Ex-1MDB CEO agrees that TIA was not Najib's idea

KUALA LUMPUR (Oct 7): Former 1Malaysia Development Bhd (1MDB) CEO Datuk Shahrol Azral Ibrahim Halmi concedes before the High Court today that the beleaguered state-owned fund was not the ‘baby’ of Datuk Seri Najib Razak as its inception was not mooted by the former prime minister.

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Shahrol: I wouldn't blame Najib for trusting Jho Low

KUALA LUMPUR (Oct 7): Datuk Shahrol Azral Ibrahim Halmi, former CEO of Terengganu Investment Authority Bhd (TIA) and then 1Malaysia Development Bhd (1MDB), agreed with the defence’s suggestion that he does not blame former prime minister Datuk Seri Najib Razak for trusting fugitive financier Low Taek Jho and Casey Tang Keng Chee, which was former 1MDB executive director of business development.

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'Do away with ouster clauses'

KUALA LUMPUR (Oct 7): Ouster clauses should be made unconstitutional, says former Federal Court justice Datuk Seri Gopal Sri Ram, referring to laws passed by Parliament that seek to prevent a judicial review of decisions made by the executive branch of the government.

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Upcoming Budget 2020 expected to boost construction job growth

Construction sector Maintain neutral: We expect the upcoming Budget 2020 announcement on Oct 11 to prioritise public transport projects but limited to those already awarded, revised and approved: Light Rail Transit Line 3 (LRT3), Mass Rapid Transit Line 2 (MRT2) and East Coast Rail Link (ECRL).

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Short-term pains seen on road to SPV 2030

KUALA LUMPUR (Oct 7): If executed efficiently, Malaysia’s new economic development narrative Shared Prosperity Vision 2030 (SPV 2030) will be timely as it would rejuvenate economic growth at a time when growth momentum is slowing.

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1MDB-Tanore Trial Day 17: Defence to cross-examine ex-1MDB CEO

  KUALA LUMPUR (Oct 7): The cross-examination of former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi, who is testifying against Datuk Seri Najib Razak as the ninth prosecution witness in the 1MDB-Tanore trial, is expected to commence today.

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