News about S

KUALA LUMPUR (June 18): Datuk Seri Najib Razak's wife Datin Seri Rosmah Mansor came to the High Court here today to observe her husband's SRC International Sdn Bhd proceedings but was asked by the prosecution to leave the court room as she could be called in as a witness — which means she may have to testify against her husband.

PUTRAJAYA (June 18): The government and the private sector is working to roll out their CSR projects that will enhance the living standards of the B40 group and in People’s Housing Projects (PPR), an initiative under the National Community Policy or Dasar Komuniti Negara (DKN).

SETIA ALAM (June 18): S P Setia Bhd’s latest Starter Home series, Artoca@Setia Alam, Selangor was fully sold on the first day of its launch recently.

  UEM Sunrise Bhd (June 17, 85 sen) Maintain market perform with a lower target price of 83.

KUALA LUMPUR (June 18): SRC International Sdn Bhd’s ex-chairman Tan Sri Ismee Ismail maintained his view that directives from the government to the former 1Malaysia Development Bhd (1MDB) unit through its previous chief executive officer (CEO) and managing director Nik Faisal Ariff Kamil amounted to a directive from Datuk Seri Najib Razak.

KUALA LUMPUR (June 17): Damansara Realty Bhd is partnering the state investment arm of Negeri Sembilan — the Menteri Besar Negeri Sembilan (Inc) or MBNSI — to jointly develop a RM771 million mixed development in Bandar Sri Sendayan, Negeri Sembilan.

KUALA LUMPUR (June 17): It turns out that there were even more secret transactions involving SRC International Sdn Bhd funds that were concealed from its board of directors, including the application of a second RM2 billion loan from Retirement Fund (Incorporated) (KWAP).

KUALA LUMPUR (June 17): Fugitive financier Low Taek Jho — better known as Jho Low — was mentioned again in today's SRC International Sdn Bhd proceedings.

PETALING JAYA (June 17): The cement price hike of close to 50% will spark a chain reaction in the construction and property development industry, which may likely lead to a property price increase of 10% to 15%.

KUALA LUMPUR (June 17): Two men linked to the 1Malaysia Development Bhd (1MDB) kleptocracy scandal have been convicted of financial crimes and sentenced to jail in Abu Dhabi, The Wall Street Journal reported yesterday, citing a statement from the emirate’s criminal court.