‘Wolf of Wall Street’ production company pays US$60mil 1MDB settlement

Sep 25

PETALING JAYA (September 25): Production company Red Granite Pictures has paid off the balance of its US$60 million (RM234 million) settlement with the US government Red Granite had been accused of using more than $100 million embezzled from 1MDB, The American magazine Variety reported that in an agreement reached with federal prosecutors in March, Red Granite had promised to make the forfeiture payment in three instalments.

Najib’s brother Nizam quits Petra Energy board after seven months

Sep 25

KUALA LUMPUR (September 25): Former prime minister Datuk Seri Najib Razak’s brother Datuk Mohamed Nizam Razak has resigned as Petra Energy Bhd’s non-independent and non-executive director, after holding the position for only seven months since February this year.

‘The sun is setting on my time in CIMB’

Sep 25

KUALA LUMPUR (September 25): In an Instagram post yesterday, with a picture of himself and the setting sun as the background, Datuk Seri Nazir Razak wrote that “the sun is setting on my time in CIMB”, as he revealed he would be stepping down as chairman of CIMB Group by Dec 31.

Sapura Energy bags contracts worth RM815m

Sep 25

KUALA LUMPUR (September 25): Sapura Energy Bhd’s wholly-owned units have secured three new jobs and a contract extension valued at about RM815 million.

Merdeka PNB118 skyscraper aims to become KLCC alternative

Sep 24

PETALING JAYA (Sept 24): The Merdeka PNB118 skyscraper coming up near Stadium Negara here will become an alternative location to Kuala Lumpur City Centre (KLCC), said its developer PNB Merdeka Ventures Sdn Bhd.

Bina Puri cautious on FY18 construction biz outlook

Sep 24

KUALA LUMPUR (Sept 24): Bina Puri Holdings Bhd said it is cautious on the performance of its core construction business for the remaining months of its financial year ending Dec 31, 2018 (FY18), following the slew of changes to projects after the 14th general election (GE14).

Tony Pua: Govt to continue compensating highway operators

Sep 24

PETALING JAYA (Sept 24): The government will continue to compensate highway concessionaires for not raising their toll fares as it seeks to fulfill its election promise of abolishing tolls, said special officer to the Finance Minister Tony Pua.

It is confirmed, no cable car for Bukit Larut

Sep 24

IPOH (Sept 24): Talk resurfaced recently about the construction of a cable car service at the popular Bukit Larut, Perak but a state government official has reconfirmed that there are currently no plans for such a project.