Utusan Melayu ceases operations
KUALA LUMPUR (Oct 9): Utusan Melayu (Malaysia) Bhd is ceasing operations today, according to an internal circular to employees.
Country Group Securities linked to Jho Low’s father, says defence
KUALA LUMPUR (Oct 9): The defence in Datuk Seri Najib Abdul Razak’s 1Malaysia Development Bhd (1MDB) trial has revealed that Thailand-based Country Group Securities Pcl, which was involved in the flipping of a RM5 billion Islamic medium term notes (IMTN) issued by the fund in 2009, is linked to Tan Sri Larry Low Hock Peng — the father of fugitive Low Taek Jho.
DPM: Govt mulling sinking fund for industries to reduce impact of disasters
PUCHONG (Oct 8): The government is considering the creation of a “sinking fund” to increase industry player's responsibility in managing and restoring disasters in the country, according to a Malay Mail article today.
PM Mahathir: Private sector proposals to reduce highway tolls can be considered
KUALA LUMPUR (Oct 7): Prime Minister Tun Dr Mahathir Mohamad said today the Malaysian government can consider private sector proposals to reduce highway tolls because the government is unable to eliminate these charges immediately due to the high expenses involved.
Difficult to imagine PLUS in the hands of private entities, says Khazanah MD
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.
Dr Mahathir: 'Yes, we can sell' PLUS Malaysia
KUALA LUMPUR (Oct 7): Prime Minister Tun Dr Mahathir Mohamad said today the Malaysian government can sell highway owner and operator PLUS Malaysia Bhd to private entities on the condition that the government still participates in the company's future decision making.
Short-term pains seen on road to SPV 2030
KUALA LUMPUR (Oct 7): If executed efficiently, Malaysia’s new economic development narrative Shared Prosperity Vision 2030 (SPV 2030) will be timely as it would rejuvenate economic growth at a time when growth momentum is slowing.
Reviving LTAT's diminishing returns
KUALA LUMPUR (OCT 5): Years of paying more returns than it can afford has led the Armed Forces Fund (LTAT) to its worst dividends in 46 years - 2% for FY18.
Anzo’s RM153m Melaka construction contract terminated
KUALA LUMPUR (Oct 5): Anzo Holdings Bhd’s RM153 million construction contract in Melaka has been terminated, citing “financial challenges” as reason.
