In February this year, it was reported that the Malaysian Anti-Corruption Commission was investigating the award of a government contract to a former prime minister's son-in-law. The contract in question was speculated to be for the development of NIISe.
(NST) - Iris Corp Bhd is seeking legal ad
KUALA LUMPUR (March 13): Bursa Malaysia continued its downtrend to open broadly lower on Monday (March 13), as market participants kept close watch on any potential downside risk to the financial situation following the collapse of Silicon Valley Bank (SVB).
Bursa Malaysia retreated from Wednesday’s (Feb 15) gains and opened marginally lower on Thursday as investors turned cautious in view of the strong US retail data, which might indicate potential interest rate hikes by the US Federal Reserve going forward.
KUALA LUMPUR (Feb 16): Iris Corp Bhd, which has sealed a deal to sell its 80% stake in the company that won the RM1.13 billion National Integrated Immigration System (NIISe) contract, rebutted the media report that accused it of not being capable of undertaking the NIISe project.
Bursa Malaysia retreated from its gains last week to open lower on Monday (Feb 13), due to cautious sentiments on the local bourse, taking its cue from the mixed Wall Street performance last week, an analyst said. At 9.15am, the benchmark FBM KLCI had fallen by 2.73 points to 1,471.86, from last Friday's close at 1,474.59.