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PSM candidate aims to give a breath of fresh air in his town

SEMENYIH: Being branded one of the “underdogs” in the four-cornered Semenyih by-election does not faze Parti Sosialis Malaysia (PSM) candidate Nik Aziz Afiq Abdul.

Amanah Youth: PAS can't escape MACC probe by pledging support for Dr M

PETALING JAYA: It will be difficult for PAS to save itself from being investigated by the Malaysian Anti-Corruption Commission (MACC) just by pledging support for Prime Minister Tun Dr Mahathir Mohamad, says Parti Amanah Negara Youth.

Report: Swiss authorities probing Xavier Justo for economic espionage

PETALING JAYA: Swiss authorities have launched an investigating into whistleblower Xavier Justo for economic espionage.

- Reuters

Aussie Lendlease seeks more projects in M'sia

PETALING JAYA: Australian-listed Lendlease, which is participating in a RM9bil mixed integrated development at the Tun Razak Exchange (TRX) project in Kuala Lumpur, is in talks with several developers to jointly develop other large-scale projects in the country.

Lendlease Malaysia chairman Dinesh Nambiar(pic) said with financing for the TRX project now secured, the group could focus on other developments.  “We’ve had a number of approaches from developers with sites which we are evaluating,” he said

‘I’ll be PM in less than two years’

NEW YORK: Malaysia’s would-be prime minister says he expects to take power from Tun Dr Mahathir Mohamad in less than two years but wants to give the current leader enough time to govern effectively before he assumes control.

Khazanah’s new mantra: More cash, less control

KUALA LUMPUR: Malaysian sovereign wealth fund Khazanah Nasional will unveil a plan this month to deliver more cash to the government by pruning its stakes in non-strategic assets and dialling back its offshore presence in spots such as London, sources told Reuters.

This underlines the urgent need for Prime Minister Tun Dr Mahathir Mohamad(pic) to raise money for government coffers, depleted by a fiscal deficit and a massive debt from a multi-bil dollar scandal, under the previous government, at state fund 1Malaysia Development Bhd (1MDB).

Buyers can deal with government

KUALA LUMPUR: Buyers keen on superyacht Equanimity can now deal directly with the government and 1Malaysia Development Bhd (1MDB).

Flashy vessel: Equanimity has a court-mandated minimum price of RM543mil, half its original price. — Reuters

TRX to get RM2.15bil financing

KUALA LUMPUR: Australian-listed Lendlease and TRX City Sdn Bhd (TRXC) have secured a RM2.15bil financing facility for its Lifestyle Quarter joint-venture (JV) development at the Tun Razak Exchange (TRX), a project that has come under scrutiny due to its association with scandal-ridden 1Malaysia Development Bhd (1MDB).

(From left) Lendlease group chief executive officer and managing director Steve McCann, Finance Minister Lim Guan Eng and TRX City Sdn Bhd chief executive officer Datuk Azmar Talib by a miniature of the Lifestyle Quarter project that is being jointly developed by Lendlease and TRX City Sdn Bhd.

AG’s Chambers to ask court to speed up Najib’s appeal process

KUALA LUMPUR: The prosecution will be applying to the Court of Appeal to expedite the appeal by former premier Datuk Seri Najib Tun Razak involving his seven charges of money laundering, power abuse and criminal breach of trust relating to SRC International Sdn Bhd.

Court allows stay for Najib’s SRC trial

PUTRAJAYA: The Court of Appeal has allowed an application by Datuk Seri Najib Tun Razak to temporarily stay the hearing of his SRC Inter­national trial which is supposed to take place today.

Legal hiccup: Shafee speaking to reporters at the courts complex at Jalan Duta in Kuala Lumpur.
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