News by The Edge

“If the arrest had been undertaken anywhere else in the world, the cost would have been two to three times more. Further, no commission is also payable to the broker because it is a directly negotiated sale,” said the AG.

“The Malaysian economy’s fundamentals are strong and robust, and we remain confident of the country’s resilient growth trajectory,” he said in a statement yesterday.

SDP claimed it had written to Melaka Chief Minister Adly Zahari several times — specifically on Oct 29, Nov 13, and March 25 this year — to appeal against the state-compelled acquisition. But there has been no reply from Adly’s office.

Dr Mahathir has made it clear that Malaysia is supportive of BRI as this cooperation gives equal treatment to all participating countries, regardless of the size of the country’s economy and population.

It has inked two separate agreements, namely a memorandum of understanding (MoU) with Chinese logistics provider Sinotrans Ltd, and a strategic cooperation agreement (SCA) with Chinese automotive design and engineering firm, IAT Automobile Technology Co Ltd (IAT), for the proposed tie-ups.

FGV confirmed Trurich has been identified as a potential asset for disposal.

The bids will be called ‘in the near future’ — works ministry.

IWCity is a subsidiary of Iskandar Waterfront Holdings Sdn Bhd (IWH), which owns 60% in IWH-CREC. Ekovest and IWH share a common shareholder in the form of Tan Sri Lim Kang Hoo.

High Court Judge Collin Lawrence Sequerah made the decision on the grounds that are “more or less similar” with his decision on a similar application by former premier Datuk Seri Najib Razak in a separate case on March 1.

A plan to convert debt papers held by the two institutions into stakes in Bandar Malaysia is on the table.