Higher FY20 profit expected for Sunway REIT

Maintain buy with a lower target price (TP) of RM2: Sunway Real Estate Investment Trust’s (REIT) management targets to grow its property value to RM13 billion to RM15 billion by financial year 2025 (FY25), from RM8 billion at end-FY19, and diversify its asset base by increasing the allocation for service and industrial assets.

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Further define corporate liability provision in MACC Act: Consultant

KUALA LUMPUR (Oct 23): The new corporate liability provision in the Malaysian Anti-Corruption Commission Act 2009 under Section 17A needs to be further defined, so corporate organisations know exactly how to implement the right procedures and prevent corruption, a risk management consultant said yesterday.

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Apex court to decide tomorrow if Sri Ram, govt can appeal against leave to challenge 1MDB-Tanore lead prosecutor appointment

KUALA LUMPUR (Oct 14): The Federal Court in Putrajaya is expected to decide tomorrow whether appointed senior Deputy Public Prosecutor (DPP) Datuk Seri Gopal Sri Ram (pictured), the Attorney General's Chambers (AGC) and the government can appeal against the appellate court's decision that granted leave to Datuk Seri Najib Razak and lawyer Tan Sri Muhammad Shafee Abdullah to challenge the appointment of Sri Ram as a prosecutor in the case.

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