Revived projects seen encouraging for MRCB
Malaysian Resources Corp Bhd (Aug 5, 86 sen) Maintain buy with an unchanged target price (TP) of RM1.
Jho Low bulldozed Najib’s instruction letter for AmBank accounts, claims defence
KUALA LUMPUR (Aug 6): Fugitive businessman Low Taek Jho, who is known to have facilitated transfers to and from AmBank accounts of Datuk Seri Najib Razak between year 2011 and 2015, may have skipped the former prime minister’s approval in one of those transfers, the High Court was told yesterday.
Jho Low ordered RM40m transfer from SRC into Najib’s bank accounts
KUALA LUMPUR (Aug 6): Fugitive businessman Low Taek Jho (Jho Low) ordered RM40 million of SRC International Sdn Bhd funds to be channelled into former premier Datuk Seri Najib Razak’s AmBank accounts in the final week of December 2014 to ensure funds advanced by two Putrajaya Perdana Bhd units could be returned.
Najib applies to strike out RM52.6m suit by Deepak over RM198.9m Bank Rakyat loan debacle
KUALA LUMPUR (Aug 5): Former prime minister Datuk Seri Najib Razak, his wife, his brother and two others have applied to strike out the RM52.
Day 47 of Najib's SRC trial: Joanna Yu to continue testifying for seventh day
KUALA LUMPUR (Aug 5): The trial of Datuk Seri Najib Razak involving the alleged siphoning of RM42 million from SRC International Sdn Bhd into his account enters its 47th day today, with the defence to continue its cross-examination of former AmBank relationship manager Joanna Yu Ging Ping.
Kylie Jenner books Equanimity for birthday bash
PETALING JAYA (Aug 5): Kylie Jenner (of the Kardashians) has booked the superyacht Equanimity (recently renamed Tranquility) to celebrate her 22nd birthday.
Court of Appeal dismisses application to postpone 1MDB trial
PUTRAJAYA (Aug 5): The Court of Appeal today dismissed an application by both the prosecution and defence to postpone Datuk Seri Najib Razak's 1Malaysia Development Bhd (1MDB) or the Tanore trial, which is scheduled to begin on Aug 19.
HLIB: More US-China trade tensions could prompt OPR cut to 2.75% — lowest since March 2011
KUALA LUMPUR (Aug 5): Further escalation on trade tensions between the US and China could prompt Bank Negara Malaysia (BNM) to cut interest rates again as early as November — bringing them down to levels not seen since March 2011 — to mitigate any impact on domestic growth, said Hong Leong Investment Bank (HLIB).
Residents want double parking at nearby restaurant to stop
Residents of a Kepong condominium want action taken to resolve the issue of double parking at a nearby restaurant.
Lam Thye: Local authorities must ensure safety of lifts in public flats
PETALING JAYA: All local authorities must take proper measures to make sure lifts in all the country’s public flats are safe to use, The Star reported Tan Sri Lee Lam Thye saying today.
