News by theedgemarkets.com

MACC chief commissioner Latheefa Koya: Our investigation will show that these monies that they have received — that we are now seeking back by way of compound — are monies from 1MDB. They belong to the Malaysian public.

"The money that we generate from the sales of assets will then be reinvested into other assets, and we want to make sure that it gives a better return and profit to Khazanah and subsequently will be able to give dividends to the government."
 

Najib’s lead attorney Tan Sri Muhammad Shafee Abdullah is expected to conduct the cross-examination, which may extend until next week.

In a bourse filing yesterday, Anzo said it has entered into a mutual termination agreement with Tinta Anggun Engineering Sdn Bhd for the termination.

He said when the government proposed to repeal the Anti-Fake News Act, some people said the law was necessary as it will prevent fake news from spreading.

"Our earlier estimate of the value of ECRL civil works remains intact at between RM22 billion and RM26 billion, being 50-60% of the total project cost of RM44 billion. Based on the 40% portion of civil works for local contractors and after including the 50km spur lines, we arrive at an estimated range of RM9 billion to RM11 billion."

Federation of Malaysian Manufacturers: Given the weak external environment and amid current global tensions, we believe that priority should be given to strengthen the economy and restore more favourable business conditions. Therefore we note this will be the opportune time to reintroduce the GST system.

Judge Nordin has today allowed the application by the respondent to postpone the hearing date in order to bide for a Court of Appeal decision.

Under the repayment schedule, the next payment is due on Feb 28, 2020, involving an amount of RM37.81 million, it said in a statement today.

The association debunked misleading reports that disposable rubber gloves from Malaysia were affected by the withhold release order by the US Customs and Border Protection.