News by theedgemarkets.com

Committee chairman Ramkarpal Singh (PH-Bukit Gelugor) said the first session will be held this Saturday (Oct 26) from 10am to 1pm at the old Sarawak State Assembly building in Petra Jaya, Kuching.

The trust, which owns Mid Valley Megamall and Gardens Mall, declared 2.31 sen of income distribution per unit. 

This follows a two-day break, during which Najib attended the SRC trial where the defence and prosecution made their oral submissions on the seven criminal charges over the embezzlement of RM42 million from 1MDB’s former unit SRC International Sdn Bhd.

Lead defence counsel Tan Sri Muhammad Shafee Abdullah argued that while a person can be charged under Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFA) without being charged for the predicate offence, that does not mean the prosecution is excused from proving the predicate offence.

This was also why Najib did not issue any statement to the public when he found out about the issue, counsel Tan Sri Muhammad Shafee Abdullah told a press conference after submitting in court at the close of the prosecution case in the SRC trial.

The sovereign wealth fund added that the divestment helped Khazanah raise RM8 billion in funds to be ploughed into various other sectors.

High Court judge Mohd Nazlan Mohd Ghazali will announce his decision on whether to acquit the former premier or ask him to call his defence at 10am on Nov 11.

"This would not solve the problem of high cost of living but will instead compound the problem."

The healthcare group has initiated discussions to cash out of its 62% stake in Hyderabad-based Continental Hospitals and 74% in Global Hospitals, by selling them back to the promoter family, Economic Times reported, quoting multiple sources.

Parkson Retail Group Ltd (PRGL) secured the loans from a syndicate of banks for a three-year term, Parkson Holdings said in a filing with Bursa Malaysia.