News by theedgemarkets.com

The 1MDB-Tanore trial involving Najib is already entering its 21st day today, as it began on Aug 28 with Sri Ram, a former Federal Court judge, leading the prosecution team, which comprises 12 other deputy public prosecutors.

In April, G3 had inked a memorandum of understanding with SenseTime Group Ltd and China Harbour Engineering Company Ltd (CHEC) to set up the AI park in Malaysia, with a total investment of US$1 billion.

The plaintiffs of the case, led by deputy public prosecutor Fatnin Yusof, were told by High Court Judge Mohamed Zaini Mazlan today to share the coloured photographs and proper description of the items for Najib and Rosmah to identify whether they were personally purchased or gifted by the duo's acquaintances.

"As at Sept 21, 2019, when PDP terminated, only 12 packages were awarded.”

In the Budget 2020 announcement last Friday (Oct 11), Finance Minister Lim Guan Eng said the Cabinet has approved the takeover four Klang Valley highways, which will be funded via government-guaranteed borrowings.

Ku Nan is charged under Section 165 of the Penal Code which carries up to two years imprisonment or a fine or both, upon conviction for receiving a RM2 million bribe as a public officer, namely the Federal Territories Minister.

Pragmatic, carefully curated to benefit the rakyat across ethnic groups and with timely incentives to reduce the country's dependence on foreign labour — these are among the comments from Malaysia's top bankers on Budget 2020, which was tabled in Parliament today by Finance Minister Lim Guan Eng.

It should be noted that Prasarana and SMRT have not inked a joint venture agreement, originally scheduled for June 30, 2018.

The minimum wage was previously raised to RM1,100 per month, starting from January 2019.

“This increase will affect approximately 2,000 top income earners in the country,” Finance Minister Lim Guan Eng said while tabling Budget 2020 today.