News by THEEDGEMARKETS.COM

Lim Guan Eng: Most of the projects that were procured through direct negotiations were not PH initiatives, but were projects inherited from the former Barisan Nasional administration. The PH government then had instead lowered the cost for some of the projects (projects that were necessary).

In the event that he is not able to pay the fine by tomorrow, he faces 18 months' imprisonment.

Deloitte’s lawyer Datuk Malik Imtiaz Sarwar informed the court that both parties have decided not to commence oral submissions, and instead will rely on their written submissions, which have already been handed to the judge.

The property, with a net lettable area of 285,249 sq ft, comprises a leasehold industrial piece of land with a single-storey warehouse and a double-storey office annex, another single-storey warehouse and other ancillary buildings.

Finance Minister Tengku Datuk Seri Zafrul Aziz said direct negotiations are allowed as long as they meet one or more criteria under the Act, which includes the procurement of supplies and services that are required urgently, whereby not doing so would jeopardise national interest.

The last the group posted a net loss was back in 2QFY16. The net loss of RM8.04 million then was also due to impairment losses amounting to RM68.3 million from the group’s overseas subsidiaries.

Meanwhile, seven more patients have recovered from Covid-19, bringing total recoveries to 8,978.

The 44 pieces of jewellery were among the items that were taken by the police at two residential units in Pavilion residences, Bukit Bintang, in May 2018.

In the suit, Deepak alleged that the defendants sought to wrongfully deprive him of two plots of land in Kapar, Klang, measuring 96.83 acres and 81.09 acres respectively and 45.42 acres of land in Bukit Raja, Petaling.

UOA attributed the lower revenue largely to lower progressive recognition in the current quarter due to the Covid-19 pandemic that halted the construction progress during the MCO and conditional MCO period.