Editor's Pick

Finance Ministry confirms 1MDB, SRC filed civil suits for a combined US$23b, as per The Edge report

The ministry said all proceeds from the 1MDB asset recovery efforts, including any future settlements, are deposited into the Asset Recovery Trust Account under the custody of the Accountant-General’s Department of Malaysia. However,  these settlements will not affect or compromise Malaysia’s claims against other wrongdoers for the losses caused to 1MDB and SRC and that they will continue to be pursued through both the criminal and civil justice systems.

Malaysia hotel industry losses RM135m during Ramadan last year

The tourism and hotel industry is again left helpless as various states fall into another round of MCO and this time around it came right in the middle of the holy month of Ramadan when hotels are busy preparing for the coming Hari Raya holidays and serving the once a year festival buffet for breaking fast.

Scientex mulls for seventh township development in Johor

Upon completion of the proposed land purchase along with other ongoing land acquisitions in other states, Scientex’s total landbank across Johor, Melaka, Selangor, Perak, Penang and Kedah would expand from approximately 6,236 acres to around 7,200 acres. 

Tony Pua: HIDE poorly designed and assumptions behind data misguided

Unfortunately, it is clear that HIDE has been poorly designed and the assumptions behind the data is misguided. Under such circumstances, not only will HIDE fail to prevent the transmission of the virus, it can create major unintended negative consequences for business, which are already hit badly from the crisis, as well as for the people’s livelihood.