News about li

KUALA LUMPUR (September 27): RAM Ratings has downgraded the long-term rating of MRCB Southern Link Bhd’s RM845 million senior sukuk to C1 from BB3 on heightened default risk following the abolishment of toll collections at the Eastern Dispersal Link (EDL) which is being taken over by the government.

KUALA LUMPUR (Sept 26): Joint management body (JMB) treasurer of Mutiara Fadason low-cost flats in Kepong, Song Kok Ann, 46, was punched in the face by a resident who was angry about the move not to use Kuala Lumpur City Hall’s (DBKL) contractor to fix broken down lifts, The Star daily reported today.

KUALA LUMPUR (September 26): A mediating body to handle complaints by residents of high-rise buildings is set to be launched by Oct 1.

PETALING JAYA (September 26): Clare Rewcastle-Brown, editor of Sarawak Report asks the authors of Billion Dollar Whale to reveal their source, for information contained in the book on the 1Malaysia Development Bhd financial scandal.

KUALA LUMPUR (Sept 26): Embattled former prime minister Datuk Seri Najib Razak (pictured) has been summoned by Parliament’s Public Accounts Committee (PAC) to explain “missing” goods and services tax refunds amounting to RM19.

Sapura Energy Bhd (Sept 25, 44 sen) Maintain trading buy with an unchanged target price (TP) of 81 sen: Sapura Energy Bhd announced that it had been awarded multiple contracts in four different countries — Malaysia, Australia, Brunei and Nigeria — with a combined value of about RM815 million.

KUALA LUMPUR (Sept 25): Just a day after announcing that employers would only have to pay 20% of the RM10,000 levy for each foreign worker, Finance Minister Lim Guan Eng today did an about-turn and said employers will have to continue to pay the levy in full.

PETALING JAYA (Sept 25): Boutique property developer Temokin Development Sdn Bhd, a subsidiary of Temokin Holdings Sdn Bhd, has launched the first phase of its maiden property project – the Mahligai at Nusa Damai, Pasir Gudang, Johor – today, it said in a press release.

Billion Dollar Whale co-author Tom Wright said that a movie deal is in the works, based on the book that tells the tale of Jho Low and the machinations behind the 1MDB scandal.

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