News about Malaysia

Damansara Heights is a matured enclave located on the fringe of Kuala Lumpur’s central business district and has long been one of the most coveted addresses among the well-heeled in the country.

KUALA LUMPUR (July 27): Three subsidiaries under UEM Group Berhad, namely PLUS Malaysia Berhad (PLUS), UEM Edgenta Berhad and UEM Sunrise Berhad have unified the process of their Procurement, Finance and Human Resource (HR) divisions and operations in Malaysia through the adoption of cloud computing service.

The case of SRC funds totalling RM42 million Total number of charges: 7 3 counts of criminal breach of trust Offence: Section 409 of the  Penal Code Penalty: Maximum 20 years’ jail + whipping + a fine 1 count of abuse of power Offence: Section 23(1) of MACC Act 2009 (punishable under Section 24 of the same act) Penalty: Maximum 20 years’ jail + a fine of not less than five times the amount of the bribe, or RM10,000, whichever is higher 3 counts of money laundering Offence:  Section 4(1)(b) of AMLATFPUAA 2001 Penalty: Maximum 15 years’ jail + a fine of RM5 million, or five times the amount, whichever is higher, for each charge ALL eyes will be on the Kuala Lumpur High Court (Criminal 3) on Tuesday, when former prime minister Datuk Seri Najib Razak learns whether he will be acquitted of all seven charges against him in relation to RM42 million belonging to SRC International Sdn Bhd or whether the court will find him guilty of several, if not all, of the charges.

KUALA LUMPUR (July 24): The Ministry of Finance has announced that Goldman Sachs has agreed to pay a record US$3.

KUALA LUMPUR (July 24): Bank Negara Malaysia (BNM) has told analysts that upon expiry of the loan repayment moratorium by end-September 2020, banks in the country will not extend the scheme but will continue to offer targeted financial assistance in the form of restructuring and rescheduling (R&R) to borrowers who continue to face repayment issues.

KUALA LUMPUR (July 23): The prosecution in former Malaysian External Intelligence Organisation (MEIO) director-general Datuk Hasanah Abdul Hamid's (pictured) criminal breach of trust (CBT) case informed the High Court of the possibility of calling protected foreign witnesses to testify in the trial.

KUALA LUMPUR (July 22): TRX City Sdn Bhd, a wholly-owned unit of the Minister of Finance Inc, has given IWH-CREC Sdn Bhd a four-and-a-half-month extension to pay the balance RM1.

KUALA LUMPUR (July 21): The Malaysian Aviation Commission (Mavcom) expects airfares on domestic routes to return to 2019 levels by November this year as available seating capacity is projected to return to normal, subject to the development of the Covid-19 pandemic, said Transport Minister Datuk Seri Dr Wee Ka Siong (pictured).

PETALING JAYA (July 21): Japanese homewares and lifestyle retailer Muji said that its business in Singapore and Malaysia will operate as usual despite the United States arm filing for bankruptcy protection, reported Channel News Asia.

  PETALING JAYA (July 20): A&W Malaysia has opened its latest outlet at Seventeen Mall in Section 17, PJ with a retro-themed concept.