Witness: Najib wanted him to settle IPIC dispute before it became GE14 issue

KUALA LUMPUR (Sept 4): Prosecution witness Datuk Amhari Effendi Nazaruddin (pictured, left) told the High Court here today that Datuk Seri Najib Razak had in 2016 assigned him to meet Mubadala Investment Co group CEO Khaldoon Khalifa Al Mubarak to settle the 1Malaysia Development Bhd (1MDB)-International Petroleum Investment Co (IPIC) dispute outside the International Court of Arbitration.

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PSC cut 'not temporary' - Anthony Loke

SERENDAH (Sept 3): Transport Minister Anthony Loke Siew Fook said today Malaysia's proposed passenger service charge (PSC) cut for international travellers flying beyond Asean from klia2 and other airports besides the Kuala Lumpur International Airport (KLIA), to RM50 from RM73 is "not temporary" because the Cabinet has decided on the matter.

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Solar electricity cheaper to produce, Yeo says as LSS3 bid closes

KUALA LUMPUR (Sept 3): Malaysia will see a more competitive and diversified power generation mix as bidding under the third cycle of the Large-Scale Solar (LSS3) scheme shows that solar-based electricity generation is cheaper than gas-based power production, Energy, Technology, Science, Climate Change and Environment Minister Yeo Bee Yin said today.

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REITs in favour

KUALA LUMPUR: Malaysia’s two biggest banks, Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd, said last week they expect Bank Negara Malaysia to cut the overnight policy rate (OPR) by another 25 basis points (bps) by year end, reflecting rising expectations of one.

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