Deloitte fined RM2.2m over 1MDB scandal

KUALA LUMPUR (Feb 1): In the first case of an audit firm being penalised in connection with the 1Malaysia Development Bhd (1MDB) scandal, the Securities Commission Malaysia (SC) yesterday fined Deloitte PLT RM2 million for failing to discharge its statutory obligations, including not immediately reporting irregularities.

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Yong Tai to raise up to RM1b via sukuk

KUALA LUMPUR (April 11): Yong Tai Bhd has established a sukuk or Islamic Medium Term Note Programme of RM1 billion in nominal value to finance its investment activities, capital expenditure and working capital requirements.

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EcoWorld unit issues RM250 mil five-year MTNs

KUALA LUMPUR (Aug 15): Eco World Development Group Bhd’s (EcoWorld) wholly-owned unit, Eco World Capital Assets Bhd (EWCA), has raised RM250 million via the issuance of unrated medium term notes (MTNs) with the said nominal value.

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