News by Ahmad Naqib Idris

Najib was alleged to have used his position as prime minister to evade disciplinary, civil or criminal action by ordering the alteration of 1MDB's final audit report before it was submitted to the PAC.

Sessions Court Judge Rozina Ayob set bail at RM500,000.

An SPV is tasked to take over the pilgrims fund’s underperforming assets worth RM19.9b

“Altogether, we will be launching over 600 units, with 30% of the units to be priced at around RM300,000, while the rest of the units will be in the mid-to-high range.”

Gamuda achieved its targeted sales of RM3.6 billion for the financial year ended July 31, 2018 (FY18), equally contributed by domestic and foreign sales. Seventy percent of the group’s profit was derived from its foreign projects while local projects made up the smaller portion.

"We agree with the comment that it is too big and too luxurious. But our responsibility is to manage the project delivery for the government — the size and number of stations were all decided by the government. 

"We will still be involved in Malaysia but it won't be sufficient for the growth we are aiming for."

BBCC Development Sdn Bhd said 90% of the first block of serviced apartments, Lucentia 1, have been sold, while Lucentia 2 has seen 60% of units sold. Meanwhile, the strata office is also 60% sold. 

These were among issues highlighted by Auditor-General’s Report 2017 Series 2.

UMW said the proposed disposal will enable the group to fully unlock and realise the value of its long-held assets in Shah Alam as part of its broader strategic thrust of sustainable value creation for shareholders.