Maybank roped in for Penang megaproject

KUALA LUMPUR (Aug 28): Consortium Zenith Construction Sdn Bhd (CZC) said it had overcome a hurdle in the contentious Penang Major Roads and Third Link development as Malayan Banking Bhd (Maybank) had been roped in to provide financing for part of the project.

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MRCB's LRT3 progress billings expected to pick up in 2H

Malaysian Resources Corp Bhd (Aug 27, 72 sen) Maintain hold with a lower target price (TP) of 74 sen: Malaysian Resources Corp Bhd’s (MRCB) net profit of RM15 million (-72% year-on-year [y-o-y]) for the cumulative six months of financial year 2019 (6MFY19) is only 11% to 16% of the market consensus and our previous FY19 forecast of RM94 million to RM137 million.

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1MDB trial: Jho Low was Najib's "mirror image", says prosecution

KUALA LUMPUR (Aug 28): Former premier Datuk Seri Najib Razak (pictured) played a pivotal role in amending the 1Malaysia Development Bhd (1MDB) articles of association in order to put him in position of control of the company in a bid to enrich himself, said the prosecution in his 1MDB trial.

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Court fixes judge to hear Najib's bid to remove Sri Ram

KUALA LUMPUR (Aug 27): Datuk Seri Najib Razak's application to remove Datuk Gopal Sri Ram (pictured) from prosecuting the former prime minister in the 1Malaysia Development Bhd (1MDB) case will be heard by Justice Datuk Seri Mariana Yahaya, the High Court decided today.

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