News by THEEDGEMARKETS.COM

Loke said the PSC formula is based on the current operating agreement between the government and MAHB.

"The 500 MW will likely close below 24 sen, pending the technical evaluation, which is a very sharp reduction and good improvement compared to LSS2." 

The businessman had personal access to the former prime minister, and would often contact his wife Rosmah.

Najib and Umno are seeking to claim monies while Rosmah and her two children, Nooryana Najwa and Nor Ashman, as well as Global Royalty are seeking to claim jewellery and other accessories.

Justice Sequerah allowed the temporary return of the passport to Shafee, in order for him to travel to Australia between Sept 12 and 16 to handle a criminal case in Sydney.

Moving forward, the group said its construction outstanding order book of RM2.4 billion as at June 30, 2019 will be able to provide earnings visibility for the next two to three years.

"Comparing ECL of 2QFY19 and 2QFY18, the reduction of ECL was due to improvement in stage 2 of corporate portfolio and a reduction in stage 3 of retail portfolios," MBSB said.

On prospects, the group stressed that property development, which accounted for 80% of its revenue in 1HFY19 remains its main earnings driver, and that it is positive on the segment's outlook remaining positive despite the challenges facing the industry.

In a filing with Bursa Malaysia yesterday, Sunsuria said Koong Wai Seng, 52, resigned "to pursue other personal goals and interests".

This resulted in a higher earnings per share of 4.05 sen for 2QFY19 compared with 3.07 sen for 2QFY18.