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For that to happen, MBSB still has to convert its conventional assets worth about RM1 billion to Islamic assets, which make up about 10% to 12% of its asset portfolio.

"We have only come to the stage of getting the data. No real decision has been made [on the mechanism]," Dr Mahathir said. 

The defence ministry owns 1.165 million acres of land nationwide, which are army camps, target practice fields and personnel housing. The encroachment.had resulted in financial losses.

"We see businesses find it difficult to obtain approval to invest and contribute to the growth of the economy," said Dr Mahathir. 

The central bank said in a statement today that its reserves position is sufficient to finance 7.3 months of retained imports and is 1.1 time the total short-term external debt.

When asked by the prosecution about the implication of the amendment, Ismee said: "The implication to SRC is that the advisor emeritus' views would have to be taken into account in material and strategic issues on the company."

It has secured two subcontract jobs for the Setiawangsa–Pantai Expressway (SPE or better known as DUKE Phase 3) with a combined value of RM75.3 million, from Knusford Construction Sdn Bhd. 

Loke said the three sets of trains will start to operate immediately after being delivered to Prasarana Malaysia Bhd.

State Housing, Local Government, Town and Country Planning Com­mittee chairman Jagdeep Singh Deo said that the scheme, located off Jalan Kuala Jalan Baru, was meant for those who could not afford to buy low-cost units due to high loan rejection rate.

Ismee, who was formerly Tabung Haji's chief executive officer. told the court yesterday that he left SRC in 2014 after three years due to governance issues that included the company not submitting its audited report in 2013.