News by theedgemarkets.com

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.

MMC and Gamuda each hold a 50% stake in MMC Gamuda KVMRT.

The report said in July, Ahmad Zahid was questioned twice by the MACC on two matters — the use of funds from welfare foundation Yayasan Akal Budi to clear credit card debts and his claim that he met representatives of the Saudi royal family member who purportedly channelled RM2.6 billion into former premier Datuk Seri Najib Razak's personal bank accounts.

"All unfinished underground work will be retendered out through an international open tender process. This decision was made after considering that the federal government can achieve further significant savings by retendering the underground work package compared with the offer made by the existing contractor," said Finance Minister Lim Guan Eng in a statement today.

Tycoon Tan Sri Lee Kim Yew, who is CHHB founder and chairman, had proposed to issue 1 billion of Horse Currencies, backed by RM2 billion worth of the group's assets, with an initial 300 million of Horse Currencies open for circulation to the public.