Govt to bear RM10.3b losses in Tabung Haji rescue plan (Updated)
“In the event the value of the assets depreciates further, then the losses for the government will be higher than RM10.3 billion.”
KKB Engineering expects to achieve strong results in FY19
The group also attributed the higher earnings to higher other income, in which RM6.9 million was recognised following a settlement from an arbitration reached between its wholly-owned unit KKB Builders Sdn and Global Upline Sdn Bhd.
Najib issued six cheques totalling RM15m to Umno Kedah, court told
Umno Kedah is among 41 entities which the Malaysian Anti-Corruption Commission (MACC) had filed forfeiture suits against to recover assets linked to 1MDB.
S P Setia 3Q net profit jumps 67% on higher property development revenue
In a filing today, the developer said revenue for the quarter slipped to RM932.07 million from RM993 million previously as it had last year completed and handed over its Australian project Maison Carnegie, of which the revenue and profits were recognised on completion basis.
1MDB-Tanore trial hearing adjourned as Shahrol, Shafee are ill
High Court judge Collin Lawrence Sequerah said he had no choice but to adjourn today's proceedings and vacate tomorrow's round of the trial as well, because Shahrol and Shafee's ailments are preventing them from attending hearings.
Najib, Arul Kanda 1MDB audit tampering trial to begin next Monday
This follows Justice Mohamad Zaini Mazlan saying he is disinclined to grant an adjournment.
UEM Sunrise to see RM54.3m gain from disposal of Australian property
“The proposed divestment allows UEM Sunrise to immediately unlock the value of the property at a gain in line with market value, and free up the cash to enable the group to pursue other investments and venture opportunities,”
EcoWorld International tops out first Australian project
The occasion was celebrated with an intimate onsite ceremony attended by the mayor of Parramatta, Lord Mayor Bob Dwyer, EWI executive vice chairman Tan Sri Liew Kee Sin, and EWI president and chief executive officer (CEO) Datuk Teow Leong Seng.
Four new contenders for Seacera board seats
Seacera's stock exchange filing today showed that the four — Abdul Razak Jamaludin, Mohamad Safwan Abdul Malek, Rozaidi Baharudin and Rozana Ismail — have consented to their nomination.
Pestech bags RM38m smart meter supply job from TNB
Its unit, Pestech Sdn Bhd, received the letter of award last Friday, which is to last two years, the group said in a filing yesterday.
