News by TheEdgemarkets.com

Umno is contesting the forfeiture suit filed against it by the Malaysian Anti-Corruption Commission (MACC) on funds allegedly siphoned from 1Malaysia Development Bhd (1MDB).

Yu had last week testified that Najib's signatures were required for any cheques for withdrawal on his accounts and that it was not possible for former SRC International Sdn Bhd chief executive officer to withdraw funds from the account.

“We would hope that they pay more attention to addressing the economy, tackling unemployment and other pressing issues instead of fighting among themselves.”

The 1,574 sq ft boutique — fourth in Southeast Asia and 81st in the world — was designed by leading Spanish designer Patricia Urquiola, said a statement issued by the Valiram Group, which owns and operates Swiss Watch Gallery.

Meanwhile, the prices per litre of RON95 petrol and diesel remain at RM2.08 and RM2.18 each. 

Anwar said however, affirmative action will remain to elevate the poor and reduce inequality.

"The changes that have been implemented by the government so far are good enough. We cannot reject all the candidates. Not all of the political appointees are unreliable, if a candidate is qualified, we can consider."

The postings in question were dated on the night of July 15 and on the morning of July 17.

Gross rental income also fell 3.5% during the quarter to RM66.05 million from RM68.41 million a year ago.

The group attributed the second-quarter NPI increase to higher revenue, which was mainly contributed by higher rent and electricity income from the Pavilion Kuala Lumpur mall for the supply of electricity to the Pavilion Hotel and Pavilion Suites.