RM6.2b for tolled highways better spent elsewhere, says economist
KUALA LUMPUR: Economist Muhammed Abdul Khalid criticised the finance ministry’s decision to acquire four urban tolled highways for RM6.
Khazanah closing down KLCC office to cut operation costs
PETALING JAYA (Oct 24): Khazanah Nasional Bhd is closing down its office at the Petronas Twin Towers in KLCC to lower overall operational costs, according to a report today in Free Malaysia Today.
1MDB-Tanore trial: Defence seeks MACC documents from whistle-blower Justo
KUALA LUMPUR (Oct 24): Datuk Seri Najib Abdul Razak has filed a motion to compel the prosecution in the 1MDB-Tanore trial to hand over documents it obtained from the Malaysian Anti-Corruption Commission (MACC) vide a pendrive from former PetroSaudi International Ltd (PSI) employee Xavier Andre Justo.
IGB REIT distributable income up 1.3%, declares 2.31 sen distribution
KUALA LUMPUR (Oct 24): IGB Real Estate Investment Trust (REIT)’s distributable income for the third quarter ended Sept 30, 2019 (3QFY19) rose 1.
Khazanah: IHH stake sale done at 20% premium
KUALA LUMPUR (Oct 23): Khazanah Nasional Bhd’s stake divestment in private healthcare provider IHH Healthcare Bhd to Mitsui & Co Ltd as part of the sovereign fund’s portfolio restructuring, was done at a 20% premium.
MEF: Minimum wage hike does not address high living cost issue
PETALING JAYA (Oct 23): The Malaysian Employers Federation (MEF) said the government's move to increase the minimum wage in major cities took the organisation by surprise as there was no consultation with the relevant stakeholders.
Further define corporate liability provision in MACC Act: Consultant
KUALA LUMPUR (Oct 23): The new corporate liability provision in the Malaysian Anti-Corruption Commission Act 2009 under Section 17A needs to be further defined, so corporate organisations know exactly how to implement the right procedures and prevent corruption, a risk management consultant said yesterday.
ECRL's Mentakab-Port Klang alignment finalised: Anthony Loke
PORT KLANG (Oct 23): Alignment for the proposed 640km East Coast Rail Link's (ECRL) section C, which links Mentakab in Pahang to Port Klang in Selangor, has been finalised.
TDM's Indonesian ops face sanction, 900ha to halt activities for 3 years
KUALA LUMPUR (Oct 23): TDM Bhd announced yesterday that its subsidiary PT Rafi Kamajaya Abadi (PT RKA) has been sanctioned by the Indonesian government and ordered to stop all plantation activities at some 900ha of its plantation area in Kalimantan, which has been burnt recently.
