News by Emir Zainul

According to Rosmah’s lawyer Mohamed Reza Rahim, there have not been any charges against Najib and Rosmah.

Works Minister Baru Bian said CIDB had issued a stop-work order for construction works on Feb 15 to facilitate the investigations, including sample collection of construction materials for standards compliance tests.

Ooi resigned "to focus on his personal matter", according to Heng Huat's filing with Bursa Malaysia yesterday.

"Given the fast developing nature of the outbreak and recognising that the disruption in global trade and business activities may impact some of our customers, we stand ready to provide assistance should the need arises."

During cross-examination by ad-hoc prosecutor Datuk V Sithambaram today, Najib said he could not remember whether the second government guarantee for a subsequent RM2 billion loan from KWAP to SRC was tabled to the Dewan Rakyat.

The steel products manufacturer said the 3.48 million sq ft land, currently owned by Kapar Holding Sdn Bhd, is situated at the proximity of the group’s present plant and office in Kapar.

"The disposal provides an opportunity for the company to realise its non-core capital investment to better re-allocate its capital resources."

TSR Capital said this is the second disposal of property by the group since August 2019, and forms part of its assets rationalisation plan to monetize its investments in property assets.

Revenue for the year dipped 2.2% to RM342.28 million against RM350.15 million a year ago, owing to lower occupancies at The Mines (TM) and Sungei Wang (SW), as well as lower rental rates at TM and downtime from asset enhancement initiative (AEI) at SW and TM, CMMT said in a bourse filing.

Zerin Properties has refuted the claim made by CBRE|WTW managing director Foo Gee Jen last week that should prices not correct substantially, it will take the next five years to clear unsold stocks of SOHOs and SOVOs.