News by theedgemarkets.com

MACC investigating officer Mohd Zamri Abdul Rashid had testified that based on his investigations, businessman Junaith Asharab Md Shariff had direct contact with Zahid and his brother Mohamad Nasaee and had handed them cheques totalling RM13.25 million.

Platinum Victory executive director Gan Yee Hin: The market for new home ownership, especially among millennials, young families and new house buyers, continues to grow steadily and drive demand for affordable housing here.

Health Director-General Tan Sri Dr Noor Hisham Abdullah said the new cases comprise 2,054 local cases and nine import cases, with Selangor topping the list with a total of 630 cases, followed by Pulau Pinang (337 cases), Sarawak (361 cases), Johor (255 cases) and Kuala Lumpur (120 cases).

"Negotiations have started but it remains unclear if there are any final outcomes from negotiations as yet," said a source.

“The government is very keen to see how long-term investors like Khazanah can do their part to help spur investments in the sectors, bring about new industries and new entrants to come in, and maybe even partner with the private sector to do this,” said Khazanah managing director Datuk Shahril Ridza Ridzuan

Khazanah said the impact of the Covid-19 pandemic led to higher impairments of RM6 billion.

While the reimposition of containment measures will affect growth in the first quarter, BNM said the impact is expected to be less severe than that experienced in the second quarter of 2020.

This follows the bench led by Court of Appeal president Tan Sri Rohana Yusuf today allowing the appeal by Kepong member of Parliament (MP) Lim Lip Eng to strike out the suit by Datuk Seri Ong Ka Chuan, the then-MCA secretary-general who sued on behalf of the party following statements made by the DAP representative.

LPI Capital Bhd chairman Tan Sri Dr Teh Hong Piow: The recovery of external demand will be a key catalyst for the recovery of the Malaysian economy, which the government has projected to grow between 6.5% and 7.5%. However, it will be largely dependent on the ability of governments around the world to contain the spread of the virus, and a recovery in demand in their respective nations.

Bukit Aman Commercial Criminal Investigation Department director Datuk Zainuddin Yaacob urged all parties to refrain from speculating until the investigations are complete and findings are handed over to the Attorney-General’s Chamber.