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Ambrin: Instructions to amend 1MDB audit report came from Ali Hamsa

During cross-examination today, defence counsel Datuk N Sivananthan, who is representing 1MDB's former president Arul Kanda Kandasamy, asserted that although there were suggestions and requests to drop certain parts of the audit report, the ultimate decision on removing and/or tampering with the report was still the onus of Ambrin.

However, Ambrin defended that since the order came from the government, he felt the pressure to comply with the requests.

S P Setia records RM875m in sales for 1H2020

The company said local projects had contributed 80% of the total sales while the remaining RM173 million or approximately 20% were contributed largely by international projects.

Analysts stay neutral on M-REITs after gearing limit temporarily raised to 60%

Hong Leong Investment Bank (HLIB) Research analyst Nazira Abdullah said she believes the limit was temporarily raised to help ailing REITs with their cash flow and allow their managers to manage the debt and capital of these trusts more efficiently, especially amid the challenging operating environment brought on by the pandemic.

HBA: Make it black and white when renting out your property

HBA honorary secretary-general Datuk Chang Kim Loong stressed that landlords should protect themselves by requesting tenants to sign a written tenancy agreement and asking them to state down the nature of their businesses.