“As project and asset owner of the ECRL, MRL would like to stress that there is no truth to recent commentaries and news reports which appear to suggest that Malaysia risked ceding assets and sovereignty to China as a result of the JV."

"Overhang means the industry is in dire straits and unable to absorb any new supply."

Area Management Sdn Bhd executive chairman Datuk Stewart LaBrooy: None of us in this room knows the demand and what the market wants.

Federal Territories Minister Khalid Abdul Samad said this was achieved through renegotiations on 97 land transactions in the federal capital, which boosted DBKL’s income by RM481 million.

The highest number of unsold completed units came from Johor with 6,066 units, a 38.6% y-o-y increase from 4,736 units in the previous year. These unsold units are worth RM4.6 billion.

"Their loans are secured 100%, there is nothing to worry about. The one who should be worried is MoF and the government because we guaranteed their loans. The government needs to find money to pay all these loans related to 1MDB, which we get nothing in return in terms of value."

"Yayasan Wilayah Persekutuan as the registered proprietor of the said land, would like to clarify and provide accurate information pertaining to the project so that public are not confused over the inconsistent statements issued in the past few weeks."

The water disruption will be felt in Kuala Lumpur, Petaling, Klang, Shah Alam, Gombak, Kuala Langat and Kuala Selangor from Wednesday involving 620,835 account holders of Syarikat Bekalan Air Selangor Sdn Bhd (Syabas).

“What has happened in the UK has no bearing here. The Malaysian business is not affected. There is no bearing on Malaysia.”

High Court Judge Collin Lawrence Sequerah made the decision on the grounds that are “more or less similar” with his decision on a similar application by former premier Datuk Seri Najib Razak in a separate case on March 1.