Can ministers live with RM1,200 a month? If not, minimum wage hike too little: Wong Chen
KUALA LUMPUR (Oct 16): The implementation of RM1,200 minimum wage a month as proposed in Budget 2020 should be revised higher, unless Cabinet ministers themselves could live with that level of salary, said PKR lawmaker Wong Chen [PH-Subang].
Isa Samad trial: Witness says FIC rejected hotel buy twice but Najib wanted firm to reconsider
KUALA LUMPUR (Oct 16): The High Court here was told that former prime minister Datuk Seri Najib Razak asked Felda Investment Corp Sdn Bhd (FIC) to reconsider the purchase of the Merdeka Palace Hotel & Suites in Kuching, Sarawak, after FIC rejected the proposal twice, because the asset was overpriced.
1MDB director Casey Tang gave ‘okay’ to sign JV agreement with PSI impostor, says ex-1MDB CEO
KUALA LUMPUR (Oct 16): 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi admitted to inking a joint venture (JV) agreement between 1MDB and an impostor JV partner in 2009, despite noticing the inconsistencies in the name, on the advice of fellow 1MDB director Casey Tang.
Empire Resorts’ minority shareholder sues Genting Malaysia and Kien Huat Realty for unfair privatisation deal
KUALA LUMPUR (Oct 16): A minority shareholder is suing Empire Resorts Ltd, its board members and the controlling shareholders — Genting Malaysia Bhd (GENM) and Kien Huat Realty III, for the unfair offer to take the US-based casino operator private.
1MDB audit report tampering: Prosecution to prepare over 40 witness statements
KUALA LUMPUR (Oct 16): The prosecution team in the 1MDB audit report tampering trial involving Datuk Seri Najib Abdul Razak and former 1MDB chief executive officer Arul Kanda Kandasamy is preparing over 40 witnesses for the case, the High Court was told today.
1MDB only performed 'oral due diligence' on PSI prior to US$1b investment into JV: Witness
KUALA LUMPUR (Oct 16): What sort of due diligence did 1Malaysia Development Bhd (1MDB) perform on PetroSaudi International Ltd (PSI) before spending US$1 billion on a joint venture (JV) with the Saudi-based company? An oral one, said former 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi.
Lebanese jeweller's RM60m suit against Rosmah in limbo as court will only decide on trial day if it will proceed
KUALA LUMPUR (Oct 16): The trial involving Lebanese jeweller Global Royalty SAL's US$14.
Advancecon bags RM50.5m worth of jobs
KUALA LUMPUR: Advancecon Holdings Bhd has bagged two contracts worth a combined value of RM50.
Lower threshold for foreigners: It will solve liquidity problem faced by developers, says LBS Bina's Lim
KUALA LUMPUR (Oct 16): The lower property threshold for foreign ownership will help “solve the liquidity problem faced by developers”, LBS Bina managing director Tan Sri Lim Hock San (pictured) told China Press in an interview.
