News by THEEDGEMARKETS.COM

The prosecution is appealing against the Court of Appeal's decision in allowing Tengku Adnan's application for High Court judge Mohd Nazlan Mohd Ghazali to recuse himself from hearing the case.

Rehda Malaysia president Datuk Soam Heng Choon: I hope that the people who saved on the stamp duty and the RPGT (real property gains tax) will take out the money and spend on other things to move the domestic economy."

"What is certain is that when we reach the end of RMCO, we should have almost all of the economic sectors opened. But we need to make sure the number of daily cases does not increase."

The REIT attributed the lower earnings to the March 18-31 rent free period given to tenants that were not able to provide essential services and supplies during the movement control order (MCO) period. 

IGB’s hotel division reported a loss in 1QFY20, while its property development business, which does not have any project under construction currently, recorded weaker sales of completed Stonor 3 condominium units. As for its construction and others' segments, losses widened.

The government needed more time to study expert reports on the feedlot project, senior federal counsel Azizan Arshad said in the High Court today.

A total of 53 prosecution witnesses and seven defence witnesses, including the six accused, had been called to testify in the trial.

Chief statistician of Malaysia Datuk Seri Dr Mohd Uzir Mahidin further said that in the normal business environment, it is estimated that the sales of wholesale and retail trade fell RM45 billion in April 2020.

Justice Datuk Muhammad Jamil Hussin said the prosecution had failed to show that the money, which had been frozen, was either wholly or partly from former prime minister Datuk Seri Najib Abdul Razak, as the evidence showed many transactions going in and out of Yayasan PBAKM's account since the RM100,000 cheque was written on Oct 19, 2013.

Health Director-General (D-G) Datuk Noor Hisham Abdullah said the matter will be discussed with countries such as Brunei, Thailand and Singapore, to formulate a mutual agreement on the standard operating procedures (SOP) to be followed.