High Court allows Zahid's seven corruption charges to be heard in Shah Alam

KUALA LUMPUR (Aug 28): The High Court here today had dismissed the prosecution's application to overturn the Sessions Court's earlier decision to transfer former deputy prime minister Datuk Seri Ahmad Zahid Hamidi's (pictured) trial involving seven corruption charges linked to Malaysia's foreign visa system to the Shah Alam Sessions Court.

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Yong Tai reports first annual loss in five years

KUALA LUMPUR (Aug 28): Melaka-centric township property developer Yong Tai Bhd announced its first annual net loss in five years, due to losses incurred at its Encore Melaka theatre and after booking a one-off impairment loss in relation to the Terra Square retail mall.

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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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