News by The Edge

Usually, the ministry would not need to seek information from the company applying for the loan.

Witness Afidah Azwa Abdul Aziz (pictured), who is the deputy secretary at the Ministry of Finance's strategic investment division, also told the court that SRC was seen defaulting its loan payments in 2015, 2016 and 2017, and it had to obtain a loan from the government to prevent an event of default.

Rosmah was here in court to attend her case mention for a money laundering charge at another High Court before Justice Mohamed Zaini Mazlan.

Jesselton Duty-Free is located at the ground floor of Jesselton Mall. 

WSJ identified them as a UAE citizen who once led Abu Dhabi’s IPIC, and an American who ran a subsidiary of IPIC.

“But moving forward, we will see some light at the end of the tunnel after the revival of ECRL and Bandar Malaysia."

The MGO, at RM3.75 a share, was concluded yesterday with YTL Cement acquiring an additional 220.72 million shares or 25.98% of Lafarge.

“The instructions were for RM1.5 billion of the RM2 billion fund to be transferred to a bank in Switzerland and another RM300 million to a bank in Hong Kong."

The contract also includes associated works for the DTFZ development at the KL International Airport, Sepang, Selangor – Main Distribution Substation.

This follows a successful cost rationalisation exercise involving overpriced megaprojects and public-private partnership (PPP) payments.