News by theedgemarkets.com

According to a statement, chief executive officer Datuk Wira Boo Kuang Loon said that he is raising his stake in the group, which currently stands at 12%, via special purpose vehicle (SPV) Domain Capital Sdn Bhd (DCSB) which will subscribe to 100 million new shares in the group.

In December 2018, EcoFirst had proposed to subscribe for a 20% stake in Geo Valley for RM13,333.46, followed by an acquisition another 50% stake for RM44 million from Geo Valley shareholders.

In a statement today, Standard Chartered Malaysia said it has passed the entire benefit of the cut to all its existing home loan customers, who will receive the benefit with immediate effect.

The ministry said it is spending RM99.19 million to subsidise RON95 and diesel fuel during this period.

The cuts are effective today and reduce the BR and BLR to 3% and 6.65% respectively.

The remaining dates for the proceedings this month will be on May 28 and 29. The trial will then continue right after the Hari Raya Aidilfitri break from June 10 to 14.

As Malaysia's 1Q19 GDP growth exceeded expectations of international funds, Lim describes the growth as "impressive". He said the 1Q19 GDP growth could have been better, if not for production supply shocks.

Goh's lawyers M Puravalen and Ragunath Kesavan informed High Court judge Justice Mohamed Zaini Mazlan that they would be acting for her after deputy public prosecutor (DPP) Muhammad Shukri Hussain, who appeared together with DPP Fatnin Yusof and DPP Liew Horng Bin, informed the court that they were unsuccessful in serving the papers to Goh.

"This case, there is no predicate offence in these set of charges and we are considering to strike out these charges,"

Guan Eng said the total amount of the funds stood at RM202,716,775.10 as of Jan 14, the closing date for contributions. In addition, there was an interest amount received from fixed deposit investments totalling RM575,342.31 up to March 31.