Pekat Group secures 15-year power purchase agreement
KUALA LUMPUR (Nov 15): Pekat Group Bhd has secured a power purchase agreement (PPA) to supply solar-generated electricity to Majlis Bandaraya Seberang Perai (MBSP) for a 15-year period.
Prosecution not calling Nazir in 1MDB trial despite what he wrote in book 'What's in a Name'
PUTRAJAYA (Nov 15): The prosecution on Monday (Nov 15) said they would not be calling former banker Tan Sri Nazir Razak to possibly testify in the 1Malaysia Development Bhd (1MDB) trial involving his eldest brother and former premier Datuk Seri Najib Razak despite revelations in Nazir's book "What's in a Name" that came out this month.
Class B creditors back AirAsia X's RM63.5b debt restructuring plan, one more creditors' meeting to go
KUALA LUMPUR (Nov 12): After getting full support from its Class A creditors earlier, AirAsia X Bhd (AAX), which is holding three separate meetings with its scheme creditors on Friday (Nov 12) to vote on its plan to restructure RM33.
Former 1MDB CFO: Decision to transfer US$3b 1MDB funds to third parties came from Najib
KUALA LUMPUR (Nov 12): 1Malaysia Development Bhd’s former CFO Azmi Tahir told the court on Thursday (Nov 11) that he could not question decisions to transfer US$3 billion of 1MDB funds to third parties, as these instructions came from the office of then prime minister Datuk Seri Najib Abdul Razak.
Hong Kong apartment breaks record as most expensive transaction psf in Asia
HONG KONG (Nov 12): An apartment in Hong Kong Island was recently sold for HK$640 million (RM342 million), effectively making it the most expensive sale psf in Asia, reported Bloomberg on Nov 11.
After terminating six EPCC contracts abroad, SCIB secures RM64m job in KL
KUALA LUMPUR (Nov 12): Sarawak Consolidated Industries Bhd (SCIB) has secured an engineering, procurement, construction, and commissioning (EPCC) contract worth RM63.
Market potential of Chinatown
In 2018, Singapore-listed property group GSH Corp announced it was taking a 50% stake in a special purpose vehicle that owned a prime land parcel of 1.
Ex-1MDB CFO testifies that Najib wielded 'ultimate power' in fund
KUALA LUMPUR (Nov 11): Former prime minister Datuk Seri Najib Razak (pictured) wielded "ultimate power" when it came to decision-making in 1Malaysia Development Bhd (1MDB), its former chief financial officer (CFO) Azmi Tahir told the High Court here on Thursday.
Six months on, still no sign of decision on Najib's appeal over SRC conviction
PUTRAJAYA (Nov 11) : A week from now (Nov 18), it would be exactly six months the Court of Appeal has yet to deliver its decision over former premier Datuk Seri Najib Razak's appeal over his conviction and 12 years jail and RM210 million fine with regards to SRC International Sdn Bhd.
Rosmah applies to recuse Justice Zaini from hearing her money laundering case
KUALA LUMPUR (Nov 11): Datin Seri Rosmah Mansor has filed an application to recuse High Court Judge Mohamed Zaini Mazlan from presiding over her second trial involving 17 counts of money laundering and income tax offences to a sum of RM7.
