Datuk Asmadi Abu Talib, who is Umno Padang Serai division chief, told the High Court that he received a RM50,000 cheque from Najib by hand soon after he was selected as a Barisan Nasional candidate for the Merbau Pulas state seat in the constituency for the 14th General Election.

“Assuming 50% of this comprises construction cost, this would present RM70 billion worth of potential job flows. Moreover, the emphasis of local content in the construction process would further stimulate local construction activities.”

The Malay reserve land status of the area will also be preserved with such a plan.

The research house said the value has emerged given that IOI Properties' share price has fallen about 15-20% in the past three months.

Deputy public prosecutor Datuk Raja Rozela Raja Toran said the prosecution had on April 9 filed an application to transfer his two cases — entailing 35 counts of graft and 16 money laundering charges — given the high-profile nature of the case, based on Musa's previous tenure as Sabah chief minister and the amount of funds involved.

Seacera told Bursa Malaysia that without further information from major shareholder Tan, the company is unable to assess whether the implementation of such proposal is viable and adequately comprehensive to address the current financial concerns of Seacera.

The three islands will have a combined area of 17 sq km, comprising Island A (9.3 sq km), Island B (4.45 sq km) and Island C (3.23 sq km).

SunCon is actively looking for hospital job opportunities given that as much as RM29 billion has been budgeted by the government in 2019 for new hospitals.

A plan to convert debt papers held by the two institutions into stakes in Bandar Malaysia is on the table.

At 9.16am Gadang rose 5.59% or 4 sen to 75.5 sen with 4.49 million shares traded while DWL jumped 16.03% or 21 sen to RM1.52 with 1 million shares traded.