News about Malaysia

KUALA LUMPUR (Aug 8): Food outlets such as those selling roti canai, nasi lemak (pictured) and nasi goreng, and earning less than RM1 million annual revenue would be exempted from tax under the proposed Service Tax Bill 2018, said Finance Minister Lim Guan Eng.

JOHOR BARU (August 8): Due to a population boom, Iskandar Malaysia requires between 600,000 and 700,000 residential units from now until 2025.

KUALA LUMPUR (Aug 8): Former Defence Minister Datuk Seri Hishammuddin Hussein (pictured) said his cousin and ex-Prime Minister Datuk Seri Najib Razak's second round of criminal charges is in line with the rule of law but hopes that he gets a fair trial in court.

KUALA LUMPUR (Aug 8): Strategic investment fund 1Malaysia Development Bhd (1MDB) has laid claim to the Equanimity super yacht, said to be bought using monies misappropriated from 1MDB, when it finally arrived on Malaysian shores yesterday afternoon at Pulau Indah, Selangor.

KUALA LUMPUR (Aug 7): Former prime minister Datuk Seri Najib Razak (pictured), who arrived at the Malaysian Anti-Corruption Commission (MACC) at 4.

PETALING JAYA (Aug 7): A Kota Kinabalu International Airport executive has been remanded for four days for allegedly receiving bribes worth RM36,500 in relation to the approval of airport rental space, reported The Star.

KUALA LUMPUR (Aug 7): Former prime minister Datuk Seri Najib Razak (pictured) arrived at the Malaysian Anti-Corruption Agency (MACC) at 4.

SINGAPORE (August 7): Malaysian Economic Affairs Minister Datuk Seri Mohamed Azmin Ali’s claim that he met with ‘senior officials from Singapore’ over the weekend to discuss the Kuala Lumpur-Singapore high speed rail (HSR) project was refuted by The Ministry of Transport (MOT)  in Singapore, reported Today.

KUALA LUMPUR (Aug 6): Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said his ministry will issue a statement at a later stage on details of the planned Kuala Lumpur-Singapore High Speed Rail (HSR).

KUALA LUMPUR (Aug 6): With the new leadership at Khazanah Nasional Bhd taking shape, investors and market watchers await clarity on the sovereign wealth fund’s future direction.