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KUALA LUMPUR: 1Malaysia Development Berhad's (1MBD) ability in implementing its rationalization plan within six months has help improve the overall perception towards the company. 

Affin Hwang Investment Bank Vice-President and Head of Retail Research, Dr Nazri Khan Adam said, the  plan was successful in achieving its objectives as it was implemented in a systematic and timely manner.

Dr Nazri said, to continue the recovery process of the company, 1MDB needs to further strengthen its business model in order to generate profits again.

"I believe its Chief Executive Officer, Arul Kanda has more plans that are not only focused on debt reduction, but also to generate profits.

"After the 6-month phase, 1MDB is already seen as having a strategic vision and good focus and I hope it will continue to the next phase," said Dr Nazri in an interview with AWANI.

He believed that 1MDB can regain investor confidence by giving priority to its strengths in the real estate sector and power plants without having to compete with other local companies.

"The sale of Edra Global Energy Bhd and a 60 per cent stake in Bandar Satu Malaysia is proof of investor confidence in 1MDB," he said.

Dr Nazri

SINGAPORE - The alignment of the 300 over kilometre high-speed rail (HSR) network between Singapore and Kuala Lumpur is still under discussions and will be finalised only after detailed engineering studies are completed, says the Singapore Ministry of Transport (MOT).

"After the recently-concluded Request for Information (RFI) exercise in December 2015, both countries are studying the feedback thoroughly and will use it to improve the project's commercial and operating models and procurement

Sarawak Chief Minister Tan Sri Adenan Satem's leadership is seen as able to increase the people's support for Barisan Nasional (BN) in the coming state election.

Political analyst, Assoc Prof Dr Jeniri Amir said the implementation of new policies like empowerment for Sarawak in a number of sectors, development programmes and the ending of toll collection at three bridges in the state had managed to raise support for Adenan and BN.

The bridges are the Tun Abang Muhammad Salahuddin Bridge in

An estimated 20 million Malaysians will enjoy the benefits of the Goods and Services Tax (GST) rebates for prepaid cards next year, said Communications and Multimedia Minister Datuk Seri Dr Salleh Said Keruak.

In a statement, he noted that beginning Jan 1, 2016, prepaid customers who were Malaysian nationals would be eligible for the GST rebates.

"This will indeed benefit customers, as announced by Prime Minister Datuk Seri Najib Tun Razak during the tabling of the 2016 Budget last October,"

Prime Minister Datuk Seri Najib Tun Razak hopes the RM500 special payment to civil servants and pensioners would ease their burden, especially those who have school-going children.

"Insya-Allah, the government will pay RM500 to 1.6 million civil servants in service and RM250 to pensioners tomorrow as announced in the 2016 Budget," he said in his Facebook and twitter account.

A Public Service Department (PSD) circular today said the special payment would be given to all civil servants who served

Parti Amanah Negara (Amanah) wants to contest 11 seats in the next state election.

Its state election director Dr Mohamad Jolhi named the seats as town constituencies of Pantai Damai, Satok, Samariang, Tupong, Demak Laut, Batu Kitang, Muara Tuang, Kabong, Beting Maro, Senadin and Samalaju.

However, he said the final decision would depend on the seat negotiation with other state Pakatan Harapan partners – Parti Keadilan Rakyat (PKR) and Democratic Action Party (DAP).

“We are still negotiating

KOTA SAMARAHAN, formerly known as Muara Tuang, was once a small town. It is now the fastest developing modern town in Sarawak.

In the early 70s, the tiny town was linked to Kuching by road. Earlier than that the only means to the place was by river, usually an arduous journey on a slow cargo boat.

Samarahan Division comprises of the Districts of Samarahan, Serian, Simunjan and Asajaya. Kota Samarahan is the Divisional Headquarters town located about 30 kilometres southeast of Kuching City

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