Petaling Jaya News
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Malaysian Prime Minister Najib Razak dissolved parliament in preparation for elections that will determine whether his ruling coalition extends its unbroken hold on power since independence in 1957.
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Malaysian opposition leader Anwar Ibrahim, who was jailed for corruption and sodomy, predicted a smooth transition when his coalition ousts the government that has ruled Malaysia for 55 years in elections that may be held within weeks.
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It was still daylight on Sept. 16, when the new 20-year-old mother tossed her baby from the third floor of the Desa Mentari apartments in Petaling Jaya, a sprawling suburb of Kuala Lumpur.
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PLUS Expressways Bhd. , Malaysia’s biggest toll-road operator, rose to a record in Kuala Lumpur stock trading after Jelas Ulung Sdn. offered 26 billion ringgit ($8.3 billion) for the company, topping a rival bid.
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Tenaga Nasional Bhd. , Malaysia’s state-controlled generator, will bid for a 7 billion-ringgit ($2.1 billion) government project to upgrade power plants as the economic recovery boosts electricity demand.
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Khazanah Nasional Bhd., Malaysia’s state investment company, may raise as much as S$500 million ($354 million) from the biggest sale of Islamic bonds, or sukuk, denominated in neighboring Singapore’s currency.
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Malaysian construction stocks are trailing regional peers by the most since 2007, a buy signal to CLSA Ltd. and Manulife Asset Management as the government’s $16 billion building plan sends profit estimates to a record.
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Malaysian opposition leader Anwar Ibrahim said his People’s Alliance coalition has a contingency plan in place in the event he is found guilty of sodomy charges and imprisoned ahead of elections that may come this year.
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Mah Sing Group Bhd., a Malaysian property developer, said it’s evaluating a potential joint venture with Thailand’s Central Pattana Pcl to develop a shopping mall.
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CVC Capital Partners Ltd. teamed up with Johor Corp. to bid at least $1.6 billion for KFC Holdings (Malaysia) Bhd. and parent QSR Brands Bhd., to gain control of more than 900 fast-food outlets including KFC and Pizza Hut in Southeast Asia and India.
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