News about TM

KUALA LUMPUR (Oct 7): Former 1Malaysia Development Bhd (1MDB) CEO Datuk Shahrol Azral Ibrahim Halmi concedes before the High Court today that the beleaguered state-owned fund was not the ‘baby’ of Datuk Seri Najib Razak as its inception was not mooted by the former prime minister.

KUALA LUMPUR (Oct 7): Datuk Shahrol Azral Ibrahim Halmi, former CEO of Terengganu Investment Authority Bhd (TIA) and then 1Malaysia Development Bhd (1MDB), agreed with the defence’s suggestion that he does not blame former prime minister Datuk Seri Najib Razak for trusting fugitive financier Low Taek Jho and Casey Tang Keng Chee, which was former 1MDB executive director of business development.

PETALING JAYA (Oct 2): The Department of Valuation and Property Services (JPPH) under the Ministry of Finance Malaysia and the Royal Institution of Surveyors Malaysia (RISM) signed a Memorandum of Understanding (MoU) today to foster public and private strategic alliances with each other.

KUALA LUMPUR (Oct 1): In his testimony yesterday, former 1Malaysia Development Bhd (1MDB) CEO Datuk Shahrol Azral Ibrahim Halmi told the court of several occasions whereby approvals for the ventures of the troubled state investment fund were fast tracked, obtaining approvals within a matter of days.

  KUALA LUMPUR (Sept 30): Former 1Malaysia Development Bhd (1MDB) CEO Datuk Shahrol Azral Ibrahim Halmi told the High Court today he was not aware Aabar Investment PJS Ltd (Aabar BVI), the company which 1MDB paid US$576.

KUALA LUMPUR (Sept 27): An independent body should be established to probe “contractors who tender for projects in order to stem corruption in public procurement”, Public Works Department (JKR) director Kamaluddin Abdul Rashid said, reported Free Malaysia Today.

KUALA LUMPUR (Sept 26): Datuk Seri Najib Razak’s senior counsel said that the suspension of the RM5 billion Islamic medium term notes (IMTN) issuance would have negatively impacted Malaysia’s ratings, which was why the former premier had decided to go on with the issuance.

KUALA LUMPUR (Sept 25): Hong Leong Investment Bank Bhd says Malaysia's Budget 2020 may include a RM4 billion contingency plan to cushion the nation's economic growth from the prolonged US-China trade tension.

KUALA LUMPUR (Sept 25): Former Terengganu Investment Authority Bhd (TIA) and 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi (pictured) said 1MDB was exempted from being audited by the National Audit Department, as it presented a political risk to former prime minister Datuk Seri Najib Razak.

SEPANG (Sept 24): IOI Properties Group Bhd saw keen interest from prospective buyers for its Alanis serviced apartment project at Warisan Puteri township in Kota Warisan, Sepang, Selangor.