1MDB drops Lodin, Ismee, Shahrol and Hazem as defendants in US$8b civil suit
Ismee had testified against Najib in the SRC International Sdn Bhd criminal trial while Shahrol Azral and Hazem have testified in the 1MDB-Tanore trial.
Revenue Group buys land for RM44m to house ops under one roof
The plots have a combined land area of 8,899 sq metres and a combined gross floor area of 5,235 sq metres
Covid-19: New cases in Malaysia drop to 19,740 on Aug 16 after staying above 20,000 for five straight days
Selangor still topped the list with most Covid-19 infections at 5,706, followed by Sabah (1,728), Kedah (1,592), Sarawak (1,566), and Johor (1,510).
Some economists still holding out hope for above 4% full-year GDP growth
In a report, Maybank Investment Bank Research has kept its full-year growth target at 4.2% for now, given the “fluid 2H2021 outlook on containment measures, politics and GDP”.
MBSB's CEO Ahmad Zaini dies of Covid-19
"He took his last breath early this morning (Aug 15) at 1.46am at KPJ Selangor Specialist Hospital. He was 64 years old."
Majuperak enters RM140m land swap deal to add landbank in Silver Valley Technology Park
Majuperak Holdings: The proposed land swap represents an opportunity for Majuperak to unlock the value of its investments in MERSB lands. In this respect, the group is expected to record a one-off pro forma net gain of RM38.66 million from the disposal
Covid-19: Malaysia's daily vaccination doses rise to 525,342 on Aug 12
A total of 3.72 million adults or 44% of the total population of the Klang Valley had received their two-dose vaccination as of yesterday.
BNM: Malaysia's 2Q21 GDP grew 16.1% y-o-y
"Economic performance was supported mainly by the improvement in domestic demand and continued robust exports performance."
Ta Ann sees improved earnings for timber segment amid shortage of raw materials
This is mainly due to a shortage of raw materials and increase in housing demand in Australia, the US and other timber-consuming countries.
Continued reforms needed to improve Malaysia’s business environment, says OECD
According to OECD’s third Economic Survey of Malaysia, high unemployment amid the pandemic and weak productivity growth have posed challenges, amid the current crisis.
