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KUALA LUMPUR (June 11): Donaco International Ltd, which is linked to the late Genting Group founder Tan Sri Lim Goh Tong's grandsons, said today Benjamin Lim Keong Hoe's (pictured)  role as interim chief executive officer (CEO) and managing director has now concluded following Paul Arbuckle's appointment as CEO.

KUALA LUMPUR (June 11): The Federal Territories (FT) ministry cannot do without controversial company Yayasan Wilayah Persekutuan (YWP), said FT minister Khalid Samad today, in the latest instalment of the Rimba Kiara development saga.

KUALA LUMPUR (June 11): Malaysia Building Society Bhd (MBSB) is undertaking an internal restructuring that will result in its wholly-owned banking subsidiary — MBSB Bank Bhd, formerly known as Asian Finance Bank Bhd — being the group's holding company within the next two years.

PUTRAJAYA (June 11): The government has not come out with a decision on the targeted fuel subsidy mechanism that was proposed in the election manifesto, said Prime Minister Tun Dr Mahathir Mohamad.

  PETALING JAYA (June 11): The defence ministry (MinDef) will be taking measures against those who have encroached onto its land .

PUTRAJAYA (June 11): The government is looking into reducing the number of processes that businesses and investors need to go through to do business in Malaysia, said Tun Dr Mahathir Mohamad.

KUALA LUMPUR (June 11): Former SRC International Sdn Bhd chairman Tan Sri Ismee Ismail (pictured) told the High Court here today that former premier Datuk Seri Najib Razak, who was appointed as advisor emeritus of the company, has control of the subsidiary of 1Malaysia Development Bhd (1MDB).

  KUALA LUMPUR (June 11): Ikhmas Jaya Group Bhd announced yesterday that it has secured two subcontract jobs for the Setiawangsa–Pantai Expressway (SPE or better known as DUKE Phase 3) with a combined value of RM75.

KUALA LUMPUR (June 11): The refurbishment of three sets of monorail trains will be completed, and the train sets are expected to delivered by Aug 16 this year, says Transport Minister Anthony Loke.

  BALIK PULAU (June 11): The first low-cost rent-to-own (RTO) housing units for the poor have been rolled out by the Penang government.