Guan Eng: RM13.9b to pay off 1MDB, SRC debts from 2017 to 2020
KUALA LUMPUR (Oct 30): The government will have to forked out RM13.
Najib knew about US$700m diversion to Good Star: Witness
KUALA LUMPUR (Oct 30): The diversion of US$700 million to Good Star Ltd — a company linked to fugitive businessman Low Taek Jho — instead of the joint venture company set up between 1 Malaysia Development Bhd (1MDB) and PetroSaudi International Ltd (PSI), was apparently known to former prime minister Datuk Seri Najib Abdul Razak, said a former 1MDB chief executive.
Nobody on 1MDB board tried to verify Good Star ownership after US$700m transferred
KUALA LUMPUR (Oct 29): Nobody on the board of 1Malaysia Development Bhd (1MDB) attempted to verify the ownership of Good Star Ltd after US$700 million was transferred into its accounts, instead of those of its purported parent PetroSaudi International Ltd (PSI), in September 2009.
Gagasan Nadi Cergas to buy hostel asset concessionaire for RM158m
KUALA LUMPUR (Oct 29): Gagasan Nadi Cergas Bhd announced today that it plans to acquire polytechnic hostel asset concessionaire Konsortium PAE Sepakat Sdn Bhd (KPS) for RM158 million, cash.
Shahrol admits he is '1MDB Officer 2' in US DoJ report
KUALA LUMPUR (Oct 29): 1Malaysia Development Bhd (1MDB) former chief executive officer Datuk Shahrol Azral Ibrahim Halmi admitted today that he was the person referred to as "1MDB Officer 2" in 1MDB-linked lawsuits filed by the US Department of Justice (DoJ) in 2016.
I'm sorry my solution to our financial crisis problems profited the tycoons — Dr M
KUALA LUMPUR (Oct 29): Tun Dr Mahathir Mohamad today offered a sarcastic apology on his blog, as he "confessed" that he was party to the creation of the solution to help the country overcome the problems wrought by the 1997-98 Asian Financial Crisis, which he admitted benefitted a few tycoons.
Landslip in Petaling Jaya too close for comfort
PETALING JAYA (Oct 29): A landslip on a slope sited between the commercial and residential areas in Section 16, Petaling Jaya has become a cause of concern.
MBAM: Construction players must embrace tech
KUALA LUMPUR: The Master Builders Association Malaysia (MBAM) has advised construction players to embrace technology and digitalisation, the Star reported today.
Office glut pushes Tower REIT to innovate
KUALA LUMPUR (Oct 29): Facing a prolonged office glut, Tower Real Estate Investment Trust (REIT) chief executive officer Eusoffe Chua said it cannot rest on its laurels.
Hong Leong’s Tower REIT to reinvent co-working space
KUALA LUMPUR (Oct 29): Filling up office space is not easy for landlords nowadays simply because of oversupply.
