News by THEEDGEMARKETS.COM

Najib, who was answering questions put forward to him by ad hoc prosecutor Datuk V Sithambaram, said the second government guarantee was approved by the cabinet and endorsed by him because he had an indication that SRC was making inroads into multiple renewable energy investments.

While cross-examining Najib, ad hoc prosecutor Datuk V Sithambaram said Husni, who was the second finance minister at the time, was not consulted despite protocol dictating otherwise.

The trial began this morning by hearing from both the prosecution and the defence for the better part of three-and-a-half hours before the court adjourned for lunch.

The focus remains on properties sought by the manufacturing and logistics sector, the management guided during its press briefing today, noting the persistent demand for such properties presently.

In a statement to Bursa Malaysia today, Ideal United said Ideal Capital and PR1MA plans to develop some 6.5ha (about 16.24 acres) of land comprising two tracts at Bandar Gelugor.

High Court judge Datuk Nordin Hassan fixed the date in his chambers today. The court had earlier granted permission to Kuantan residents Ismail Abu Bakar, Tan Bun Teet and G. Ponusamy to challenge the government and Cabinet's decision. Tan is chairman of non-governmental organisation Save Malaysia, Stop Lynas!

Scomi Group and Scomi Energy said Bursa has approved both companies' share-trade suspension requests.

Vizione said the design and build contract awarded by Laju Damai Sdn Bhd involves one block of 29-storey service suites totaling 664 units, as well as two blocks of three-storey shop offices comprising 38 units, along with carpark block, mechanical and electrical and external works.

He made the plea today before Sessions Court judge Azura Alwi, who had set bail at RM350,000 with the accused to surrender his passport to the court.

In a bourse filing, the company said its wholly-owned YTB Impression Sdn Bhd (YTBI) has accepted the letter of approval from the Melaka government for the cruise terminal yesterday.