‘Funds diversion an executive decision, practised even today’
KUALA LUMPUR (Oct 26): Defence counsel Tan Sri Muhammad Shafee Abdullah (pic) argued yesterday that the his client Datuk Seri Najib Razak’s action of redirecting government funds for other purposes was an “executive decision”.
Paramount proposes securitisation exercise
KUALA LUMPUR (Oct 26): Under a securitisation exercise to streamline group assets and achieve a more efficient capital structure, Paramount Corp Bhd has proposed to dispose of three of its tertiary education campuses to a special purpose vehicle for a combination of cash amounting to RM420 million and new cumulative redeemable non-convertible preference shares in the vehicle.
Malay Mail to cease print edition on Dec 1, retrench 50 workers
PETALING JAYA (Oct 25): Malay Mail is ceasing its print edition on Dec 1 to turn fully digital.
Wen family to take Selangor Properties private at RM5.70 per share
KUALA LUMPUR (Oct 25): The Wen family, which holds a 68.
UPDATE: Not sure if US$12.1m mentioned in Hasanah's CBT case is from abroad, says lawyer
KUALA LUMPUR (Oct 25): Former senior intelligence officer Datuk Hasanah Abdul Hamid's lawyer said it is unclear whether the US$12.
Perak, Pahang should stop issuing permits for farming and developments in Cameron
IPOH (Oct 25): The state governments of Perak and Pahang should stop the issuance of new permits for agriculture and development in Cameron HIghlands, in light of the increased risk of landslides, said the Water, Land and Natural Resources Minister.
