BNM appoints Abd Rahman Abu Bakar as assistant governor
KUALA LUMPUR (April 30): Bank Negara Malaysia (BNM) has appointed Abd Rahman Abu Bakar (pictured) as assistant governor, effective May 1.
ADB projects Malaysian economy to rebound to 6% in 2021, stabilise at 5.7% in 2022
KUALA LUMPUR (April 28): Malaysia’s economy is projected to rebound to 6% in 2021 and stabilise at about 5.
1MDB asset forfeiture: Lawyer says no evidence linking money in Najib’s AmBank accounts to properties seized from residence
KUALA LUMPUR (April 23): Former prime minister Datuk Seri Najib Razak’s (pictured) lawyer Tania Scivetti said today the prosecution’s asset forfeiture action against Najib must be dismissed because there is no evidence that the seized properties from his residence along Jalan Langgak Duta were linked to alleged 1Malaysia Development Bhd (1MDB)-related money in his AmBank accounts.
Serving of bankruptcy notice on Najib an act of intimidation, says Shafee
PUTRAJAYA (April 8): Datuk Seri Najib Razak’s lawyer Tan Sri Muhammad Shafee Abdullah (pictured) has described the move to serve a bankruptcy notice on the former premier as intimidation on the grounds that it happened just after Umno had declared its withdrawal of support for the Perikatan Nasional government.
Defence raises questions about former YR1M CEO's credibility and quizzes court to call Najib for defence
PUTRAJAYA (April 7): The defence for Datuk Seri Najib Razak today raised questions regarding the credibility of former Yayasan Rakyat 1Malaysia (YR1M) chief executive officer (CEO), Ung Su Ling (pictured), who had earlier claimed that the directions to transfer the disputed sum of RM42 million of SRC International Sdn Bhd funds came from the former premier's principal private secretary, the late Datuk Azlin Alias.
Malaysia's household debt-to-GDP ratio at new peak of 93.3% as at December 2020, says BNM
KUALA LUMPUR (March 31): Bank Negara Malaysia (BNM) said today Malaysia's household debt-to-gross domestic product (GDP) ratio had risen to a new peak of 93.
Prosecution says the RM31m it is seeking to forfeit, including RM10m from Najib and family, is from 1MDB
KUALA LUMPUR (March 26): The prosecution, who is seeking to forfeit over RM10 million worth of assets from Datuk Seri Najib Razak (pictured) and his family, told the court today that these — together with some RM21 million they are seeking to seize from 13 other individuals — are from 1Malaysia Development Bhd (1MDB).
To attract FDI, don't just promote Malaysia, take care of investors after they arrive — World Bank
KUALA LUMPUR (March 26): The World Bank said today Malaysia should have a more coordinated approach in its efforts to lure foreign direct investment (FDI) into the country and the focus should be on providing effective aftercare to investors once they arrive in the country to ensure their investments here stay on for the long term.
World Bank lowers GDP growth projection for Malaysia to 6% in 2021
KUALA LUMPUR (March 26): The World Bank has lowered its gross domestic product (GDP) growth projection for Malaysia to 6% in 2021, from 6.
Genting chairman buys over Genting Hong Kong’s stake in Grand Banks Yachts for HK$62.58m
KUALA LUMPUR (March 25): Genting Hong Kong Ltd is selling its entire stake in Grand Banks Yachts to Genting Bhd chairman Tan Sri Lim Kok Thay (pictured) for HK$62.
