News by THEEDGEMARKETS.COM

"This would not solve the problem of high cost of living but will instead compound the problem."

The healthcare group has initiated discussions to cash out of its 62% stake in Hyderabad-based Continental Hospitals and 74% in Global Hospitals, by selling them back to the promoter family, Economic Times reported, quoting multiple sources.

Parkson Retail Group Ltd (PRGL) secured the loans from a syndicate of banks for a three-year term, Parkson Holdings said in a filing with Bursa Malaysia.

“The proposal will go through public display for the next few months and the new ECRL alignment will change the landscape of Port Klang and PKFZ.”

The sanction will last for three years, the group said in a stock exchange filing.

The ministry, through its Department of Labour of Peninsular Malaysia (JTKSM), has told the companies to pay the September and October salaries of all employees who are still in service until Oct 30, it said in a statement yesterday.

Sithambaram said the basic fact is that “all cheques issued out of accounts 906 and 898 were issued personally” by Najib. 

He said the mere fact that the RM42 million was transacted into Najib’s AmBank accounts does not prove the commission of the offence in the charges. 

In a press statement today, Lim said the government remains committed to repaying debt obligations inherited from the previous administration.

The wife of former premier Datuk Seri Najib Abdul Razak had sought the stay, pending the government's appeal on the appointment of an independent jeweller to identify the 44 pieces of jewellery sent to her but which she claims had been seized by the government.