News by theedgemarkets.com

Justice Datuk Indera Mohd Sofian Abd Razak allowed the application today, as there were no objections.

When contacted, TNG Digital Sdn Bhd chief executive officer (CEO) Ignatius Ong said the crash in the system was due to the “extreme surge” in traffic. Ong, however, noted that the company was able to "stabilise the system”. He added that the system is "back to normal".

"As such, the government's highway concession agreement with PLUS will be restructured with an aim to reduce toll rates for the benefit of the people," sources said.

In a statement today, Khazanah Nasional Bhd, which controls a 51% stake via UEM Group Bhd, said the government has been engaging PLUS's shareholders.

In a property sector update today, the research house said it expects property demand to see a slow recovery in 2020 given the affordability issues and weak market sentiment.

In a bourse filing yesterday, home furniture manufacturer Wegmans said the fire was put out in less than half an hour's time.

"This is to avoid a situation where our client may be put in a compromised position when he takes the witness stand," counsel Datuk N Sivananthan told the High Court today.

Senior deputy public prosecutor (DPP) Datuk Seri Gopal Sri Ram posed questions to Saadatul Nafisah, the seventh prosecution witness in the 1MDB audit report tampering trial, following a replay of the recording of the Feb 24, 2016 meeting.

“Any decision on sale from a governance point of view needs to be done properly through the current owners of PLUS, that is Khazanah and EPF. That part has not started.”

With this, the hearing for Lokman to answer the contempt charge on him for threatening 1MDB witness Datuk Amhari Efendi Nazaruddin and other potential witnesses has been fixed by High Court judge Collin Lawrence Sequerah on March 13 for committal proceedings.