News by theedgemarkets.com

Shahrol: It was not something I wanted to read. The authors actually contacted me to ask what I thought about it and asked for some comments.

Article 117 under 1MDB's memorandum and articles of association (M&A) stated that matters such as the appointment of directors, the senior management team as well as matters relating to financial commitments would require then prime minister and finance minister Datuk Seri Najib Razak's approval.

Responding to questions from Najib's lawyer Tan Sri Muhammad Shafee Abdullah, Shahrol said he should not be charged and that he never made a deal with the prosecution and the MACC to testify against Najib.

In a bourse filing, the group said that its 60%-owned subsidiary SRS Consortium Sdn Bhd entered into a master agreement today with the Penang government over its appointment as the PDP for the infrastructure project.

MCT said the issues that plagued the property market such as market overhang, price unaffordability and lack of financing are expected to persist.

Headline IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI) rose sharply to 51.0 in June, its highest since September 2018.

Moving forward, the group said it believes that there will still be demand for properties in prime locations with attractive pricing.

The dispute arose from a 2009 land sale agreement for the Jeju Airest City project, which was inked between South Korea’s Jeju Free International City Development Center (JDC) and Berjaya Jeju Resort Ltd (BJR).

Malaysian Institute of Professional Estate Agents and Consultants president Francis Loh: The stamp duty waiver under the HOC is only for primary market properties, and the HBA and MIPEAC urge the government to consider extending this exemption to the secondary market.

Of the two new cases found today, one was detected in Kuala Lumpur and the other in Sabah.