Prosecution shows Good Star's US$10.17m transfer to Red Granite
KUALA LUMPUR (Sept 26): Senior deputy public prosecutor (DPP) Datuk Seri Gopal Sri Ram produced a document showing that Red Granite Productions Inc had received US$10.
Jho Low, Najib faked meeting minutes to move US$750m from 1MDB to PSI
KUALA LUMPUR (Sept 26): In March 2011, Datuk Seri Najib Abdul Razak signed fabricated minutes of a meeting with 1DMB chief executive officer (CEO) Datuk Shahrol Azral Ibrahim Halmi that was drafted by Low Taek Jho, the High Court was told today.
Rehda hopes for expansionary Budget to spur spending
PETALING JAYA (Sept 26): The Real Estate and Housing Developers' Association Malaysia (Rehda) is cautiously optimistic about the market outlook for the next 12 months and looks forward to an expansionary Budget 2020 which will be tabled on Oct 11, 2019.
1MDB coughed up extra US$125m for PSI after Jho Low said Prince Turki 'complained to daddy' King Abdullah
KUALA LUMPUR (Sept 26): 1Malaysia Development Bhd (1MDB) coughed up an extra US$125 million (RM523.
Shafee: ‘If RM5b IMTN was suspended, Malaysia’s ratings would have been affected’
KUALA LUMPUR (Sept 26): Datuk Seri Najib Razak’s senior counsel said that the suspension of the RM5 billion Islamic medium term notes (IMTN) issuance would have negatively impacted Malaysia’s ratings, which was why the former premier had decided to go on with the issuance.
ECRL subcontract awards expected in 2021, says Affin Hwang Capital
KUALA LUMPUR (Sept 26): Affin Hwang Investment Bank has maintained its “Overweight” call on the construction sector and said it expects tenders for the East Coast Rail Link (ECRL) to be called starting in 4Q19 for local subcontractors to undertake 40% of the civil works (excluding tunnel works).
Widad gets RM120m contract to build new solid waste transfer station in Kepong
KUALA LUMPUR (Sept 26): Widad Group Bhd, formerly known as Ideal Jacobs (Malaysia) Corp Bhd, has secured an RM120.
Bakke and Azlan Zainol were the only 1MDB directors doubtful over 1MDB-PSI venture, says witness
KUALA LUMPUR (Sept 26): Tan Sri Mohd Bakke Salleh and Tan Sri Azlan Zainol were the only 1Malaysia Development Bhd (1MDB) directors who scrutinised the irregularities surrounding the 1MDB-PetroSaudi joint venture (JV) in 2009, which eventually spiralled to burn a sum of US$1.
Budget 2020 to lighten pressure on BNM to pursue another rate cut in 2019 — UOB
KUALA LUMPUR (Sept 25): UOB Group anticipates Bank Negara Malaysia (BNM) to remain patient before making further interest rate adjustments as the nation's Budget 2020, which is expected to include expansionary measures to support the economy, will lighten the pressure on BNM to pursue another rate cut in 2019.
Jomo says ECRL cancellation can be done without affecting relations with China
KUALA LUMPUR (Sept 25): Finance Minister Lim Guan Eng's concern about putting Malaysia's "national considerations at stake" is valid, but the cancellation of the East Coast Rail Link (ECRL) can still be done through proper negotiations without affecting bilateral relations with China, said prominent economist Professor Dr Jomo Kwame Sundaram.
