd, a former subsidiary of 1MDB.