News by Adam Aziz

All MPs will be invited to undergo a personal interview with the King on a one-on-one basis.

Adding to the drama was the departure of 11 members of Parliament (MPs) from PKR, an exodus led by its deputy president Datuk Seri Mohamed Azmin Ali.

In a statement posted on his Facebook account, the erstwhile PKR deputy president said the group was convinced that the efforts to force Mahathir to set a date to hand over his prime ministership was an "evil plot to make the prime minister a lame duck PM".

Mounting political uncertainties are expected to exert selling pressure on the local bourse, which is already clouded by economic concerns particularly after the COVID-19 virus outbreak.

The group has changed its financial year end to June 30, 2020 from Dec 31, 2019 after the emergence of YTL Cement Bhd as its largest shareholder.

The job was awarded by R&F Development Sdn Bhd to Ranhill’s wholly-owned unit Ranhill Water Technologies Sdn Bhd (RWT), and that it will be completed in the next nine months.

The weaker hotel segment was caused by the weakening of the Australian dollar against the ringgit, the REIT said, noting revenue and net property income from its Australian properties had improved due to continuous improvement in room sales subsequent to the completion of refurbishment of Brisbane Mariott, as well as operational efficiency and cost savings.

This follows an earlier Heads of Agreement with SHSB’s shareholders, Prihatin Ehsan Holdings Sdn Bhd and Training Camp Aabata Sdn Bhd, for the acquisition of 90% of SHSB last October.

In a filing today, Heng Huat cited “personal matter” as the reason for Teoh’s resignation.

The meeting had been called by the company’s current directors, who are embroiled in a boardroom tussle with Safari Alliance Sdn Bhd, which has a 11.83% stake in Tiger Synergy.