ECRL, pipeline projects offered to China to bail out 1MDB

  KUALA LUMPUR (Sept 5): In an attempt to extricate and salvage 1Malaysia Development Bhd (1MDB) from the mounting debts that financier Low Taek Jho or Jho Low and his cohorts had plunged the company into, former prime minister Datuk Seri Najib Razak assembled in astonishing quick time, a handful of mega infrastructure projects that Malaysia could offer to China’s state-owned enterprises.

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Amhari, Azlin, Jho Low: Najib's 1MDB trio

KUALA LUMPUR (Sept 4): If fugitive businessman Low Taek Jho (also known as Jho Low) was the “unofficial adviser” to Datuk Sri Najib Razak, the late Datuk Azlin Alias, who died in a helicopter crash in April 2015, and Datuk Amhari Efendi Nazaruddin would be the sidekicks of the former prime minister in handling 1Malaysia Development Bhd (1MDB) affairs.

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UEM Edgenta terminates JV after incurring losses

KUALA LUMPUR (Sept 4): UEM Sunrise Edgenta TMS Sdn Bhd (UEMSET) has terminated its joint-venture (JV) agreement with Township Management Services Sdn Bhd (TMS) to operate Edgenta TMS Sdn Bhd (ETSB), which was conceived in 2016 as the country’s first holistic township management service operator.

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PSC cut 'not temporary' - Anthony Loke

SERENDAH (Sept 3): Transport Minister Anthony Loke Siew Fook said today Malaysia's proposed passenger service charge (PSC) cut for international travellers flying beyond Asean from klia2 and other airports besides the Kuala Lumpur International Airport (KLIA), to RM50 from RM73 is "not temporary" because the Cabinet has decided on the matter.

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REITs in favour

KUALA LUMPUR: Malaysia’s two biggest banks, Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd, said last week they expect Bank Negara Malaysia to cut the overnight policy rate (OPR) by another 25 basis points (bps) by year end, reflecting rising expectations of one.

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