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KUALA LUMPUR (Aug 7): CIMB Group Holdings Bhd, which missed its 50% cost to income target last year, launches a new human resources (HR) initiative called FlexMyCareer which is perceived by others in the banking industry as another way to further downsize its workforce.

KUALA LUMPUR (Aug 6): Former second finance minister Datuk Seri Ahmad Husni Hanadzlah (pictured) today described former premier Datuk Seri Najib Razak as an autocratic person in his dealings with 1Malaysia Development Bhd (1MDB) and former 1MDB subsidiary SRC International Sdn Bhd.

KUALA LUMPUR (Aug 6): The Construction Industry Development Board (CIDB) Malaysia hopes there will be allocation under Budget 2020 for incentives to encourage the construction industry to adopt Building Information Modelling (BIM).

KUALA LUMPUR (Aug 6): Tan Sri Muhammad Shafee Abdullah, the lead counsel for Datuk Seri Najib Razak in the SRC International Sdn Bhd trial, expressed frustration with former Minister of Finance II Datuk Seri Ahmad Husni Mohamad Hanadzlah's testimony today.

KUALA LUMPUR (Aug 6): Department store operator Parkson Corp Sdn Bhd, which shut its 20-year-old store in Suria KLCC earlier this year, has shut another store — the Parkson M Square Mall in Puchong, Selangor.

KUALA LUMPUR (Aug 6): Malaysia Steel Works (KL) Bhd's (Masteel) standalone credit profile remains vulnerable to fluctuations in steel price, fluctuating cost of raw materials and increased competitive pressures in the Malaysian market, according to Malaysian Rating Corp Bhd (MARC).

KUALA LUMPUR (Aug 6): Datuk Seri Najib Razak (pictured) saw a total of RM606.

PETALING JAYA (Aug 6): A property consultant recently said that developers should stop constructing serviced apartments in Johor Bahru.

KUALA LUMPUR (Aug 6): Yayasan Penyelidikan Transformasi and K&Z Enterprise Sdn Bhd indicated to the High Court here today that they will not object to the gazette of third-party notice for forfeiture sought by the Malaysian Anti-Corruption Commission (MACC) over assets purportedly from 1Malaysia Development Bhd (1MDB).

KUALA LUMPUR (Aug 6): Low Taek Jho had referred to former prime minister Datuk Seri Najib Razak as "Optimus Prime" — the ultimate leader for Autobots, the main protagonists of the animated alien robot series Transformers, the High Court was told today.