Bakke resigns from E&O board
KUALA LUMPUR (May 10): Eastern & Oriental Bhd (E&O) said Tan Sri Mohd Bakke Salleh has resigned as non-independent and non-executive director of the group.
PM announces whole of Malaysia under MCO from May 12 to June 7
KUALA LUMPUR (May 10): The whole of Malaysia will be placed under the Movement Control Order (MCO) from May 12 to June 7, said Prime Minister Tan Sri Muhyiddin Yassin in a statement this evening, as the country grapples with rising Covid-19 infections.
Malaysia records 3,807 new daily Covid-19 cases; Selangor tops list again
KUALA LUMPUR (May 10): Malaysia recorded 3,807 new daily Covid-19 cases today — up from 3,733 yesterday — pushing the number of active cases, which carry high transmission risks, to 37,396 — the ninth straight day of staying above the 30,000 mark.
MoH: Covid-19 patients take up 67% of govt hospital beds
KUALA LUMPUR (May 10): The Ministry of Health (MoH) said 67% of public hospital beds were used to treat those infected by Covid-19, including suspected and probable patients, as of last Saturday (May 8).
Finance Ministry confirms 1MDB, SRC filed civil suits for a combined US$23b, as per The Edge report
KUALA LUMPUR (May 10): The Ministry of Finance (MoF) has confirmed the filing of 22 suits by 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd for the recovery of assets with a total in excess of RM96.
Malaysia hotel industry losses RM135m during Ramadan last year
PETALING JAYA (May 10): At least RM135 million of revenue in the food and beverage segment were evaporated during last year’s Ramadan period, due to the implementation of movement control order (MCO), according to Malaysian Association of Hotels (MAH).
Gamuda, Putrajaya to benefit from highway trust proposal, says Kenanga Research
KUALA LUMPUR (May 10): Putrajaya stands to be the greatest beneficiary from the proposal put forth by Gamuda Bhd to have four tolled highways acquired by a highway trust for RM5.
Najib, Shahrol, Ismee and Ibrahim Ali among those named in 16 suits by SRC
KUALA LUMPUR (May 10): Former prime minister Datuk Seri Najib Razak's name appears prominently in two out of 16 civil suits by SRC International Sdn Bhd, firstly for breach of fiduciary duties and secondly for receiving RM42 million, for which he has already been found guilty and convicted recently.
1MDB files multibillion suits against Deutsche Bank, Coutts, JP Morgan, Wong & Partners and others
KUALA LUMPUR (May 10): 1Malaysia Development Bhd (1MDB) has filed a total of five separate suits, including against foreign banks Deutsche Bank, JP Morgan and Coutts & Co.
Analysts raise S P Setia target price on Tebrau land disposal
KUALA LUMPUR (May 10): Analysts have raised their target prices (TPs) for S P Setia Bhd after the company sold eight parcels of land measuring 959.
