Sime Darby 4Q net profit up 13%, declares 8 sen dividend

Aug 27

KUALA LUMPUR (Aug 27): Sime Darby Bhd's net profit for the fourth quarter ended June 30, 2019 rose 13% to RM184 million from RM163 million a year earlier, driven mainly by its industrial and motors divisions.

PNB chief set to leave for Sime Darby Bhd

Aug 27

KUALA LUMPUR (Aug 27): Permodalan Nasional Bhd (PNB), Malaysia's largest fund manager by asset value, may be set for its fourth major leadership change in just over three years in the coming weeks.

Riza Aziz seeks to transfer RM1.18b 1MDB money-laundering case to High Court

Aug 27

KUALA LUMPUR (Aug 27): Datuk Seri Najib Razak's stepson, Riza Shahriz Abdul Aziz (pictured), has applied to transfer his trial entailing five charges of money laundering involving US$248.

Al-'Aqar Healthcare REIT in RPT to buy hospital for RM78m cash

Aug 27

KUALA LUMPUR (Aug 27): Al-'Aqar Healthcare REIT is acquiring another hospital — KPJ Batu Pahat Specialist Hospital for RM78 million cash — to add into its list of properties under management.

Lower property billings push down MRCB's 2Q profit

Aug 27

KUALA LUMPUR (Aug 27): Malaysian Resources Corp Bhd’s (MRCB) net profit fell 67% in the second quarter ended June 30, 2019 as it recognised lower billings from its property development projects.

Hafarizam's lawyer seeks more details in money laundering suit

Aug 27

KUALA LUMPUR (Aug 27): The lawyer for Umno legal adviser Datuk Mohd Hafarizam Harun has requested for more details concerning the charges against the latter for his alleged involvement in laundering RM15 million.

Najib again gets to challenge Sri Ram's appointment as DPP

Aug 27

PUTRAJAYA (Aug 27): Former premier Datuk Seri Najib Razak and senior lawyer Tan Sri Muhammad Shafee Abdullah were granted leave by the Court of Appeal yesterday to possibly challenge the legality of former Federal Court judge Datuk Seri Gopal Sri Ram’s appointment as a senior deputy public prosecutor (DPP).

K Residence unit holders sue developer Duta Yap over failure to form JMB within time

Aug 27

KUALA LUMPUR (Aug 26): Unit owners at K Residence are suing DutaLand Bhd CEO Tan Sri Yap Yong Seong and developer KL Landmark Sdn Bhd for their alleged failure to establish a joint management body (JMB) within 12 months of delivery of vacant possession, the misuse of maintenance funds, as well as other misconduct in the management of the condominium.