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News by TheEdgemarkets.com

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Malaysia unemployment rate escalates to 5.3% in May

14 July, 2020

Year-on-year, the May 2020 labour force recorded an increase of 71,700 persons

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Ex-parte application to seize US$340m from PetroSaudi and Tarek Obaid to be heard on Thursday

14 July, 2020

High Court deputy registrar Mahyuddin Md Som today granted the prosecutors’ application which was filed on July 10 together with a certificate of urgency before the registrar, and allowed the application to be heard on Thursday morning before Justice Mohd Nazlan Mohd Ghazali.

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Speaker deems comments by Baling MP 'offensive', demands apology

14 July, 2020

He said he had gone through the hansard and found the words uttered by the Member of Parliament (MP) yesterday towards Kasthuriraani Patto (PH-Batu Kawan) were offensive, referring to the use of the words "too dark to see" and "to put on powder".

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Protasco sells three plots of land in Johor to NSK for RM17m

14 July, 2020

The plots measure about 2.68ha in total, Protasco said in a stock exchange filing yesterday. Its wholly-owned Sun Rock Development Sdn Bhd had inked a sale and purchase agreement with NSK Property for the sale.

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Forfeiture action against PetroSaudi and Tarek Obaid amounting to US$340m to go up for case management today

14 July, 2020

This is to recover a sum in excess of US$340 million as of February 2019, believed to be in relation to 1Malaysia Development Bhd (1MDB). (Actual sum totalling US$340,258,246.87).

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Media Prima to end leaseback deal with PNB, vacate Bangsar property — sources

14 July, 2020

NSTP interim chief executive officer Mustapha Kamil Mohd Janor, when contacted, confirmed the relocation decision but was not sure if the tenancy agreement will be terminated prematurely. Mustapha, who is also Media Prima news and editorial executive director, said the move is part of the group's "rationalisation exercise".

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Azhar Harun made Speaker without a vote amid ruckus, kicks Shah Alam MP out of Parliament in first ruling

13 July, 2020

This caused a commotion to break out among the MPs that lasted for about 17 minutes, with the opposition MPs chanting ‘Undi, undi, undi’ (vote, vote, vote) and booing even when Azhar was being sworn in as the new Speaker.

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news

None of suggested actions against Jepak Holdings taken, admits former sec-gen

13 July, 2020

Alias, who is the 12th prosecution witness, said this in the High Court in Datin Seri Rosmah Mansor's graft trial, where he agreed with lawyer Datuk Akberdin Abdul Kader that officials of the ministry had alerted him to the allegations of cheating.

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Govt, BNM must step in to extend bank loan-repayment moratorium — MATTA

13 July, 2020

In a statement today, MATTA president Datuk Tan Kok Liang said the tourism industry urges the government to take proactive actions to intervene rather than leave the decision to the various private banks, which will make decisions based on their terms of industry risk assessment and aim of maximising shareholders wealth.

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Motion passed as 111 MPs vote for removal of speaker

13 July, 2020

The motion of removing the speaker has been passed as a total of 111 MPs voted for the motion to remove Tan Sri Mohamad Ariff Md Yusof as the speaker, versus a total of 109 votes against the the motion.

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