News about Malaysia

KUALA LUMPUR (Aug 21): Utusan Melayu (M) Bhd confirmed today to Bursa Malaysia the newspaper publisher will increase the price of Utusan Malaysia from RM1.

KUALA LUMPUR (Aug 21): The Malaysian Anti-Corruption Commission (MACC) has unfrozen all seven bank accounts and two Central Depository System (CDS) accounts belonging to former 1Malaysia Development Bhd (1MDB) president and chief executive officer Arul Kanda Kandasamy (pictured).

KUALA LUMPUR (Aug 21): A high-level meeting of government officials is believed to take place as soon as tomorrow to map out the plan on the highway concessions in the country moving forward.

KUALA LUMPUR (Aug 21): Utusan Melayu (M) Bhd, the publisher of Utusan Malaysia and Kosmo!, will continue its operations for now.

KUALA LUMPUR (Aug 20): Genting Malaysia Bhd (GenM) said today its indirect wholly-owned subsidiary Genting (USA) Ltd (GenUSA) has acquired a 49% stake in joint venture company (JVCo) Hercules Topco LLC, which will hold all outstanding shares in Empire Resorts Inc under Empire's planned delisting from the US stock market.

KUALA LUMPUR (Aug 20): Financially stressed Utusan Melayu (M) Bhd is facing an uphill task finding a white knight to salvage the newspaper group, with total debts of RM139.

  KUALA LUMPUR (Aug 19): Former Prime Minister Datuk Seri Najib Razak's trial over his alleged abuse of power and laundering of RM2.

  THE Malaysian Chinese Association (MCA) is believed to have resubmitted a fresh plan on the redevelopment of its headquarters on Jalan Ampang, which is less than 1km away from the Petronas Twin Towers.

  KUALA LUMPUR (August 19) Former premier Datuk Seri Najib Razak will be in two High courts today as he will know today whether his 1Malaysia Development Bhd trial will begin today or otherwise before High Court Justicr Collin Lawrence Sequerah.

Visit Malaysia Year 2020 (VMY2020) is around the corner, but the hospitality sector does not have high hopes that it will be a key performance driver for the sector.