News about Malaysian

KUALA LUMPUR (Aug 6): Malaysia Steel Works (KL) Bhd's (Masteel) standalone credit profile remains vulnerable to fluctuations in steel price, fluctuating cost of raw materials and increased competitive pressures in the Malaysian market, according to Malaysian Rating Corp Bhd (MARC).

KUALA LUMPUR (Aug 3): Malaysian Resources Corporation Bhd’s (MRCB) subsidiary has bagged a chilled water supply contract worth an estimated RM149.

KUALA LUMPUR (Aug 3): A further reduction in interest rate by the US Federal Reserve in the second half of the year (2H2019) will provide more room for Bank Negara Malaysia (BNM) to adjust the overnight policy rate (OPR) downward again, says Malaysian Rating Corp Bhd (MARC).

  KUALA LUMPUR (July 29): Umno is contesting the forfeiture suit filed against it by the Malaysian Anti-Corruption Commission (MACC) on funds allegedly siphoned from 1Malaysia Development Bhd (1MDB).

PETALING JAYA (July 12): The tourism tax is deemed a lopsided system because it is borne only by established hotels but not short stay platforms like Airbnb, said the Malaysian Association of Hotel Owners (MAHO) president Tan Sri Teo Chiang Hong.

KUALA LUMPUR (Jul 1): The government will be tabling a special motion to make it compulsory for members of Parliament to do asset declaration.

KUALA LUMPUR (June 7): Latheefa Beebi Koya, the nation’s first female top graft buster, clocked in to work for the first time today, even as her appointment was questioned by various quarters.

  KUALA LUMPUR (June 4): The Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC) has weighed in on the issue of PropTech companies allegedly performing illegal real estate brokering by urging PropTech companies to comply with existing legislation.

KUALA LUMPUR (Jun 4): Lawyers for Liberty executive director Latheefa Beebi Koya has been appointed as the chief commissioner of the Malaysian Anti-Corruption Commission (MACC), following the request by Datuk Seri Mohd Shukri Abdullah to have his contract shortened.

  PETALING JAYA: The DATUM:KL 2019 is back for its 17th installation this July and is expected to attract more than 2,000 participants.