News by theedgemarkets.com

According to the NTP, the government intends to align the planning of urban centres and public transport networks across the NTP 2019, National Urbanisation Policy and the National Housing Policy, and ensure development guidelines integrates land use and public transportation.

It said the contract value for the job will be payable upon completion of each work stages as agreed upon in accordance to the payment schedule stated in the agreement.

Called Sunway Residence Trust, the Trust will acquire purpose-built student accommodation in the UK via a special purpose vehicle to be set up in Guernsey.

The land measures 18.75 acres and Apex Healthcare said its wholly-owned unit has inked a conditional sale and purchase agreement yesterday to effect the acquisition.

In a nutshell, Article 117, which was inserted on August 11, 2009, states that it requires a written approval from the prime minister before 1MDB can decide on a wide range of issues.

“Upon successful completion of the project, it will have the capacity to supply 1,000 MLD (million litres per day) water supply and generation of 100 MW (megaWatt) electricity.”

This phase would entail 1MDB’s spending of another US$830 million to subscribe to notes issued by PSI’s unit, of which US$500 million is now missing, according to the prosecution in the 1MDB-Tanore trial.

“So I urge the government to increase the minimum wage to RM1,500 a month next year.”

"Isa told us that PM (Najib) wants FIC to reconsider the acquisition of the hotel. The board takes into consideration what Isa said and no questions were asked," said FIC ex-CEO Mohd Zaid Abdul Jalil.

The dupe JV agreement, inked on Sept 28, 2009, eventually resulted in 1MDB diverting US$700 million to Good Star Ltd, a company belonging to fugitive businessman Low Taek Jho, also known as Jho Low.