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News by theedgemarkets.com

news

Ex-KWAP CEO Wan Kamaruzaman emerges as director on MRCB board

15 April, 2021

His appointment follows the departure of Datuk Mohamad Nasir Ab Latif from the board of MRCB.

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news

RM4b loan from KWAP to SRC was only a scam to gratify Najib, prosecution argues

15 April, 2021

The defence's argument that SRC's business plan to develop renewable energy for national interest is not supported by facts as there is no evidence to show for it. 

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news

Covid-19 cases rise to 2,148, crossing 2,000 mark for first time in 41 days

15 April, 2021

The last time the country registered daily new infections above the 2,000 mark was on March 5, with 2,154 cases. 

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news

SRC appeal: Najib's deferred gratification is irrelevant, says prosecution

15 April, 2021

The prosecution asserted that the evidence of his conduct had established the former prime minister's clear initial plan to swindle money from the company.

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news

1MDB scandal: Senators urge US Labor Dept to hold Goldman Sachs accountable — report

15 April, 2021

US senators Elizabeth Warren and Tina Smith said: “We urge you to reconsider and rescind this proposal, which would appear to give EBSA’s blessing to Goldman’s illegal behaviour.”

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news

Malaysia’s Covid-19 data shows R0 at 1.14 times, infection spreading

15 April, 2021

The national R0 number has been going up since April 10, when it stood at 1.03, to 1.06 on April 11, 1.07 on April 12, 1.09 on April 13, and 1.14 yesterday.

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news

17 cases of South African B.1.351 Covid-19 variant detected

14 April, 2021

Health director-general Tan Sri Dr Noor Hisham Abdullah said three cases were found in the Jalan Lima cluster, nine from the Kebun Baru cluster, one from the Teknologi Emas cluster and four from the screening of close contacts

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news

SCIB buys loss-making Selangor construction firm to expand biz in Peninsular Malaysia

14 April, 2021

In a bourse filing, SCIB said the group inked a conditional share sale agreement with three individuals — Noorazylawati Abdul Bakar, Mohd Khairil Mohd Hatta and Ibrahim Mohd Noor — to acquire Kencana Precast Concrete Sdn Bhd (KPCSB). It will settle the purchase via a combination of internal funds and/or bank borrowings.

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news

Prosecution says Najib's 'lame excuses' for not recovering frozen SRC funds shows personal interest

14 April, 2021

Ad hoc prosecutor Datuk V Sithambaram said Najib was evasive when asked about his plans to bring back RM3.6 billion that had been frozen by the Swiss authorities in 2013, during his cross-examination.

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news

Teladan Setia buys 520 acres of land in Melaka for RM95m to develop houses

14 April, 2021

"This is in line with our future plans to expand our business of property development in Melaka through acquisition of landbank for future projects that meet the demand of the residential property market in Melaka," the group said in a statement.

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