DPM says highway award to Umno men based on merit (ROUTE MAP)

KUALA LUMPUR, March 8 — The RM2.2 billion Kinrara-Damansara Expressway (Kidex) highway contract was awarded to only the most “qualified” companies, Tan Sri Muhyiddin Yassin said today.

The deputy prime minister denied allegations that the deal was given to companies linked to Umno lawyer Datuk Hafarizam Harun and the wife of former Chief Justice Tun Zaki Azmi (picture) due to political reasons.

JCorp to raise RM2.5bil (PHOTO)

Johor Corp (JCorp) plans to issue up to RM2.5bil in bonds in a move to refinance its debt that will be due by the middle of next year, reliable banking sources said.

“The bond issuance will refinance the bulk of debt that is coming due next year, meaning that JCorp may not need to carry out any big asset sale soon although there is still a small shortfall,” one banker said.