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The group said STP will procure and supply components, services and materials required under the completion agreement.

The ministry said the Sarawak government under GPS is a responsible government that has always been practicing and upholding the principle of a disciplined and responsible financial management.

"Cement prices in Sarawak that are markedly higher than in Peninsular Malaysia should be further examined to determine whether it is caused by monopolistic practices of local industry players in Sarawak.”

Goldman Sachs was the advisor for the issuance of US$6.5 billion in bonds issued by 1MDB for fees of US$600 million.

She said these funds were disbursed via an AmBank account opened under Najib.

The group is also planning to relocate some of its theme park rides and attractions at i-City, Selangor, in order to free up land for property development. 

Ooi said these downside come from a challenging property market, higher political risk premium for the construction stocks and abrupt suspensions of mega projects.

On the 50-acre commercial land owned by MBNSI, the project will comprise shop lots, commercial podiums and residential units.

Ismee told the High Court here today that the board was unaware of several cash transfers that took place. 

Ismee said he only got to know now that some of the personnel in SRC were close associates of the runaway businessman.