News by TheEdgemarkets.com

In a Facebook post yesterday, Najib said the ECRL project is funded by a 20-year loan from the Exim Bank of China and all payments of RM19.6 billion to CCCC (China Communications Construction Company Ltd, the project’s contractor) so far were made directly from this bank.

The judgment-in-default was made by judicial commissioner Khadijah Idris in her chambers after no one came forward to challenge the claim jointly made by the Malaysian government and 1MDB on Aug 6, according to news portal Malaysiakini.

“In ensuring better participation especially among youth, efforts will be undertaken to lower the minimum voting age to 18 years,” the report said.

Nevertheless, greater adoption of the industrialised building system and ongoing civil engineering projects such as the Mass Rapid Transit Line 2 (MRT2) and the Pengerang Integrated Petroleum Complex (PIPC) in Johor, are expected to contribute to the growth of this sector, according to the Mid-Term Review of the 11th Malaysia Plan (2016-2020) released today.

The government will have more initiatives to improve tax compliance, which will be undertaken to ensure collection is maximised from both direct and indirect taxes, said the mid-term review of the 11th Malaysia Plan. 

The plaintiffs are seeking a judgment in default to allow Equanimity to be sold in the absence of its registered owner Equanimity (Cayman) Ltd.

Country Heights said this is in line with the group's business strategy and it is expected to contribute positively towards the growth of the group.

Mohamed Azmin reiterated the country’s fiscal position may be an issue if the crooked bridge project between Malaysia and Singapore continues. 

"The yacht is in good condition, in a safe environment, berthed at the Port Klang cruise ship terminal in Malaysia, and is being taken care of by a professional yacht crew under the supervision of a specialised yacht management company.”

When he was asked about 1MDB and the piles of cash and luxury designer items including Hermes handbags seized from condos and homes linked to him by police, he conceded that nearly US$700 million had been deposited into his personal bank account — but the money was not from 1MDB and not for his own use.