News about c

  KUALA LUMPUR (June 25): Five entities and two individuals — including Umno and Datuk Seri Hasan Malek, former domestic trade and consumer affairs minister — need to appear before the High Court today in relation to the civil forfeiture suit filed by the Malaysian Anti-Corruption Commission (MACC) to recover money allegedly misappropriated from 1Malaysia Development Bhd (1MDB).

  KUALA LUMPUR (June 25): A North Korean businessman, who took up the Malaysia My Second Home scheme, has been refused bail by the Magistrate’s Court here after he was indicted by a US court on five counts of money laundering.

KUALA LUMPUR (June 24): Lawyers appearing for Goldman Sachs International, which is facing four summonses by the prosecution for capital market offences, have sought further time to study the summons served against the multinational investment bank and financial services company.

KUALA LUMPUR (June 24): The trade diversion benefits caused by the ongoing US-China dispute may not necessarily translate into longer term developments that can contribute to the economy, says International Monetary Fund (IMF) managing director Christine Lagarde.

KUALA LUMPUR (June 24): Rare earths producer Lynas Corp says today that it is committed to relocating the first stage processing of its rare earth – where the material is separated from the low level, naturally occuring radioactive material (NORM) it is found with – to Australia over the next five years.

KUALA LUMPUR (June 24): Local think tank Socio-Economic Research Centre (SERC) says it will be "still quite challenging" for Malaysia to achieve a gross domestic product (GDP) growth of 5% for the full year of 2019 due to the contraction in export and slowdown in private investment figures.

KUALA LUMPUR (June 24): Scomi Group Bhd said today Scomi Transit Projects Sdn Bhd (STP) and Prasarana Malaysia Bhd (PMB) had signed an agreement involving the design, manufacture, completion and delivery of seven four-car vehicles for the KL Monorail for RM122 million on Friday (June 21).

JOHOR BAHRU (June 24): Country Garden Pacificview Sdn Bhd (CGPV) the developer of Forest City in Johor has handed over the Tanjung Adang Forest City Park to the Johor Islamic Religious Council (MAIJ) in a ceremony yesterday.

KUALA LUMPUR (June 23): Finance Minister Lim Guan Eng today calls for investigations into possible monopolistic practices among cement players in Sarawak, saying that prices of the building material in the state are markedly higher than in Peninsular Malaysia.

PETALING JAYA: Property transactions are often time consuming as they involve various parties and processes which can take months or even years to complete.