News by THEEDGEMARKETS.COM

In Penang, Paramount will be also launching the third phase of its Utropolis Batu Kawan project, with an estimated GDV of RM240 million.

The property comprises a 43,560 sq ft leasehold land, together with a four-storey building and a three-storey annex with built-up floor area measuring 67,035 sq ft.

IJM Corp said its wholly-owned unit, IJM Construction Sdn Bhd (IJMC), received the notice of termination from the LRT3 turnkey contractor, MRCB George Kent Sdn Bhd (MRCBGK), yesterday.

Datuk Maliami Hamad, who was the ministry’s secretary (management, loan, capital market and actuarial) before he retired, said he was instructed by his superior, MoF’s secretary-general Tan Sri Wan Abdul Aziz Wan Abdullah, to process the former 1Malaysia Development Bhd (1MDB) subsidiary’s government guarantee application, after receiving instruction from “top people” during cross-examination by lead defence counsel Tan Sri Shafee Abdullah.

"The Malaysian economy grew within expectations in the first quarter of the year, supported by both domestic and external factors. Looking ahead, while the external sector performance is likely to be weighed down by slower global growth and trade tensions, economic growth will be supported by domestic demand."

"This is in line with the presumption of innocence and Article 5(1) of the Federal Constitution."

Lim said the congestion charge will pay for the bonds issued to finance the proposed takeover of four Klang Valley highways — the LDP, Sprint, Kesas and SMART Tunnel — for RM6.2 billion.

... 10 months after it was terminated.

However, the loan was disbursed months before the government guarantee was given.

Sequerah said the court is concerned with the undue prolonging of the case as OBYU's lawyers had wanted to fix a date in August.