News by theedgemarkets.com

Najib had said it was not prudent for him to check with them about the US$620 million left of the "donation" he had returned as "he knew" that Jho Low was the middleman.

The former prime minister said he assumed that the sum was part of hundreds of million of US dollars he alleged was donated by Saudi Arabian royalty and never checked his bank statements even while he spend the money by issuing several cheques.

Shortly before the lunch break at 12.45pm, ad hoc prosecutor Datuk V Sithambaram was going through the cheques that Najib had issued from the bank account.

In an economics note today, AmBank Group Research said Bank Negara Malaysia's decision to cut the OPR by 25 basis points (bps) to 2.75% is seen as a move "ahead of the curve" and can be viewed positively.

In a bourse filing Jan 22, Hua Yang said its third quarter net profit declined 73.5% to RM1.53 million from RM5.77 million a year earlier. Its revenue, however, rose to RM72.53 million against RM68.42 million previously.

“For the suburban Klang Valley malls, anchor tenants are key.”

The steel products manufacturer said the 3.48 million sq ft land, currently owned by Kapar Holding Sdn Bhd, is situated at the proximity of the group’s present plant and office in Kapar.

"The disposal provides an opportunity for the company to realise its non-core capital investment to better re-allocate its capital resources."

The rate changes will take effect from next Thursday (Jan 30), the bank said in a statement yesterday.

TSR Capital said this is the second disposal of property by the group since August 2019, and forms part of its assets rationalisation plan to monetize its investments in property assets.