News by theedgemarkets.com

The ministry said the Sarawak government under GPS is a responsible government that has always been practicing and upholding the principle of a disciplined and responsible financial management.

"Cement prices in Sarawak that are markedly higher than in Peninsular Malaysia should be further examined to determine whether it is caused by monopolistic practices of local industry players in Sarawak.”

Tropicana said the proceeds are intended to be used to refinance existing financing or debt obligations, or to finance working capital requirements, investments, capital expenditure or general corporate purposes of the group.

ABM added that potential individual house buyers are also encouraged to join Agensi Kaunseling and Pengurusan Kredit (AKPK)’s RUMAHKU, a free online financial education module on home loans available.

The acquisition deal is valuing the four concessionaires at the enterprise value (EV) of RM6.2 billion.

Goldman Sachs was the advisor for the issuance of US$6.5 billion in bonds issued by 1MDB for fees of US$600 million.

Its subsidiary received a LoA from Idaman Putrajaya Sdn Bhd to undertake refurbishment works at the Pullman Putrajaya Lakeside Hotel.

MACC chief commissioner Latheefa Koya said the suit was filed under section 56 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA) at the High Court, which has set four dates for the case, namely June 25 followed by July 10, 24 and 31 this year.

"We will rely more on the documentary evidence which had been admitted by the High Court in the former premier's RM42 million SRC trial, without calling all the witnesses."

She said these funds were disbursed via an AmBank account opened under Najib.