News by THEEDGEMARKETS.COM

This follows the Federal Court today dismissing a stay application by former Tamparuli assemblyman Datuk Jahid @ Noordin Jahim for a stay of the state election pending the hearing of former Sabah Chief Minister (CM) Tan Sri Musa Aman's appeal over who should have been the rightful Sabah CM since May 2018.

Lim, 59, who was formerly Penang Chief Minister (CM), was charged with causing the state land registrar to dispose of the first government-owned parcel — PT Lot 702 at Bandar Tanjong Pinang which is said to be worth RM135.086 million — to Ewein Zenith at the Land and Mines Department in Komtar on February 17, 2015.

The government should release to the public a feasibility study which shows how the proposed realignment to the East Coast Rail Link (ECRL) will lower costs and save time, said Institute for Democracy and Economic Affairs (IDEAS).

Bank Negara Malaysia (BNM) did not cut the overnight policy rate (OPR) in yesterday's Monetary Committee Meeting (MPC), keeping the rate at 1.75% after four consecutive cuts since the start of the year.

Justice Sequerah made his ruling today after two and a half hours of submissions from both parties.

Of the 45 new cases, 44 were local transmissions involving 11 Malaysians and 33 foreigners.

Bank Negara Malaysia: Financial conditions have improved, although risk aversion remains elevated. The outlook is still subject to downside risks and uncertainty, primarily due to the risk of a resurgence of the pandemic and weaker labour market conditions.

High Court judge Justice Mohd Nazlan Mohd Ghazali also found the former premier not to be remorseful over the charges he (Najib) is facing.

“The situation is worrying as they play an important role as the backbone of the nation’s health system,” said MoH director-general Tan Sri Dr Noor Hisham Abdullah.

The land comprises factory buildings, office complex and warehouse, and carries a net book value of RM28.4 million or 0.44 sen per share as at end last year, according to its latest annual report.