News about Malaysia

KUALA LUMPUR (Sept 24): UEM Sunrise Bhd has said it continuously explores strategic business opportunities that can deliver stakeholder and shareholder returns.

KUALA LUMPUR (Sept 24): Lafarge Malaysia Bhd’s (LMB) minority shareholders voted down a resolution that would have allowed the group to undertake recurrent related party transactions (RPTs) worth an aggregate RM3.

KAJANG (Sept 23): Property market transactions for 1H2019 have rebounded for the first time since the market dipped in 1H2015, the improved sales performance also signaling a resilient market outlook, according to data from National Property Information Centre (Napic).

KUALA LUMPUR (Sept 23): Former Terengganu Investment Authority (TIA) and later its federalised incarnation 1Malaysia Development Bhd (1MDB) chief executive officer (CEO) Datuk Shahrol Azral Ibrahim Halmi described former premier Datuk Seri Najib Razak as being so close with fugitive businessman Low Taek Jho — better known as Jho Low — that he gave the Penang-born financier the mandate to plan and arrange the operations of the two entities.

  KUALA LUMPUR (Sept 23): The trial involving Riza Shahriz Abdul Aziz, the stepson of former Prime Minister Datuk Seri Najib Razak, for five money laundering charges involving US$248.

  KUALA LUMPUR (Sept 23): When asked about his cronies in a video posted online on Saturday, the former prime minister Datuk Seri Najib Razak said all of Malaysia were his cronies, and should go to jail with him.

KUALA LUMPUR (September 23): Former Terengganu Investment Authority and 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi is expected to take the witness stand at the High Court today in the trial involving accused former prime minister Datuk Seri Najib Razak.

PETALING JAYA (Sept 21): The Malaysian Meteorological Department said the haze situation in the country should improve next week when the monsoon transition phase begins.

KUALA LUMPUR (Sept 20): UEM Group Bhd, a wholly-owned subsidiary of Khazanah Nasional Bhd, said part of the proceeds from the disposal of its subsidiary's stake in the operator of the 117km-long Cikopo-Palimanan (Cipali) toll road will be invested into Malaysia's key national infrastructure and other opportunities in Indonesia.

KUALA LUMPUR (Sept 20): The Companies Commission of Malaysia (SSM) has initiated legal proceedings against former SRC International Sdn Bhd directors Nik Faisal Ariff Kamil and Datuk Suboh Md Yasin (pictured) for failing to submit the FY17 financial statement of SRC unit Gandingan Mentari Sdn Bhd.