News by TheEdgemarkets.com

Defence counsel Harvinderjit combed through details of SRC’s board meeting minutes and dived deep into certain specific wordings in order to show SRC’s board and its management acted independently from Najib.

Donaco said in filings to the bourse there that the company's former chief operating officer Gerald Tan has also left the business.

Khalid also defended his position as chairman of YWP as a mandatory requirement, as stipulated in YWP's Memorandum and Articles of Association.

For that to happen, MBSB still has to convert its conventional assets worth about RM1 billion to Islamic assets, which make up about 10% to 12% of its asset portfolio.

"We have only come to the stage of getting the data. No real decision has been made [on the mechanism]," Dr Mahathir said. 

"We see businesses find it difficult to obtain approval to invest and contribute to the growth of the economy," said Dr Mahathir. 

The central bank said in a statement today that its reserves position is sufficient to finance 7.3 months of retained imports and is 1.1 time the total short-term external debt.

When asked by the prosecution about the implication of the amendment, Ismee said: "The implication to SRC is that the advisor emeritus' views would have to be taken into account in material and strategic issues on the company."

It has secured two subcontract jobs for the Setiawangsa–Pantai Expressway (SPE or better known as DUKE Phase 3) with a combined value of RM75.3 million, from Knusford Construction Sdn Bhd. 

Loke said the three sets of trains will start to operate immediately after being delivered to Prasarana Malaysia Bhd.