News by THEEDGEMARKETS.COM

The ministry said it had lodged the MACC reports following the tabling on Thursday (May 9) of a report by the investigative committee for government revenue, finance administration on the land-swap projects in the country.

In a statement today, the bank said RHB Bank Bhd, RHB Islamic Bank Bhd and RHB Investment Bank Bhd will reduce their BR from 4% to 3.8% per annum, while the BLR is lowered to 6.75% from 6.95% per annum.

Today's application was to ensure that Semantan Estates' application is not frivolous, vexatious and an abuse of the court process.

Lawyer Ranjit Singh, who acted on behalf of Rafizi, told reporters outside the court that the Court of Appeal agreed with their argument that an honest and fair-minded person could have come to the conclusion that Rafizi arrived at, which is that the government loan deposit from NFCorp was used as leverage in respect of a personal loan taken by Mohamad Salleh and his family.

Justice Mohd Nazlan Mohd Ghazali fixed the date after Deputy Public Prosecutor Allan Suman Pillai told the court that the prosecution has finished submitting all documents related to the case to Mohd Isa's defence team and suggested that a mention date be fixed a month before the scheduled trial date, which is set to begin on Oct 7.

CIMB said the 0.25% reduction across the board is to help achieve the corresponding effect of monetary policy transmission intent by BNM's Monetary Policy Committee.

“Our clients have the right to remain silent and the privilege of self-incrimination," Rosmah's counsels argued. 

In a statement today, the banking group said its BR would drop from 4.08% to 3.83%, while its BLR and BFR would be revised from 7.01% to 6.76%.

"In terms of retirement tourism, Malaysia ranks very well. In fact, it is the best in Asean. The MM2H and retirement villages are reportedly seeing strong foreign demand."

Seacera said the payment was in respect of total amount outstanding and due payable under the Murabahah Tawarruq Term Financing-i, Murabahah Tawarruq Cashline-i and Multi Trade Finance Facilities-i.