News about Malaysia

PETALING JAYA (Oct 10): The government is anticipated to ink the development agreement for the long-held up controversial Penang tunnel project tomorrow morning just before the Budget 2020 tabling, sources said.

KUALA LUMPUR (Oct 10): Risks to Malaysia's economic growth outlook continue to tilt towards the downside in anticipation that a sharper-than-expected slowdown in major economies, unresolved trade tension and a maturing global technology cycle could weigh on the country's export demand in the near term.

KUALA LUMPUR (Oct 10): Prime Minister Tun Dr Mahathir Mohamad said today some employees of newspaper publisher Utusan Melayu (M) Bhd, which ceased operations yesterday, will be rehired by a new media group.

KUALA LUMPUR (Oct 10): Cagamas Bhd and Japan Housing Finance Agency have inked a memorandum of cooperation (MoC) to strengthen cross-border collaboration for housing finance development in their respective countries.

KUALA LUMPUR (Oct 9): Utusan Malaysia, the oldest Malay-language newspaper in the country, will carry on despite the operational shutdown of its former holding company Utusan Melayu (M) Bhd today, says the latter's executive chairman Datuk Abd Aziz Sheikh Fadzir.

KUALA LUMPUR (Oct 9): Utusan Melayu (Malaysia) Bhd is ceasing operations today, according to an internal circular to employees.

KUALA LUMPUR (Oct 9): Refined sugar producer MSM Malaysia Holdings Bhd, a 51% subsidiary of FGV Holdings Bhd, is selling a 4,453.

KUALA LUMPUR (Oct 7): Datuk Shahrol Azral Ibrahim Halmi, former CEO of 1Malaysia Development Bhd (1MDB), has denied receiving US$1 million from former Goldman Sachs banker Tim Leissner in relation to the issuance of the US$1.

KUALA LUMPUR (Oct 7): Former 1Malaysia Development Bhd (1MDB) CEO Datuk Shahrol Azral Ibrahim Halmi said the initial public offering (IPO) of 1MDB Energy in 2015 could have been successful, if not for the negative publicity spread by the Opposition at the time.

KUALA LUMPUR (Oct 7): The involvement of fugitive financier Low Taek Jho (Jho Low) in 1Malaysia Development Bhd (1MDB) had to be kept under wraps, as there were people within Umno who were unhappy with his direct access to Datuk Seri Najib Razak (pictured), the High Court was told.