News by The Edge

Adding to the drama was the departure of 11 members of Parliament (MPs) from PKR, an exodus led by its deputy president Datuk Seri Mohamed Azmin Ali.

Mounting political uncertainties are expected to exert selling pressure on the local bourse, which is already clouded by economic concerns particularly after the COVID-19 virus outbreak.

“We have seen some first-timers in the market offering ridiculous pricing to developers in order to win their first jobs, only to realise that they are unable to deliver up to local contractual requirements in terms of quality and delivery time."

Datuk Seri Najib Razak: It would have been deemed unfair and legally irresponsible since the black boxes and cockpit voice recorders had not been found and hence, there was no conclusive proof whether the pilot was solely or jointly responsible.

The 350km-long HSR can cut travel time by 90 minutes.

This offer comes three weeks after the announcement that Amcorp plans to buy over a combined 68.78% stake in TEE Land from its parent TEE International and from Phua Chian Kin, TEE International’s controlling shareholder.

The MACC says it is also probing the matter...

“It (e-wallet) is a very expensive game, so consolidation will come because some [smaller] players will just fall off, while some bigger players may look into mergers and acquisitions."
 

According to sources, the concessionaire will be given a 20-year extension.

Public Investment Bank expects awards to pick up in 2020, given the mildly expansionary Budget 2020 announcement, which includes a RM56 billion allocation for development expenditure.