News by The Edge

Goldman will likely be forced to forfeit US$600 million it made in fees, pay at least US$1.2 billion in fines to the Securities and Exchange Commission (SEC), and at least another US$2.7 billion in money returned to Malaysia. - Henning

The declaration by the Malaysian Admiralty Court on 19 October 2018 that the Equanimity is owned by the 1MDB companies remains totally unchallenged.

JPJ said e-hailing drivers drivers are required to comply with the e-hailing terms of service, such that drivers must pick up passengers requesting for their service through mobile lines or applications as provided by the service operator.

Anwar tweeted that “he (Dr Mahathir) has the full support of PH (Pakatan Harapan)”.

Mahathir said the government is still in negotiation with China on the ECRL project, and has not found any good solution to resolve this issue, but both parties did not set any deadline for this negotiation.

Dr Mahathir said as the progress to restructure the government has only been done about 30% to 40%, he hopes to have a time frame of more than two years to rationalise the government.

New management can take a leaf from suits brought by FGV to recover billions siphoned off or stolen

It is believed that this council will effectively take over from the Council of Eminent Persons that was formed immediately after Pakatan Harapan took power and had submitted its reports to Dr Mahathir.

The number of offers and the value of the offers cannot be revealed. The appraised value for the yacht as well as the identities of the bidders will remain confidential until the sale is completed.

The EPF would take up 80% of MRCB’s unit Rukun Juang for a stake in the Bukit Jalil land for RM421 million.