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He said the decision to revert back to the original policy was made after a local Chinese daily reported feedback from foreign workers, saying the new policy — which would require them to pay the remainder 80% or RM8,000 of the levy — will burden them.

He added that the crux of PKA's case was unrebutted as Phang failed to call important witnesses, such as the Transport Minister, to prove that she was merely acting on the instructions of the Transport Ministry, Finance Ministry and the Prime Minister in executing her functions and the various agreements (except the first) without first referring to the PKA board of directors for approval.

The MGO was launched after Tiah, a co-founder and non-executive chairman of TA Enterprise, upped his stake in the group to 32.62%.

Just before the 14th General Election in May, Rafidah had alleged that 40,000 hectares of land were privatised to a company owned by three individuals and the company owned “every inch of land” belonging to the Defence Ministry or Armed Forces.

"We are thankful for the participation from global HSR players as well as local entities in the AssetsCo tender and look forward to engaging them again once the project details are firmed up."

In a filing with Bursa Malaysia today, Affin Bank said it has issued a letter of award to IJM Construction Sdn Bhd, a wholly-owned subsidiary of IJM Corp, for the proposed project.

Deemed "not fair and not reasonable" by independent adviser BDO Capital Consultants Sdn Bhd (BDO CC).

KIP REIT said the proposed acquisition is in line with its investment strategy and is expected to provide long-term yield accretion to the unitholders of the trust, as the rental yield for the mall has been contracted until 2025.

Sime Darby Property said the group will continue to focus on the development of landed properties within the affordable range in its key townships in the City of Elmina, Bandar Bukit Raja and Serenia City and the integrated development at Ara Damansara and Subang Jaya City Centre.

The charges for money laundering were brought against Low and his father Tan Sri (Larry) Low Hock Peng “in absentia” by the Commercial Crime Investigation Department (CCID) of the police and the Attorney-General’s Chambers.