News by M

The 1MDB or Tanore trial is scheduled to begin on Aug 19 next month.

"The RM21.5 billion reduction in cost was achieved through a review of all engineering aspects [pertaining to the project] and value engineering that encompasses all aspects of the implementation of the project."

In Penang, Paramount will be also launching the third phase of its Utropolis Batu Kawan project, with an estimated GDV of RM240 million.

Bail was set at RM40,000 with two sureties and mention of case was fixed on Aug 8.

Reports say it cost S$73.8 million (RM224.4 million). 

This was read out in court by former treasury deputy sec-gen.

The property comprises a 43,560 sq ft leasehold land, together with a four-storey building and a three-storey annex with built-up floor area measuring 67,035 sq ft.

IJM Corp said its wholly-owned unit, IJM Construction Sdn Bhd (IJMC), received the notice of termination from the LRT3 turnkey contractor, MRCB George Kent Sdn Bhd (MRCBGK), yesterday.

Datuk Maliami Hamad, who was the ministry’s secretary (management, loan, capital market and actuarial) before he retired, said he was instructed by his superior, MoF’s secretary-general Tan Sri Wan Abdul Aziz Wan Abdullah, to process the former 1Malaysia Development Bhd (1MDB) subsidiary’s government guarantee application, after receiving instruction from “top people” during cross-examination by lead defence counsel Tan Sri Shafee Abdullah.

“The classroom block on that land was completed in 2015 and we are strongly against the land acquisition.”