Jho Low's Acme obtained US$126m in IMTN bond flip, says auditor

Nov 21

KUALA LUMPUR (Nov 21): Acme Time Ltd, a firm wholly-owned by fugitive financier Low Taek Jho (Jho Low), obtained close to US$126 million in the Islamic Medium Term Note (IMTN) bond flip for the Terengganu Investment Authority (TIA) in 2009, the High Court was told today.

Ex-AG: 1MDB audit unusually long and hard due to lack of cooperation

Nov 21

KUALA LUMPUR (Nov 21): Former Auditor-General Tan Sri Ambrin Buang found the process of auditing 1Malaysia Development Bhd to be more difficult than usual as the fund did not give its full cooperation by sharing the necessary documents required by the National Audit Department (NAD), he told the High Court today.

‘Focus on intangible aspects to enhance building value’

Nov 21

KUALA LUMPUR (Nov 21): While the tangible aspects of a building can enhance a property's value, it is the intangible aspects that will make a building stand out from its peers and thus yield better value, said Singapore Association of Property and Facility Managers president Dr Lim Lan Yuan.

MIPFM: Get ready for influx of foreign investors next year

Nov 22

KUALA LUMPUR (Nov 21): Malaysia is expected to be on the radar of foreign investors who are seeking a stable market to invest and to operate from, said Malaysian Institute of Property and Facility Managers (MIPFM) president Adzman Shah Mohd Ariffin.

Calls to destroy final audit report shocked NAD director

Nov 22

KUALA LUMPUR (Nov 21): National Audit Department (NAD) director Nor Salwani Muhammad (pictured) was the one who recorded the Feb 24, 2016 meeting where top government officials agreed to amend and destroy the original 1Malaysia Development Bhd (1MDB) audit report, the High Court heard today.

MRL and CCC-ECRL to kickoff recruitment roadshow in December to hire locals for mega project

Nov 21

KUALA LUMPUR (Nov 21): The 640-km East Coast Rail Link (ECRL) project will embark on a recruitment roadshow from December 2019 onwards in a bid to tap local talents in the construction and rail industry to participate in the nation’s largest infrastructure project to-date.

Ex-Auditor General agreed to remove Najib’s meeting with Agong from 1MDB audit report

Nov 21

KUALA LUMPUR (Nov 21): Former Auditor General Tan Sri Ambrin Buang agreed to remove a portion of the 1Malaysia Development Bhd (1MDB) audit report that mentioned a meeting between Datuk Seri Najib Razak and then-Yang di-Pertuan Agong Sultan Mizan Zainal Abidin.