News about Malaysia

PETALING JAYA (Oct 15): Embattled former Prime Minister Datuk Seri Najib Razak is seeking donations from the public to fund his family's legal battles.

Malaysian Resources Corp Bhd (Oct 12, 72 sen) Maintain buy with a target price of 98 sen: Malaysian Resources Corp Bhd’s (MRCB) balance sheet is expected to improve further in second half of financial year 2018 (2HFY18) with earnings enhancement largely due to the disposal of land in Kia Peng, Kuala Lumpur, which is to be concluded in the third quarter of FY18, and significant deleveraging expected from the disposal of its two key non-core assets — the Eastern Dispersal Link (EDL) with an outstanding debt of RM1.

KUALA LUMPUR (Oct 15): MP for Damansara and political secretary to Minister of Finance, Tony Pua, has chided the Singapore Straits Times (ST) for allegedly getting its facts incorrect in its reporting of the 1Malaysia Development Bhd (1MDB) scandal.

KUALA LUMPUR (Oct 12): Housing and Local Government Minister Zuraida Kamaruddin is upbeat about the prospects of the property market next year despite the less-than-rosy statistics from the first half of this year (1H2018) presented by the National Property Information Centre (Napic) yesterday.

PETALING JAYA (Oct 12): Former Prime Minister Datuk Seri Najib Razak denied all charges of money laundering, abuse of power and criminal breach of trust and appeared unrepentant about his reign of power in an interview with Financial Times.

KUCHING (Oct 10): The Malaysian Anti-Corruption Commission (MACC) Sarawak has completed about 50% of its probe into an illegal warehouse storing smuggled chicken wings that has been in operation in Miri for the past 30 years, says its director Razim Mohd Noor.

  Malaysia Building Society Bhd (Oct 9, RM1.

PETALING JAYA (Oct 9): Bank Negara Malaysia (BNM) is proposing a more flexible loan package with flexible interest rates and an extended maximum loan tenure for affordable home buyers, said Housing and Local Government Minister Zuraida Kamaruddin.

KUALA LUMPUR (Oct 8): The Malaysian Anti-Corruption Commission (MACC) has summoned Umno president Datuk Seri Dr Ahmad Zahid Hamidi for questioning at its headquarters in Putrajaya on Wednesday (Oct 10), according to Malaysiakini.

PETALING JAYA (Oct 8): Fugitive financier Low Taek Jho aka Jho Low has successfully evaded Malaysian authorities thanks to moles in the civil service and enforcement agencies tipping off members of the former Malaysian government, said former Council of Eminent Persons (CEP) chairperson Tun Daim Zainuddin.