News by theedgemarkets.com

Both companies were to execute a written notice of discontinuance at the High Court of Malaya here in Kuala Lumpur yesterday.

Sithambaram said the basic fact is that “all cheques issued out of accounts 906 and 898 were issued personally” by Najib. 

MACC said it has obtained the go-ahead from the attorney-general to charge Nasharudin, who was detained at the MACC headquarters in Putrajaya at 2pm yesterday for questioning. 

This is because the purchaser, Bukit Selesa Developmemnt Sdn Bhd, has yet to obtain approval from the relevant authority in regards to the development order

...on the condition that it does not end up raising the cost of living and becoming a burden to Malaysians, according to the MoF.

Justice Tengku Maimun in the unanimous decision said the apex court is satisfied that this present application for judicial review is different from the criminal application on the same matter.

According to Guan Eng, Khazanah Nasional Bhd, which controls a 51% stake in PLUS, submitted a proposal to sell PLUS to the government because the public investment arm is worried about the diminishing of assets by selling to private parties.

"Through my engagement with oil companies, the forecast of the price of oil will be around US$50 to US$60 a barrel," he said.

As such, trading of securities in YTL Land will be suspended by Bursa Securities from next Monday (Oct 14), being the expiry of five market days from the final closing date. 

Judge Nordin has today allowed the application by the respondent to postpone the hearing date in order to bide for a Court of Appeal decision.