News by The Edge

Razak would have been very proud of the two brave civil servants who stood up against instructions they felt were against the interests of the nation.

The proposed plan, which entails the establishment and listing of the REIT onto Bursa Malaysia’s main market, will make it the group’s second REIT after its retail REIT, IGB REIT, which was listed in 2012.

“Our goal here is to increase Mudajaya’s revenue and profit. What we will do is to try our best to put in resources like capital and business relationships, to make the company great again. It has huge potential and is undervalued,” Kuo said.

“There were passages in that report that caused concern to Najib though they were true in fact ... He took positive steps to have those passages altered or removed ... Despite the report was ready to be placed before the PAC in Parliament, a meeting was convened on Feb 24, 2016 at Najib’s behest ... As a result of what transpired at that meeting, the relevant passages were amended or removed.”

This translated to earnings per share of 0.370 (Singaporean) cents for 3Q19, compared to 0.107 cents in 3Q18.

Justice Mohd Nazlan Mohd Ghazali held that the former prime minister had enormous influence and wielded an overreaching position of power in SRC.

What was significant was that the judge devoted half an hour to just one charge, namely abuse of power.

An advertisement that appeared over the weekend for the assets states that the sale of the building is being conducted through a tender exercise.

Halim’s surprising bid came shortly before the cut-off date, which is today, for Minister of Finance (MoF) Inc, Gamuda and Litrak to negotiate and finalise the terms of a definitive agreement.

“Companies in these markets are perceived to be able to provide higher salaries and support healthier work-life initiatives. These markets also have better currency exchange rates, appealing to locally-based talent,” said Randstad in a statement yesterday.