News about Malaysian

KUALA LUMPUR (March 6): The US Department of Justice (DOJ) has delayed returning to Malaysia another US$240 million (about RM1 billion) of recovered money allegedly stolen from the 1MDB sovereign fund, two sources told Reuters today.

KUALA LUMPUR (March 5): Umno treasurer Datuk Seri Tengku Adnan Tengku Mansor (pictured) has denied the prosecution’s claims that he had forged a receipt to disguise the RM2 million bribe he allegedly received from a property developer as a political donation to his party.

KUALA LUMPUR (March 5): Forbes Asia said the wealth of Malaysia’s 50 richest on the 2020 Forbes Malaysia Rich List fell for the second consecutive year amid a weaker ringgit and the decline in the FBM KLCI.

KUALA LUMPUR (March 3): Malaysian Industrial Development Finance Bhd (MIDF) is offering financial relief to assist clients in dealing with the expected economic growth slowdown due to the COVID-19 outbreak.

KUALA LUMPUR (Feb 28): The Malaysian Institute of Estate Agents (MIEA) expects the property market to be adversely affected by the current challenges being faced by the country particularly the ongoing novel coronavirus (COVID-19) outbreak and the political crisis which has seen the fall of the Pakatan Harapan government and the resignation of the prime minister.

KUALA LUMPUR (Feb 27): A Malaysian Anti-Corruption Commission (MACC) investigating officer confirmed in the High Court today the authenticity of four letters linked to an alleged donation that the Saudi Arabia royals had given former Prime Minister Datuk Seri Najib Razak.

KUALA LUMPUR (Feb 27): The Malaysian Association of Hotels (MAH) says the RM20 billion economic stimulus package bodes well for the local hospitality industry as it addresses the association’s two main concerns directly — to ease cash flow and financial burden as well as to drive tourism.

Real estate in the United Kingdom is highly favoured among Malaysian property investors, driven by stable rental income and as accommodation for their children pursuing their studies in the UK.

KUALA LUMPUR (Feb 20): Malaysia's theme parks and attractions are one of the worst-hit leisure segments as both domestic and foreign tourists shy away from crowded places for fear of contracting the deadly coronavirus.

KUALA LUMPUR (Feb 20): The 13th Malaysian Property Summit scheduled to be held on Feb 26, 2020 at Sunway Resort Hotel & Spa, Bandar Sunway has been postponed to Wednesday June 24, 2020 owing to concerns over the COVID-19 outbreak.