News by THEEDGEMARKETS.COM

The amount due — which has yet to take into account a 5% annual interest from June 2018 and costs of RM10,000 that Dolomite was also ordered to pay — is bigger than the quarry operator turned property developer's current market capitalisation of RM31.34 million.

Abu Haniffah, who was also previously Datasonic’s chief executive officer, said he had met Ahmad Zahid several times in his dealing with the Ministry.

"... the board had meetings about the company's plans, but these plans were never executed."

In a statement, Lim said the Ministry of Finance (MoF) noted that cashflow is a "principal concern” for parties that have been economically affected by the outbreak.

The Food Purveyor, which operates the Village Grocer, Ben’s Independent Grocer (B.I.G) and Pasaraya OTK, is in the midst of curating a new concept that will cater to BSC’s affluent customers.

Deputy public prosecutor Harris Ong Mohd Jeffrey Ong told High Court judge Mohamed Zaini Mazlan today that Bank Negara Malaysia (BNM) had only informed them yesterday that the inspection can only be done on weekends and not weekdays.

Kenanga IB is of the opinion that the offer is "not fair", it is still "reasonable". The takeover will cost Ng a total of RM97 million.

In a statement, Azmin said the Government will ensure that the stimulus package, as well as development projects that have been approved for this year, will be implemented promptly.

Its quarterly revenue expanded 11.7% to RM155.8 million from RM139.5 million, according to a filing with Bursa Malaysia today.

During cross-examination by ad hoc prosecutor Datuk V Sithambaram, Anifah, 67, was questioned over why the Cabinet was not informed, given that the witness and former minister in the Prime Minister's Department Datuk Seri Jamil Khir Baharom — both being Cabinet members at the material time — knew about the funds.