News by M

RM2 million of the fine imposed is the maximum fine provided under Section 354(3)(b) of the CMSA. Deloitte was also slapped with another RM200,000 fine for not submitting a copy of financial statements to a trustee within the legally stipulated time.

However, if Malaysia decides that Goldman is paying too little, then the government will look to the court to decide on the compensation amount.

The award is for the construction of a 5.7-kilometer by-pass from Bandar Baru Ayer Itam connecting to Lebuhraya Tun Dr Lim Chong Eu.

Justo, his wife Laura and four-year-old son Zander, visited The Edge Media Group’s office in Petaling Jaya, Selangor, on Jan 31, where they met Tong and group publisher and CEO Ho Kay Tat.

The contract period is for 27 months, starting from Feb 18, 2019.

Makan places scoring a C or D grade “will be closed and ordered to clean up before a second inspection is done”.

Khalid revealed that DBKL makes annual allocations of RM60 million for river-cleaning projects in KL and it was given “to the same group of 30 contractors who earned approximately RM2 million each”.

The stake purchase comes on the heels of an earlier announcement by BCorp executive chairman Tan Sri Vincent Tan of plans to restructure his business empire as shares of the group’s listed entities BLand and 7-Eleven Malaysia Holdings Bhd, are largely undervalued, for instance.

"One of the mechanisms mentioned by the cabinet was to issue long leases, for instance, 60-year or 99-year leases."

“After it had happened, we did do an inspection with NIOSH (National Institute for Occupational Safety and Health) and DOSH ( Department of Occupational Safety and Health), and we have also stopped the construction work at that area until they repair and abide by all the order and necessary safety guidelines."