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News by theedgemarkets.com

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1MDB trial likely to be vacated for the week with Najib in quarantine

05 October, 2020

The 1Malaysia Development Bhd (1MDB)-Tanore trial is set to continue today with its chief executive officer (CEO) Mohd Hazem Abdul Rahman still on the witness stand.

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Hearing of Najib's SRC appeal to begin on Feb 15

01 October, 2020

Former prime minister Datuk Seri Najib Razak’s appeal against his conviction in the SRC International Sdn Bhd trial will commence on Feb 15, 2021. 

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New drive-thru concept in Ikano Centres Penang to be fully operational next year

24 September, 2020

Ikano Centres is launching a new drive-thru concept next to IKEA Batu Kawan, Penang, which is expected to be fully operational by mid-2021.

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Covid-19: Malaysia reports 21 new cases, one new cluster in Sabah

17 September, 2020

Active cases stood at 674 versus 668 reported yesterday, with 15 more Covid-19 patients discharged. This raised total recoveries to 9,250, representing a recovery rate of 92%.

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Rizal admits to receiving almost RM1m bribe and umrah trip from Jepak Holdings' Saidi and Rayyan

14 September, 2020

Former aide to Datin Seri Rosmah Mansor, Datuk Rizal Mansor today admitted in High Court that he personally received close to RM1 million by Jepak Holdings Sdn Bhd former managing director Saidi Abang Sammsudin, who also sponsored an umrah pilgrimage Rizal and his family embarked on in 2016.

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BNM unlikely to cut OPR until year end should recovery gain strength

11 September, 2020

Bank Negara Malaysia (BNM) did not cut the overnight policy rate (OPR) in yesterday's Monetary Committee Meeting (MPC), keeping the rate at 1.75% after four consecutive cuts since the start of the year.

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Dutch Lady mulls sale of Petaling Jaya factory land

09 September, 2020

The land comprises factory buildings, office complex and warehouse, and carries a net book value of RM28.4 million or 0.44 sen per share as at end last year, according to its latest annual report.

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Magni-Tech sells industrial land in Pulau Pinang for RM22m

09 September, 2020

The 7.75-acre land with structures was acquired in 1990 for RM8 million, and carried a net book value of RM6.16 million as at end-April this year.

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Ekovest to start exclusive talks to buy part of IWH's stake in Bandar Malaysia

09 September, 2020

IWH is 63% controlled by Ekovest chairman Tan Sri Lim Kang Hoo, while the Johor state government's Kumpulan Prasarana Rakyat Johor Sdn Bhd holds the remaining 37%.

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Covid-19: Malaysia reports lowest number of recoveries since RMCO

06 September, 2020

Six new Covid-19 cases and two recoveries in the 24 hours until noon today

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