News by Supriya Surendran

This is one of the pre-conditions that Lynas Malaysia must meet for future licenses or permission renewals, the Ministry said in the press statement. 

Excluding land sales, UEM Sunrise said in a filing to Bursa Malaysia that property development registered higher revenue, driven by the settlement of the first separable portion of its Aurora Melbourne project and higher sales of completed units.

Revenue grew 15% or RM39.12 million to RM300.38 million from RM261.26 million, while cost of sales jumped to 71% or RM79.19 million to RM190.48 million from RM111.29 million.

He is allegedly involved in tampering of the 1MDB audit report.

Revenue from the Property Development Division was lower at RM225 million (3QFY2017: RM347 million), mainly due to lower property sales registered during the period, reflecting a weaker property market.

The repayment of debt would see interest expense savings of up to RM78 million — analyst

In a filing with Bursa Malaysia this afternoon, MRCB said pursuant to the termination agreement, the government will pay MLSSB, which MRCB owns via MRCB Prasarana Sdn Bhd, a sum of RM1.32 billion, subject to terms and conditions in the termination agreement.

It is understood that more clarity on the exemptions would be available once the service tax regulation is released in a month or so.

Measures seem to target the rich but are actually trying to ‘create a fairer, more equitable tax system’

It also said it will await further direction from the government in order to get a clearer picture on the implementation mechanism of the proposed REIT.