News by Chester Tay

This followed a letter declaring the government was providing a guarantee for the loan — ex-KWAP official

Testifying before the court for the SRC International Sdn Bhd hearing today, the trial's 27th prosecution witness deputy accountant at the Prime Minister's Department, Putrajaya, Zarina Yusuf said Najib's last drawn salary in May 2018 was RM1,017,014.39.

This is the second time Justice Sequerah vacated fixed hearing date to make way for the hearing of Najib's SRC International Sdn Bhd case.

The group said its wholly-owned subsidiary WZS BinaRaya Sdn Bhd has accepted the letter of award from SIPP-YTL JV.

Finance Minister Lim Guan Eng told a media conference today that the first delivery of the new train set will happen in the first quarter next year, and the remaining will be delivered across the next five years.

"Their loans are secured 100%, there is nothing to worry about. The one who should be worried is MoF and the government because we guaranteed their loans. The government needs to find money to pay all these loans related to 1MDB, which we get nothing in return in terms of value."

The PMO said Bandar Malaysia will serve as a global hub to further attract high impact global finance, technology and entrepreneurial firms.

"We estimate that the assistance will raise the government's debt burden by 0.3% of gross domestic product (GDP) to 56.0% in 2019, substantially higher than median debt ratio for A-rated sovereigns of 37.8%, and up from 50.7% in 2017."

Ang said Prasarana was keen to partner with any parties on optimising the advertising and retail space available on the group's stations and its train sets.

The Chinese state-owned China Communications Construction Company Ltd (CCCC) has agreed to operate and maintain the project through a 50:50 joint venture (JV) with Malaysia Rail Link Sdn Bhd (MRL).