News by theedgemarkets.com

Testifying in Rosmah's graft trial, Rayyan Radzwill Abdullah agreed with defence lawyer Datuk Akberdin Abdul Kader that the idea of a political donation to the prime minister had been proposed by Rosmah's aide Datuk Rizal Mansor.

Defence counsel Wan Aizuddin Wan Mohamad referred Shahrol to the projections made by Leissner, together with 1MDB legal officer Jasmine Loo and fugitive Low Taek Jho, or Jho Low, on the profits that would be made after 1MDB acquired the power assets.

However, Shahrol maintained that he was not a party in those discussions and as such, was not involved in making the "overpriced" projections.

The group announced that Nadi Embun Sdn Bhd (NESB), which is a 70%-owned subsidiary of Nadi Cergas Development Sdn Bhd that is in turn 70%-owned by Gagasan Nadi Cergas, has entered into a development rights agreement (DRA) with MBI to develop the freehold land in Serendah. The land would be developed into 108 units of two-storey terrace houses and 40 units of Rumah SelangorKu (RSKU) townhouses.

Five new Covid-19 cases as of noon today, one case involved a foreigner in Kuching, Sarawak.

Justice Collin Lawrence Sequerah: I understand that he has his duty, but I have my duty too. I say that trial continues tomorrow from 9.30am to 4.30pm with the usual lunch break.

Making the accusation during cross-examination at the 1MDB-Tanore trial in the High Court, Wan Aizuddin Wan Mohamad suggested that Shahrol had colluded with Goldman to value businessman Tan Sri Ananda Krishnan's power asset Tanjong Energy at a high price, given that the bank would be paid in terms of percentage of the deal.

“Datuk Rizal Mansor (Rosmah’s aide) brought us to a living area with a green sofa. Shortly after, I saw Saidi’s driver Shamsul enter the house carrying two black bags with orange stripes and placed them at the side of the sofa.”

Knight Frank Malaysia: We expect to see more creative ideas and trends that embrace technological innovations in the retail industry. The short-term outlook for the sector remains cloudy but there are windows of opportunities in the mid to longer term with the right data, key insights and value.

Asked if there will be any delay, given that Singapore is currently forming its cabinet, Transport Minister Datuk Seri Wee Ka Siong said it is not a concern as "Singapore will form their cabinet very soon".

Up to June 2020, the amount of losses faced by the sector stands at around RM44 billion, said Datuk Seri Nancy Shukri, comprising RM31 billion loss from international tourists and RM13 billion from domestic tourists.