Yayasan Penyelidikan Transformasi is also known as the Transformation Research Foundation while K&Z is a fabric supplier to the government.

"Who is OP?" asked Sithambaram.

Yu replied: "To my understanding OP was a term — Optimus Prime, I don't know — to refer to the Prime Minister."

FGV filed a lawsuit against Mohd Emir and Isa Samad relating to the purchase of a luxury condominium at Troika, KLCC, which the group claimed was bought at an inflated price by the two.

Based on preliminary plans, the proposed project named M Adora will comprise two blocks of affordable housing with an estimated gross development value of RM378 million, said the developer. 

Yesterday, MGB said its wholly-owned subsidiary Sinaran Kencana Sdn Bhd has entered into the JVA with Aset AZG Sdn Bhd, which is the owner of the tract.

Swiss-Garden Hotel Bukit Bintang under renovation, slated to reopen on Aug 15

In a filing with Bursa Malaysia yesterday, SUNREIT — the assets of which include shopping malls and hotels — said the net revaluation surplus stood at RM108 million, after taking into account capital expenditure of RM65 million, based on the REIT's unaudited results for financial year ended June 30, 2019 (FY19).

"It will be unlikely there will be any new tax measures [announced in Budget 2020], but definitely I would rule inheritance tax out, for the foreseeable future."

"SVDP only covers taxation laws; it doesn't cover criminal laws. It doesn't mean people like Jho Low can come and declare their unreported income and everything is cleared." 

MRCB has the expertise in providing chilled water supply since 2013. KDDCS was formerly set up under the group for the proposed provision of chilled water supply. The supply agreement signed with KUSB requires the delivery of chilled water beginning Sept 1, 2020.