Jho Low’s name found in phone of banker handling Najib’s accounts

KUALA LUMPUR (July 12): A Bank Negara Malaysia (BNM) officer testified yesterday he noticed the name of fugitive businessman Low Taek Jho, better known as Jho Low, in data extracted from a mobile telephone belonging to a bank officer who handled former premier Datuk Seri Najib Razak’s personal accounts.

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Dhaya Maju LTAT wins back KVDT2 job, but contract value cut by 15%

KUALA LUMPUR (July 9): Syarikat Dhaya Maju LTAT Sdn Bhd — a 80:20 joint venture between privately-held construction company Dhaya Maju Infrastructure (Asia) Sdn Bhd (DMIA) and Lembaga Tabung Angkatan Tentera (LTAT) — has won back the second phase of the Klang Valley Double Track (KVDT2) rehabilitation contract, 10 months after it was terminated.

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None of SRC's money went to Nik Faisal's account, argues prosecution

KUALA LUMPUR (July 8): The prosecution has argued that none of the money that were transferred from SRC International Sdn Bhd's bank account went into former managing director Nik Faisal Nik Ariff Kamil's bank account, despite the defence's assertions that witness Datuk Suboh Md Yassin's signatures on the bank transfer documents were forged by Nik Faisal.

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Cabinet to decide on local govt elections by year end

KUALA LUMPUR (July 8): Malaysia will not implement local government elections until the Cabinet decides on the matter by end of this year, says Deputy Housing and Local Government Minister Datuk Raja Kamarul Bahrin Shah Raja Ahmad Baharuddin Shah today.

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Five fallacies about the highway takeover offer

PETALING JAYA (July 8): The proposed acquisition of four toll concessionaires will save billions of ringgit for taxpayers and highway users, while providing shareholders of the toll concessionaires a limited but reasonable return on their investment to ensure the stability of the fragile financial markets The finance minister issued two separate statements on June 22 and 26,  2019 to explain the benefits and rationale of the proposed offer to acquire four highway concessionaires (LDP, SPRINT, Kesas and SMART) by the government.

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Villamas to build lifestyle mall in Seri Kembangan

PETALING JAYA: Property developer Villamas Group wants to elevate the quality of life for those living in Seri Kembangan, Selangor with its upcoming mall called META_mall which is part of its meta_city mixed-use transit-oriented development.

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