News by theedgemarkets.com

"... none of the monies or properties had been distributed to date ..."

The weaker hotel segment was caused by the weakening of the Australian dollar against the ringgit, the REIT said, noting revenue and net property income from its Australian properties had improved due to continuous improvement in room sales subsequent to the completion of refurbishment of Brisbane Mariott, as well as operational efficiency and cost savings.

Paramount group chief executive officer Jeffrey Chew said Paramount will intensify its efforts and resources into growing its core business of property development, which contributes 75% of the group’s revenue.

This fall comes as revenue contracted 22% on year to RM485.94 million from RM626.02 million, as the majority of the group’s existing projects are at their initial stages.

Some of Malaysia's popular water parks include Sunway Lagoon, Lost World of Tambun, Legoland Water Park and Adventure Waterpark Desaru Coast.

Azlan Shah Jeffril, 49, whose company Profound Radiance Sdn Bhd was appointed by the ministry to run and manage one-stop centres (OSCs) for foreign visa applicants in a few countries, testified that a sum of RM2 million he had given to Zahid personally was for charity work and political donation.

The source from the Attorney General’s Chambers (AGC) confirmed that the IRB has discharged Naban, whose full name is Palpanaban Devarajoo, as its lawyer in the case.

Razak Osman, 52, is the eighth and latest witness in Datin Seri Rosmah Mansor's graft trial, which enters its 10th day.

The ministry's deputy secretary-general (management) Datuk Othman Semail said he had advised the former premier against the project as he had doubts over the ability of Jepak — a transport and car rental firm — to undertake the RM1.25 billion project.

In a statement today responding to recent social media posts, UJ said Lim was not involved in the decision-making for the above restructuring exercise or any decision that pertains to UJ.