News by TheEdgeMarkets.com

Finance Ministry said the price reduction follows the price action of processed petroleum products (refined products) in the world market, which has shown a downward trend following the decrease in average Brent crude oil prices week-on-week.

Lokman was arrested after he refused to hand over his handphone to police who went to his house to investigate the gay sex video clips allegedly involving Azmin.

"To decide what is individually considered as affordable means making a choice involving a trade-off between three elements: price, floor area and location."

The claim against NFC and the Salleh family, amounting to RM253.62 million, represents the sum owed to the government, together with interest of 2% per annum and default interest on RM224.77 million.

Ismee added that neither he nor the board was told about Nik Faisal’s meeting with KWAP, and he has no knowledge of SRC asking Nik Faisal to liaise with KWAP over the potential initial first loan.

"Shahrol Azral did not inform us [the SRC board] of the earlier account," said Ismee, who is the former SRC chairman.

"Why ask me? Don’t ask me, ask the person concerned, why ask me?

“UEM Group would like to state on record that it does not have an account at Maybank KL Main branch, neither does it have an account with the alleged account number as claimed by various social media sites,” it said in a statement today.

Managing director Eric Yong said the group's plan is to push for more construction jobs now that its Shah Alam property development 'The Greens' is almost fully taken up.

Malaysia Rail Link Sdn Bhd (MRL) and China Communications Construction Company Ltd (CCCC) said a total of 1,321 submissions from Construction Industry Development Board (CIDB) registered companies were received by ECRL's main contractor, CCCC, during the Pre-Q exercise on May 29-30 this year.