News about UK

KUALA LUMPUR (Oct 25): Attorney General Tan Sri Tommy Thomas and former federal court judge Datuk Seri Gopal Sri Ram (pictured) will file further affidavits in ex-prime minister Datuk Seri Najib Razak and his lawyer Tan Sri Muhammad Shafee Abdullah's civil challenge against Sri Ram's appointment as senior deputy public prosecutor in 1Malaysia Development Bhd (1MDB)-linked cases.

KUALA LUMPUR (Oct 25): Widad Group Bhd said RAM Ratings has revised its outlook for Widad Capital Sdn Bhd’s sukuk murabahah programme of up to RM110 million in nominal value, to positive, from stable.

KUALA LUMPUR (Oct 23): The defence team in Datuk Seri Najib Razak's SRC International Sdn Bhd graft trial involving RM42 million of the company's funds has argued that the prosecution must first prove that the former prime minister indeed committed the predicate offences — criminal breach of trust (CBT) — in order for the money laundering charges to stand, as the two offences are related.

KUALA LUMPUR (Oct 23): Tycoon Tan Sri Syed Mokhtar Albukhary-linked company Pelangi Prestasi Sdn Bhd has been allowed by the High Court to proceed with its suit against two parties in relation to its proposed takeover of Sabah Forest Industries Sdn Bhd (SFI).

KUALA LUMPUR (Oct 19): The property sector has “multiplier effects” on more than 140 industries in the country, and any property market crash will lead to wealth destruction for the people, Real Estate and Housing Developers’ Association Malaysia (Rehda) president Datuk Soam Heng Choon said in a report by The Edge Malaysia this week.

KUALA LUMPUR (Oct 19): MMAG Holdings Bhd is buying a piece of land together with buildings in Penang from Dynaciate Group Bhd, formerly known as Tatt Giap Group Bhd, for RM41 million to expand its logistics business.

KUALA LUMPUR (Oct 18): Malaysian Rating Corp Bhd (MARC) has downgraded MEX II Sdn Bhd’s RM1.

KUALA LUMPUR (Oct 18): Selangor Dredging Bhd’s proposed disposal of 16 pieces of freehold land in Damansara Heights for RM71 million has fallen through.

KUALA LUMPUR (Oct 17): Sunway Bhd is establishing a private trust in Singapore with an initial £38 million (about RM202 million) of assets under management (AUM) that focuses on purpose-built student accommodation in the UK.

KUALA LUMPUR (Oct 16): The High Court here was told that former prime minister Datuk Seri Najib Razak asked Felda Investment Corp Sdn Bhd (FIC) to reconsider the purchase of the Merdeka Palace Hotel & Suites in Kuching, Sarawak, after FIC rejected the proposal twice, because the asset was overpriced.