News by THEEDGEMARKETS.COM

In a note today, the research house said selling prices have increased faster than expected post the consolidation in the sector and are expected to hold up, which is positive for the industry.

MTD Group yesterday announced the topping-out of the project, which it said will be one of London's most notable developments.

Azmir is reportedly understood to be in talks to take the top job at Sime Darby Property Bhd.

Based on the calculations under the Automatic Price Mechanism, the RON95 price would have been RM2.19 per litre and diesel would have been sold for RM2.26 per litre, if not for the government’s petrol subsidy programme.

Revenue in the quarter ended Dec 31, 2019 (4QFY19) fell marginally by 0.38% to RM364.96 million, from RM366.35 million previously.

The contract, awarded to its wholly-owned unit Kerjaya Prospek (M) Sdn Bhd by an indirect subsidiary of Eastern & Oriental Bhd (E&O), is for the execution and completion of roadworks, water reticulation system, street lighting works and all associated works for the proposed STP2 in Timur Laut.

Rental income for the quarter ended Dec 31, 2019 declined 1.45% to RM123.96 million from RM125.79 million, while property operating expenses rose 18.75% to RM54.71 million from RM46.08 million.

Najib was put on the witness stand in December last year where he read out an almost-300-page witness statement detailing his defence against charges levelled against him for criminal breach of trust, abuse of power and money laundering involving RM42 million from SRC which wound up in his personal accounts.

Sithambaram questioned Najib about the events surrounding Apandi's appointment on July 27, 2015, following the termination of his predecessor Tan Sri Abdul Gani Patail.

Najib had said it was not prudent for him to check with them about the US$620 million left of the "donation" he had returned as "he knew" that Jho Low was the middleman.