Latest news for: vpex

PSOSL assures court again that disputed funds will not be moved

The assurance was made again today by PSOSL counsel Alex Tan to Justice Mohd Nazlan Mohd Ghazali and Malaysia's prosecution team, after the latter expressed concern upon learning that Tarek Obaid, a Saudi national who is CEO of PSOSL’s parent PetroSaudi International Ltd (PSI), had disputed the judge’s July 16 order.

Rizal denies RM5m bribe from Jepak was for him, not Rosmah

Rosmah’s counsel Datuk Jagjit Singh suggested that the witness had asked Jepak to pay him RM5 million per year for five years as a reward for his help in securing the RM1.25 billion solar hybrid project for rural schools in Sarawak.

1MDB funds were used for Umno's election campaign during GE13, ex-CEO claims

Former prime minister Datuk Seri Najib Razak had used part of the US$3 billion raised by 1Malaysia Development Bhd (1MDB) — initially intended for the development of the Tun Razak Exchange (TRX) — to acquire land in Ayer Itam, Penang as part of Umno’s campaigning leading up to the 2013 General Elections (GE13), the High Court heard today. According to former 1MDB chief executive officer Mohd Hazem Abdul Rahman, who is currently testifying as the 10th prosecution witness in the 1MDB-Tanore trial, the land was to be utilised to build an affordable housing development.

SkyWorld to launch SkyAwani 5 next weekend

Built on a 2.06-acre plot, the project will be offering 615 condo units, housed in a 38-storey block, that encase 3+1 bedrooms and two bathrooms within an 800sq ft unit.

LBS Bina launches affordable homes Ritma Perdana in Alam Perdana township

LBS Bina Group Bhd (LBS) has unveiled affordable landed homes Ritma Perdana, the fourth phase of township Alam Perdana in Selangor. Due to encouraging response to its previous phases in the township, LBS pushes forward with the new phase, which has a gross development value (GDV) of RM611 million.