<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 2): Ranhill Utilities Bhd has been invited by the Minister of Finance Inc (MoF Inc) to undertake a due diligence exercise on Indah Water Konsortium Sdn Bhd (IWK) in relation to a proposed disposal of MoF Inc’s interest in IWK.</p></div>

<div class=newsTextDataWrapInner><p>Ranhill said it had on June 26 submitted a proposal for a restructuring of IWK that will involve the disposal of MoF Inc’s interest in IWK to Ranhill.</p></div>

<div class=newsTextDataWrapInner><p>The invitation from Prokhas — a wholly-owned private limited company under MoF Inc — to undertake the due diligence will enable the company to access information necessary for it to finalise the proposal to MoF Inc, said Ranhill in a filing with the bourse.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The company said the due diligence exercise will not have any material effect on its earnings, net assets and gearing for the current financial year ending Dec 31, 2020.</p></div>

<div class=newsTextDataWrapInner><p>“The board, having taken into consideration all aspects of the proposal is of the opinion that it is in the best interest of Ranhill,” said the company.</p></div>

<div class=newsTextDataWrapInner><p>At midday break, Ranhill was unchanged at 81.5 sen, giving a market capitalisation of RM874.44 million.</p></div>


Ranhill Utilities Bhd has been invited by the Minister of Finance Inc (MoF Inc) to undertake a due diligence exercise on Indah Water Konsortium Sdn Bhd (IWK) in relation to a proposed disposal of MoF Inc’s interest in IWK.

MoF Inc invites Ranhill for due diligence exercise on Indah Water Konsortium

Sarawak will consult with Attorney General Datuk Ahmad Terrirudin Mohd Salleh to determine the most appropriate term to replace the word "state" in Sarawak State Legislative Assembly, based on the Federal Constitution.

Abang Johari: Sarawak to consult AG on appropriate term to replace ‘state’

Datuk Seri Anwar Ibrahim has urged all implementing agencies, particularly ministries, to prioritise the training of young people on artificial intelligence (AI) so that the country does not fall behind in this field.

PM wants AI, TVET-related training ramped up for country’s youth

The Ministry of Home Affairs (KDN) is currently formulating a strategy to enhance use of technology, particularly artificial intelligence (AI), for stricter border control measures.

Home Ministry looking to employ AI tech to tighten border control, says Saifuddin

The Perak government has agreed to supply water to Penang through the Kerian Integrated Green Industrial Park to Seberang Perai.

Perak has agreed to supply water to Penang, says Anwar

Prime Minister Datuk Seri Anwar Ibrahim described foreign media reports regarding fuel subsidy cuts as unethical, and said that no final decision had been made at the Cabinet level regarding the issue.

Anwar lambasts foreign media over reports on fuel subsidy cut

The UK’s Labour Party is set to impose value-added tax (VAT) on boarding fees as well as private education in the country if it wins the next election, Financial Times (FT) reported, citing party insiders.

UK’s Labour to impose VAT on boarding fees, private education — FT

Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor apologised to Prime Minister Datuk Seri Anwar Ibrahim and Cabinet ministers who attended the state-level Madani Aidilfitri celebration on Saturday night.

Kedah MB apologises to Anwar, Cabinet over ‘inappropriate remarks’

The federal government has agreed in principle to proposals to convert agricultural land within the Muda Agricultural Development Authority (Mada) area for industrial and commercial development.

Anwar says nod given to conversion of Mada land for industrial, commercial development 

US Treasury Secretary Janet Yellen acknowledged sharp moves in the value of the yen this week, even as she declined to say whether Japan had intervened to support the currency.

Yellen counsels caution on currency intervention after yen surge

Labour wins in the UK’s two biggest cities completed a string of local election successes by opposition leader Keir Starmer that showed his party firmly on course for victory at a general election later this year.

Labour mayor wins cap triumphant election run for Starmer

<p>China's Ping An Insurance Group Co, the biggest Asian investor in HSBC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told <i>Reuters</i> on Saturday, as the investor voted against such a move.</p>


Ping An votes against reappointment of HSBC CEO as director — Reuters

<p>Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor apologised to Prime Minister Datuk Seri Anwar Ibrahim and Cabinet ministers who attended the state-level Madani Aidilfitri celebration on Saturday night.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim described foreign media reports regarding fuel subsidy cuts as unethical, and said that no final decision had been made at the Cabinet level regarding the issue.</p>


<p>Warren Buffett said he expects the US government to increase taxes to tackle widening fiscal deficits rather than reduce spending.</p>


Warren Buffett says taxes may rise to offset widening US deficits

<p>Labour wins in the UK’s two biggest cities completed a string of local election successes by opposition leader Keir Starmer that showed his party firmly on course for victory at a general election later this year.</p>


<p>In the May 6 issues of <i>City &amp; Country</i>, the cover story features Eastern &amp; Oriental Bhd’s (E&amp;O) Andaman Island in Penang. The reclaimed island project is taking shape and will come in two phases. Phase one covers 253 acres, while phase two will cover 507 acres. Reclamation work for phase one started in 2015 and was completed in December 2019. Work on phase two is ongoing, with the entire reclamation exercise set to be completed by December 2028.</p>


Developing community living sustainably

<p>The federal government has agreed in principle to proposals to convert agricultural land within the Muda Agricultural Development Authority (Mada) area for industrial and commercial development.</p>


<p>Mathew Ngau Jau is not a fan of hectic city life, though there is certainly something to smile about as he visits Kuala Lumpur this week for a very special recognition at the 19th Boh Cameronian Arts Awards (BCAA).</p>


Treasure of Borneo

<p>US Treasury Secretary Janet Yellen acknowledged sharp moves in the value of the yen this week, even as she declined to say whether Japan had intervened to support the currency.</p>


<p>The UK’s Labour Party is set to impose value-added tax (VAT) on boarding fees as well as private education in the country if it wins the next election, <i>Financial Times</i> (FT) reported, citing party insiders.</p>


<p>Datuk Seri Anwar Ibrahim has urged all implementing agencies, particularly ministries, to prioritise the training of young people on artificial intelligence (AI) so that the country does not fall behind in this field.</p>


<p>Sarawak will consult with Attorney General Datuk Ahmad Terrirudin Mohd Salleh to determine the most appropriate term to replace the word "state" in Sarawak State Legislative Assembly, based on the Federal Constitution.</p>


<p>Paytm appointed new business executives as the troubled fintech firm’s chief operating officer resigned.</p>


Paytm appoints new executives as COO resigns

<p>The Perak government has agreed to supply water to Penang through the Kerian Integrated Green Industrial Park to Seberang Perai.</p>


<p>The Ministry of Home Affairs (KDN) is currently formulating a strategy to enhance use of technology, particularly artificial intelligence (AI), for stricter border control measures.</p>
