Sime Darby open to selling E&O stake, says CEO
“The answer is yes if we get a good offer,” group CEO Datuk Jeffri Salim Davidson said at a press conference today on Sime Darby’s latest quarterly results.
Malaysia will look for ways to access Remdesivir if antiviral drug proven effective against Covid-19
This is because Malaysia is excluded from the voluntary licensing agreement for generic versions of the drug, Noor Hisham said at his daily press briefing on the Covid-19 situation in Putrajaya today.
Genting Malaysia loses RM417.9m in 1QFY20
Adding to the woes, the casino operator recognised a loss of RM100.1 million relating to its stake in financially stressed Empire Resorts Inc, a casino it acquired from controlling shareholder Tan Sri Lim Kok Thay last year.
Sime Darby Prop 1Q profit down on lower property development income, higher finance costs
Earnings for the quarter were also hit by higher finance costs and higher share of losses from non-controlling interests, the group said in an exchange filing.
SunCon’s 1Q net profit falls 47% on MCO impact, but group optimistic on prospects
Revenue in the first quarter ended March 31, 2020 dropped 17% at RM365.83 million from RM440.04 million a year ago.
Covid-19: 34 of 50 new cases today linked to new KL cluster
Of the 47 cases of local transmissions, 41 cases involved migrant workers with 34 linked to a new cluster at the Bukit Jalil immigration detention depot here, said health director-general Datuk Dr Noor Hisham Abdullah in his daily statement.
Shahrol says he can't comment on whether Najib was involved in PSOSL deal
Shahrol was responding to Najib’s counsel Tan Sri Muhammad Shafee Abdullah’s suggestion that the events from 1MDB’s initial investment into the 1MDB-PSI joint venture up to the sale of the stake in PetroSaudi Oil Services Ltd (PSOSL) was a purposely planned and elaborate scam.
Residential and commercial lots in mixed developments without strata title must be charged same maintenance rates, court rules
This follows the Federal Court three-member bench led by Court of Appeal president Datuk Rohana Yusuf upholding the Court of Appeal’s decision on the matter after it denied JMB Menara Rajawali and Denflow Sdn Bhd permission to appeal the decision.
Shahrol: Jho Low gave my famous nasi goreng to Najib and the ex-PM liked it
Replying to defence lawyer Tan Sri Shafee Abdullah, Shahrol said he trusted Jho Low because he believed the financier had absolute access to then prime minister Datuk Seri Najib Abdul Razak.
PMO: Corporate liability under MACC Act to be enforced from June 1
In a statement, the Prime Minister's Office (PMO) said the section, which was gazetted on May 4, 2018, is in relation to the enforcement of the principle of corporate liability involving commercial organisations.
