Budget hotels working on app to boost business
PETALING JAYA (Oct 31): Budget hotels are hoping that an app will help them to counter the increasing popularity of Airbnb accommodation online travel agencies.
Delayed since 1996, flood mitigation works begin
PETALING JAYA (Oct 31): The RM150m Sungai Pinang Flood Mitigation Project is slated to begin mid-2020, pending the completion of consultancy work, said Penang local government committee chairman Jagdeep Singh Deo.
PLUS MD retort after Renong's former executive chairman statement on PLUS' debts
KUALA LUMPUR (Oct 31): PLUS Malaysia Bhd said today the highway operator was already a debt-ridden company when Syarikat Danasaham Sdn Bhd took over UEM Group Bhd (UEMG) from Renong Bhd and subsequently privatised UEMG in 2001.
Court fixes Dec 16 to mention Goldman's alleged conduct of misleading investors in 1MDB bond issuance
KUALA LUMPUR (Oct 31): The High Court has fixed Dec 16 as the next case mention date for charges (change to summons) against three Goldman Sachs entities in the latter's alleged conduct of misleading investors in the issuance of three 1MDB bonds.
Jho Low confirms asset settlement with US, maintains innocence
KUALA LUMPUR (Oct 31): Fugitive businessman Low Taek Jho confirmed today he has reached a landmark comprehensive, global settlement with the US government to resolve the US' civil and criminal actions relating to his assets.
US reaches settlement to recover more than US$700m in assets allegedly traceable to corruption involving 1MDB
PETALING JAYA (Oct 31): The Department of Justice has reached a settlement of its civil forfeiture cases against assets acquired by Low Taek Jho, aka Jho Low, and his family using funds allegedly misappropriated from 1Malaysia Development Berhad (1MDB), Malaysia’s investment development fund, and laundered through financial institutions in several jurisdictions, including the United States, Switzerland, Singapore and Luxembourg.
Mudajaya obtains Worldwide Mareva Injunction against ex-employee
KUALA LUMPUR (Oct 30): Mudajaya Corp Bhd has been granted a Worldwide Mareva Injunction up to the value of RM49.
Court orders Works Minister, de-facto Law Minister and Govt to be defendants in contractor's suit
KUALA LUMPUR (Oct 30): The High Court today ordered the Works Minister, the de-facto Law Minister and government to be defendants in a suit brought by contractor Mega Sasa Sdn Bhd against the Asian International Arbitration Centre (AIAC), its director Vinayak Pradhan, Kinta Bakti Sdn Bhd and one Soh Lieh Sieng.
Halim wants Gamuda’s toll concessions, on top of PLUS
KUALA LUMPUR (Oct 31): The competition for toll roads is heating up.
Guocoland sees sixth consecutive quarter in the red
KUALA LUMPUR (Oct 30): Guocoland (Malaysia) Bhd, the property development arm of Hong Leong Group, reported a widened net loss of RM10 million for the first quarter ended Sept 30, 2019 (1QFY20) versus its net loss of RM1.
