News about Malaysia

PETALING JAYA (Nov 29): Bidding for the US$250 million (RM1 billion) superyacht Equanimity once owned by fugitive financier Jho Low has closed yesterday.

PETALING JAYA (Nov 28): The Malaysian Developers Council of Australia (MDCA) has been established and launched in Melbourne earlier this week, the council was set up with the objective to assist Malaysian developers who are looking at expanding their presence Down Under.

KUALA LUMPUR (Nov 28): Parti Keadilan Rakyat’s (PKR) president Datuk Seri Anwar Ibrahim has reiterated that Goldman Sachs Group should be made to pay back more than the amount it received from the Malaysian government for facilitating bond sales for 1Malaysia Development Bhd (1MDB) due to its “disgusting” role in the matter.

KUALA LUMPUR (Nov 27): The Malaysian Retail Chain Association says its members posted an average year-on-year revenue growth of 5.

PETALING JAYA (Nov 27): Average office rents in Kuala Lumpur city centre declined slightly by 0.

KUALA LUMPUR (Nov 27): The Federal Government is not planning to impose any tax on windfall profit, Finance Minister Lim Guan Eng said.

For pulling out of an agreement to sponsor a Fox World theme park at Genting’s resort, Genting Malaysia Bhd is suing Walt Disney Co.

  KUALA LUMPUR: Finance Minister Lim Guan Eng lambasted opposition members of parliament (MPs) from Barisan Nasional (BN) yesterday for refusing to face the reality that 1Malaysia Development Bhd (1MDB) is a mega scandal, calling them “an ostrich burying its head in the sand”.

KUALA LUMPUR (Nov 27): Tan Sri Shukry Mohd Salleh has been ousted as chairman of Bank Rakyat’s board with immediate effect, as he is allegedly involved in the tampering of the original audit report on 1Malaysia Development Bhd (1MDB) when he was the chief private secretary of former prime minister Datuk Seri Najib Razak.

KUALA LUMPUR (Nov 26): IJM Corp Bhd's net profit plunged 80.