Manhattan penthouse bought with stolen 1MDB fund up in the market
KUALA LUMPUR (June 26): A penthouse in Manhattan’s Walker Tower, USA, allegedly purchased with money funnelled from 1Malaysia Development Bhd (1MDB), will be put up for sale.
Sept 30 set for ex-1MDB banker Goldman Sachs mention of summons
KUALA LUMPUR (June 24): Lawyers appearing for Goldman Sachs International, which is facing four summonses by the prosecution for capital market offences, have sought further time to study the summons served against the multinational investment bank and financial services company.
Sarawak slams Guan Eng over 'misleading' statement that the state will go bust
KUALA LUMPUR (June 24): Sarawak's Ministry of Finance and Economic Planning yesterday lambasted Federal Finance Minister Lim Guan Eng for making what it described as a "totally misleading" claim that the state would go bust in three years if it continues to be ruled by Gabungan Parti Sarawak (GPS).
Guan Eng calls for probe into high cement prices in Sarawak
KUALA LUMPUR (June 23): Finance Minister Lim Guan Eng today calls for investigations into possible monopolistic practices among cement players in Sarawak, saying that prices of the building material in the state are markedly higher than in Peninsular Malaysia.
UEM Sunrise expected to continue with active inventory clearing
UEM Sunrise Bhd (June 17, 85 sen) Maintain market perform with a lower target price of 83.
Kimlun foresees cement price hike eroding margins
KUALA LUMPUR (June 18): Construction firm Kimlun Corp Bhd expects a 2% profit margin compression in anticipation of a RM90 or 45% hike in bulk cement prices.
Two alleged 1MDB co-conspirators sent to jail in Abu Dhabi
KUALA LUMPUR (June 17): Two men linked to the 1Malaysia Development Bhd (1MDB) kleptocracy scandal have been convicted of financial crimes and sentenced to jail in Abu Dhabi, The Wall Street Journal reported yesterday, citing a statement from the emirate’s criminal court.
Integrity in managing maintenance funds
Among the great leaders of the 20th century is Mahatma Gandhi who had a strong impact on his contemporaries.
UEM Sunrise downsizes Desaru project to conserve cash
KUALA LUMPUR (June 15): UEM Sunrise Bhd is planning to downsize its high-end residential resort and beach club development in Desaru, Johor, conceived six years ago, in a move to conserve cash and limit exposure.
Lim Goh Tong's grandson breaks silence amid Donaco leadership transition
KUALA LUMPUR (June 11): Donaco International Ltd, which is linked to the late Genting Group founder Tan Sri Lim Goh Tong's grandsons, said today Benjamin Lim Keong Hoe's (pictured) role as interim chief executive officer (CEO) and managing director has now concluded following Paul Arbuckle's appointment as CEO.
