DONE DEAL: Semi-detached house, Taman Megah, Petaling Jaya
Sold for: RM2,550,000 (average RM2.
Shafee: ‘If RM5b IMTN was suspended, Malaysia’s ratings would have been affected’
KUALA LUMPUR (Sept 26): Datuk Seri Najib Razak’s senior counsel said that the suspension of the RM5 billion Islamic medium term notes (IMTN) issuance would have negatively impacted Malaysia’s ratings, which was why the former premier had decided to go on with the issuance.
ECRL subcontract awards expected in 2021, says Affin Hwang Capital
KUALA LUMPUR (Sept 26): Affin Hwang Investment Bank has maintained its “Overweight” call on the construction sector and said it expects tenders for the East Coast Rail Link (ECRL) to be called starting in 4Q19 for local subcontractors to undertake 40% of the civil works (excluding tunnel works).
Widad gets RM120m contract to build new solid waste transfer station in Kepong
KUALA LUMPUR (Sept 26): Widad Group Bhd, formerly known as Ideal Jacobs (Malaysia) Corp Bhd, has secured an RM120.
Bakke and Azlan Zainol were the only 1MDB directors doubtful over 1MDB-PSI venture, says witness
KUALA LUMPUR (Sept 26): Tan Sri Mohd Bakke Salleh and Tan Sri Azlan Zainol were the only 1Malaysia Development Bhd (1MDB) directors who scrutinised the irregularities surrounding the 1MDB-PetroSaudi joint venture (JV) in 2009, which eventually spiralled to burn a sum of US$1.
Vanke commits to preserving Bukit Nanas
BEIJING (SEPT 25): Vanke Holdings (Malaysia) Sdn Bhd is committed to working with the Malaysian government to preserve the Bukit Nanas Forest Reserve by providing resources including the relevant technology and technical help.
Budget 2020 to lighten pressure on BNM to pursue another rate cut in 2019 — UOB
KUALA LUMPUR (Sept 25): UOB Group anticipates Bank Negara Malaysia (BNM) to remain patient before making further interest rate adjustments as the nation's Budget 2020, which is expected to include expansionary measures to support the economy, will lighten the pressure on BNM to pursue another rate cut in 2019.
Jomo says ECRL cancellation can be done without affecting relations with China
KUALA LUMPUR (Sept 25): Finance Minister Lim Guan Eng's concern about putting Malaysia's "national considerations at stake" is valid, but the cancellation of the East Coast Rail Link (ECRL) can still be done through proper negotiations without affecting bilateral relations with China, said prominent economist Professor Dr Jomo Kwame Sundaram.
Goldman Sachs aims return 1MDB money and move on
BEIJING (Sept 25): Goldman Sachs Group Inc wants to help return money allegedly stolen from the Malaysian people through the 1MDB fraud case and resolve its entanglements with the affair, a senior bank executive said.
We aim to bring Jho Low in by end of year: Police
KUALA LUMPUR (Sept 25): Inspector-General of Police Datuk Seri Abdul Hamid Bador said today the police know where to find fugitive financier Low Taek Jho, better known as Jho Low, and hope to bring him back by the end of the year.
