News by Ahmad Naqib Idris

In a filing with Bursa Malaysia, the company said the subsidiary, Ikhmas Jaya Sdn Bhd (IJSB), owes RMCC money for the supply of ready-mixed concrete.

Their collective worth of US$79 billion (RM329 billion) was down 7% year-on-year.

CGS-CIMB analyst Sharizan Rosely said channel checks by the research house revealed more concerns than optimism surrounding the projects previously outlined, including the Johor-Singapore Rapid Transit System (RTS), new tenders for the East Coast Rail Link (ECRL), awards for the Light Rail Transit (LRT), the highway scopes of the Penang Transport Master Plan (PTMP) and the KL-Singapore High Speed Rail (HSR).

“BNM and the authorities have to consider how much room there is to manoeuvre given that the COVID-19 situation continues to evolve and the effects could potentially be more severe as the virus spreads to more countries.”

Hours later, the US Federal Reserve also announced an emergency half-percentage point interest rate cut in a bid to protect the longest-ever economic expansion from the outbreak.

In a filing today, the group said its wholly-owned Singapore-based subsidiary Pintary Foundations Pte Ltd secured the contracts.

MBSB's writeback for impairment on loans, financing and advances and other financial assets is termed expected credit losses (ECL) in notes accompanying the group's financials. MBSB said revenue rose to RM784.14 million from RM680.37 million.

To ensure the continued smooth daily operations at MEDAC, the ministry has designated Datin Dr Syahira Hamidon to be in charge of the entire ministry and the primary industries sector.

The Genting Group claims that the use of the “Genting” trade name for the project was done without any prior approval, licence and permission of the group.

According to Mohd Irwan's lawyer Lavinia Kumaraendran, Justice Mohd Nazlan Ghazali has set Nov 23-26, Nov 30 to Dec 3 and Dec 7-10 as the trial dates for this year.