News by theedgemarkets.com

...to discourage what is commonly referred to as "lazy balance sheets", where cash balances often remain idle.

Naza Quest's lawyer Md Yunos said he wants consent judgment to be recorded with criminal or civil liability on the company following its agreement to hand over the amount of RM269,662.

"For Malaysia, the stronger economic growth performance in the second quarter of 2019 was underpinned by the resilience of private spending amid broad-based expansion in key economic sectors," the central bank said in a statement.

Metronic Engineering was appointed by China Construction Yangtze River (Malaysia) to undertake a contract for extra low voltage system works.

Jamaluddin's half-brother Mohamad Najeb Ali said Nur Anis was not involved in the management of the companies owned by her father, until after his passing in 2015.

Tadmax said its wholly-owned subsidiary Tadmax Indah Power Sdn Bhd received a letter from the Energy Commission (EC) today, notifying that the government of Malaysia had agreed on Aug 29 for the development of the project to proceed.

Chief executive officer Gary Dass said the funding of the plant will be sourced externally, and the financing part is now handled by its joint venture (JV) partner, Culzean Generation Ltd.

"Among the issues and recommendations that were discussed are on the areas of political financing, government procurement, fiscal responsibility, federal-state fiscal allocation, subsidies and the Bumiputera agenda.”

In a bourse filing yesterday, Pintaras said the contracts were secured via its indirect wholly-owned subsidiary in Singapore, Pintary Foundations Pte Ltd.

Shafee told the High Court here today that Najib is expected to miss tomorrow's hearing as well due to his condition.