News by theedgemarkets.com

For that to happen, MBSB still has to convert its conventional assets worth about RM1 billion to Islamic assets, which make up about 10% to 12% of its asset portfolio.

"We have only come to the stage of getting the data. No real decision has been made [on the mechanism]," Dr Mahathir said. 

"We see businesses find it difficult to obtain approval to invest and contribute to the growth of the economy," said Dr Mahathir. 

When asked by the prosecution about the implication of the amendment, Ismee said: "The implication to SRC is that the advisor emeritus' views would have to be taken into account in material and strategic issues on the company."

It has secured two subcontract jobs for the Setiawangsa–Pantai Expressway (SPE or better known as DUKE Phase 3) with a combined value of RM75.3 million, from Knusford Construction Sdn Bhd. 

Loke said the three sets of trains will start to operate immediately after being delivered to Prasarana Malaysia Bhd.

Ismee, who was formerly Tabung Haji's chief executive officer. told the court yesterday that he left SRC in 2014 after three years due to governance issues that included the company not submitting its audited report in 2013.

Lim commented that the report is "baseless speculation" that is "grossly unfair".

Rutherford was never on BNZ’s payroll and that her withdrawal happened just as she joined the company.

"The Ministry of Transport also urges the media to not make any speculative reports regarding the construction of airports without confirming this with the ministry."