Najib's aide appointed to Tanjong Energy board after 1MDB acquisition, documents show
KUALA LUMPUR (Aug 30): Shortly after 1Malaysia Development Bhd (1MDB) announced that it was acquiring Tanjong Energy Holdings Sdn Bhd for RM8.
Women power - Driving the nation forward: Zuraida Kamaruddin, Minister of Housing and Local Government
One of the most adored and respected women in Malaysia — Tun Dr Siti Hasmah Mohd Ali was conferred the title Ibu Negara (Mother of the Nation) this month by the Asian Strategy and Leadership Institute (ASLI) for her lifelong contribution to the nation, in conjunction with this year’s National Women’s Day which fell on Aug 25.
I-Bhd 2Q net profit down 51% as unbilled sales shrink
KUALA LUMPUR (Aug 29): I-Bhd's net profit fell 51% to RM10.
Park Regent at Desa ParkCity hits 80% take-up in a month
KUALA LUMPUR (Aug 29): Park Regent by the Water (Park Regent), the latest high-rise luxury residential project in Desa ParkCity, Kuala Lumpur has achieved 80% take-up in a month after its official launch end of July.
Utusan to be delisted from Bursa tomorrow after 25 years as listed company
KUALA LUMPUR (Aug 29): Practice Note 17 (PN17) firm Utusan Melayu (M) Bhd is set to be delisted from Bursa Malaysia on Aug 30, as the company announced today that no appeal has been made against the regulator's decision.
Maybank sees another 25 bps OPR cut before year end
KUALA LUMPUR (Aug 29): Malayan Banking Bhd (Maybank) expects another 25 basis point (bps) cut in Bank Negara Malaysia's overnight policy rate (OPR) to 2.
Najib's grip over 1MDB tightened six months after becoming PM
KUALA LUMPUR (Aug 29): Six months after Datuk Seri Najib Razak was appointed Prime Minister in 2009, a new article was added to Terengganu Investment Authority Bhd's (TIA) articles of association to grant him significant control over the company, which eventually became 1Malaysia Development Bhd (1MDB).
Tokyo remains the safest city in the world
PETALING JAYA (Aug 29): Japan’s Tokyo (pictured) is the safest city globally, according to the Safe Cities Index (SCI) by The Economist Intelligence Unit, a research and analysis division under The Economist Group.
MACC seizes assets from former minister, Akademi Pemuda in forfeiture suit
KUALA LUMPUR (Aug 29): The government through the Malaysian Anti-Corruption Commission (MACC) today seized assets from former minister Datuk Hasan Malek and Akademi Pemuda in relation to a forfeiture suit to recover funds allegedly misappropriated from 1Malaysia Development Bhd.
Sime Darby Property to grow recurring income base to 10% of revenue
KUALA LUMPUR (Aug 29): Sime Darby Property Bhd is looking to grow its recurring income base to 10% of total revenue, from the current 6%, over the next five years, as it embarks on its transformation to expand into the key growth sectors of industrial and logistics development.
