Ex-1MDB CEO agrees that TIA was not Najib's idea

Oct 07

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.

Shahrol: I wouldn't blame Najib for trusting Jho Low

Oct 07

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.

Shared Prosperity Vision 2030 to further grow economic complexity: Azmin Ali

Oct 07

KUALA LUMPUR (Oct 7): Shared Prosperity Vision 2030 (SPV 2030) is aimed to further grow economic complexity and propel the nation towards high value-added economic activities, said Minister of Economic Affairs Datuk Seri Mohamed Azmin Ali.

Difficult to imagine PLUS in the hands of private entities, says Khazanah MD

Oct 07

KUALA LUMPUR (Oct 7): As PLUS Malaysia Bhd is a strategic asset of Khazanah Nasional Bhd, its managing director Datuk Shahril Riza Ridzuan said it would be difficult to imagine the highway owner and operator in the hands of a private entity.

Ahmad Maslan denies receiving 1MDB money

Oct 07

KUALA LUMPUR (Oct 7): Barisan Nasional lawmaker Datuk Seri Ahmad Maslan has denied receving money from strategic development company 1Malaysia Development Bhd (1MDB).

80 1MDB fund recipients, including Nazir and former ministers, get compound notice from MACC

Oct 07

KUALA LUMPUR (Oct 7): The Malaysian Anti-Corruption Commission (MACC) has issued compound notices to 80 individuals and entities believed to have received funds from 1Malaysia Development Bhd (1MDB) totalling up to RM420 million.

'Do away with ouster clauses'

Oct 07

KUALA LUMPUR (Oct 7): Ouster clauses should be made unconstitutional, says former Federal Court justice Datuk Seri Gopal Sri Ram, referring to laws passed by Parliament that seek to prevent a judicial review of decisions made by the executive branch of the government.

Khazanah plans asset sales to cut debt to RM35b — Azmin

Oct 07

KUALA LUMPUR (Oct 7): Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said today Khazanah Nasional Bhd is identifying assets for sale as Malaysia's sovereign wealth fund aims to reduce its debt to between RM35 billion and RM40 billion as soon as possible.