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KUALA LUMPUR (July 14): The prosecution had on Friday filed a notice of motion for forfeiture action against Tareq Obaid, PetroSaudi International Ltd, PetroSaudi Oil Services (Venezuela) Ltd, Clyde and Co LLP and Temple Fiduciary Services Ltd.

BUTTERWORTH (July 13): A retired Tenaga Nasional Bhd officer was charged with three counts of cheating at the Sessions Court today for accepting RM65,000 four years ago to ensure an electricity bill for a company was below RM100,000.

PETALING JAYA (July 13): Datuk Seri Michael Yam FCIOB has been appointed vice president of the Chartered Institute of Building (CIOB) on 23 June 2020.

KUALA LUMPUR (July 13): Former Ministry of Education (MoE) secretary-general Datuk Seri Alias Ahmad admitted today that no action was taken against Jepak Holdings Sdn Bhd, including lodging a police report against it, when officers and ministry discovered there were allegations of cheating and alterations of the contract it signed for a solar hybrid project for Sarawak schools.

KUALA LUMPUR (July 13): The Malaysian Association of Tour and Travel Agents (MATTA) has urged the government and Bank Negara Malaysia (BNM) to extend the bank loan-repayment moratorium by another six months for the tourism industry because the sector is the hardest hit by the Covid-19 outbreak and studies indicate that it will only recover from the crisis much slower than other local industries.

    PETALING JAYA (JULY 13): Muji USA Ltd, the US unit of the  Japan-based lifestyle and apparel brand has filed for bankruptcy in the state of Delaware on July 10.

KUALA LUMPUR (July 13): Hong Leong Investment Bank Bhd (HLIB) said today most real estate developers under its coverage had notified the research firm of the likelihood of a property sales target revision in the near term as they contend with the impact of the Covid-19 pandemic-driven movement control order (MCO) in Malaysia.

KUALA LUMPUR (July 13): AmInvestment Bank Research has  upgraded the building material sector to “Neutral” (from Underweight) and said it sees a mixed picture for the sector.

KUALA LUMPUR (July 12): The purchase of luxury superyacht Topaz, which is estimated to be worth US$688 million (RM2.

KUALA LUMPUR (July 12): The Royal Pahang Durian Group (RPD) and its partner, Perbadanan Kemajuan Pertanian Negeri Pahang (PKPP), have come out with a mutually beneficial solution for all illegal farmers that are currently occupying its land in Raub, following Pahang’s proposed land legalisation scheme on July 9.