Should Malaysia's unemployment rate be much higher?
KUALA LUMPUR (July 31): Malaysia’s unemployment rate, which rose to 5.
Restricting foreign workers to three sectors will devastate manufacturing, service industries — MEF
KUALA LUMPUR (July 30): The Malaysian Employers Federation (MEF) said today the government's decision to restrict foreign workers to the construction, agriculture and plantation sectors will further devastate operations of other industries including manufacturing and services, which are trying very hard to recover from the country's movement control order (MCO) to curb the Covid-19 pandemic.
Singapore: PM Lee's nephew found guilty of contempt of court
KUALA LUMPUR (July 29): Li Shengwu, the grandson of Lee Kuan Yew and nephew of Singapore PM Lee Hsien Loong has been found guilty of contempt of court and fined S$15,000 (RM46,235) today, Channel News Asia (CNA) reported.
SRC Trial: Najib disappointed with judge's decision, determined to appeal
KUALA LUMPUR (July 29): Former prime minister Datuk Seri Najib Razak, who has been found guilty of corruption, said he is disappointed by the High Court's decision yesterday and is determined to bring his case to the Court of Appeal as soon as possible.
Johor Bahru MP questions MoF loss estimate for banks
KUALA LUMPUR (July 28): Johor Bahru MP Akmal Nasir (pictured) questioned Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz's statement yesterday on the banking sector's estimated losses of RM1.
LBS Bina revises sales target down to RM1 bil for 2020
PETALING JAYA (July 27): Due to the Covid-19 pandemic and the ensuing Movement Control Order (MCO), LBS Bina Group Bhd (LBS) has revised its 2020 sales target to RM1 billion from the previously set figure of RM1.
BNM: Loan 'restructuring and rescheduling' upon repayment moratorium expiry
KUALA LUMPUR (July 24): Bank Negara Malaysia (BNM) has told analysts that upon expiry of the loan repayment moratorium by end-September 2020, banks in the country will not extend the scheme but will continue to offer targeted financial assistance in the form of restructuring and rescheduling (R&R) to borrowers who continue to face repayment issues.
Ahmad Maslan's bid to strike out charges dismissed by court
KUALA LUMPUR (July 24): The Sessions Court here today dismissed Datuk Seri Ahmad Maslan’s (pictured) bid to strike out charges of money laundering and providing a false statement to Malaysian Anti-Corruption Commission (MACC) officers.
Aug 7 fixed for decision on Najib's bid to strike out audit tampering charge
KUALA LUMPUR (July 23): Former Prime Minister Datuk Seri Najib Razak (pictured) will know on Aug 7, the fate of his bid to strike out the charge of tampering with the 1Malaysia Development Bhd (1MDB) audit report.
Synergy Promenade suit against Felda and FIC to go on trial
KUALA LUMPUR (July 23): Kuala Lumpur Vertical City (KLVC) master developer Synergy Promenade Sdn Bhd's suit against the Federal Land Development Authority (Felda) and its subsidiary Felda Investment Corp Sdn Bhd (FIC) will go on trial.
