News by TheEdgemarkets.com

During cross-examination today, defence counsel Datuk N Sivananthan, who is representing 1MDB's former president Arul Kanda Kandasamy, asserted that although there were suggestions and requests to drop certain parts of the audit report, the ultimate decision on removing and/or tampering with the report was still the onus of Ambrin.

However, Ambrin defended that since the order came from the government, he felt the pressure to comply with the requests.

"From the ministry's point of view on the proposal to impose such tax, there is no need for now but such a proposal would be reviewed and may be studied [further]."

Malaysia has made the use of face masks mandatory in crowded public areas starting Aug 1, 2020 to curb the spread of the Covid-19 outbreak.

Hong Leong Investment Bank (HLIB) Research analyst Nazira Abdullah said she believes the limit was temporarily raised to help ailing REITs with their cash flow and allow their managers to manage the debt and capital of these trusts more efficiently, especially amid the challenging operating environment brought on by the pandemic.

Nevertheless, the year will still be a challenging one for Malaysian REITs, though those with flagship malls with strong market positioning will be able to weather the challenges better than their second-tier peers, said Head of equity research at RHB Asset Management Malaysia, Petrina Chong.

PSOSL’s lawyer Alex Tan told the court that there were some new developments in the UK and for this reason, it was seeking a short adjournment to the hearing of its application.

Of the 11 new Covid-19 cases, eight were imported cases while three were locally transmitted

Mohd Haniff Khatri Abdulla: It (the fine) should not have been stayed completely. But [the court] should at least order him to pay 10% of it by way of instalments.

Testifying in Ahmad Zahid's corruption trial in which he is also being accused of money laundering, lawyer Muralidharan Balan Pillai said the account was opened at a bank's branch in Bangsar for running of Yayasan Al-Falah in 2016.

Kejuruteraan Asastera said it will act as the nominated subcontractor for supply, installation, testing, commissioning and maintenance of electrical and extra low voltage services to Core Residences Project @ TRX (main building and external works) for Core Precious Development Sdn Bhd on three blocks of serviced apartments.