"Cement prices in Sarawak that are markedly higher than in Peninsular Malaysia should be further examined to determine whether it is caused by monopolistic practices of local industry players in Sarawak.”
Goldman Sachs was the advisor for the issuance of US$6.5 billion in bonds issued by 1MDB for fees of US$600 million.
She said these funds were disbursed via an AmBank account opened under Najib.
The group is also planning to relocate some of its theme park rides and attractions at i-City, Selangor, in order to free up land for property development.
Ooi said these downside come from a challenging property market, higher political risk premium for the construction stocks and abrupt suspensions of mega projects.
On the 50-acre commercial land owned by MBNSI, the project will comprise shop lots, commercial podiums and residential units.
Ismee told the High Court here today that the board was unaware of several cash transfers that took place.
Ismee said he only got to know now that some of the personnel in SRC were close associates of the runaway businessman.
"There is no family relationship between Mr Low or any of his family members with the above mentioned Goh Gaik Kim," said Low's statement.
It stressed that the cement industry is highly capital intensive and hence needs to have a reasonable return on its investments in order to be able to meet the expectations of all its stakeholders.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
