News by TheEdgemarkets.com

In a statement, the Finance Ministry said prices per litre of RON95 and diesel remain at RM2.08 and RM2.18 respectively.

The lower charge is a bid to mitigate the imposition of the departure fee on passengers leaving Malaysia and encourage the growth of the tourism sector

Mohd Isa, who was also formerly a long-time Negeri Sembilan menteri besar, had claimed trial to one criminal breach of trust charge and nine counts of receiving a RM3.09 million bribe that is linked to Felda's purchase of the Merdeka Palace Hotel & Suites in Kuching, by Felda Investment Corp Sdn Bhd (FIC Sdn Bhd).

"The non-compliance (by the prosecution) does not justify the striking out of the notice. I direct that the notice be amended if (the prosecution) so wishes within seven days of today.

"The application by Umno Pekan to strike out (the notice of forfeiture) is dismissed," said Justice Mohd Nazlan Mohd Ghazali in his brief oral decision.

Revenue for the quarter rose 33% year-on-year (y-o-y) to RM336.4 million from RM252.9 million.

Save for its property and utilities business segments, YTL Corp recorded positive growth in profit before tax (PBT) in all its business divisions during the quarter.

Revenue fell 11% to RM47.26 million from RM52.98 million previously.

The bank has appeared as a third party to claim funds totalling RM1.99 million under the names of four parties in the suit.

The group posted a net loss of RM14.55 million for the second quarter ended June 30, 2019 compared to a net profit of RM10.33 million a year ago.

Bush will take over the role that will be left vacant by Deplanck once the latter leaves on Aug 30 to pursue new opportunities.