Iskandar Malaysia Bus Rapid Transit project now moving into next phase
KUALA LUMPUR (March 17): The Iskandar Malaysia Bus Rapid Transit (IMBRT) project is now moving forward into the next phase.
High Court fixes Sept 6-7 to hear govt’s bid to bar Tarek Obaid, PetroSaudi from accessing over US$340m 1MDB-linked funds in UK
KUALA LUMPUR (March 17): The High Court here today has fixed Sept 6-7, 2021 to hear the prohibition order application by the Malaysian government against PetroSaudi International Ltd (PSI) and Saudi businessman Tarek Obaid from using over US$340 million (RM1.
DONE DEAL: Serviced apartment at Pavilion Suites, Jalan Bukit Bintang, Kuala Lumpur
Read also DONE DEAL: Double-storey bungalow at Monterez Golf & Country Club, Shah Alam, Selangor DONE DEAL: Studio at Banyan Tree Signatures Pavilion, Jalan Conlay, Kuala Lumpur Pavilion Suites Kuala Lumpur is a project completed in 2018 by the Pavilion Group.
Malaysia needs strong reforms to boost long-term growth — World Bank
KUALA LUMPUR (March 16): Malaysia, which is on the verge of crossing the high-income nation threshold, needs to implement strong reforms by investing in human capital, increasing female force participation and implementing policy changes that improve productivity growth to boost the country's economic growth in the long run, according to the World Bank.
Covid-19: Malaysia’s daily new infections drop further to 1,063
KUALA LUMPUR (March 16): New Covid-19 cases in Malaysia dropped further to 1,063 today, bringing the country's cumulative coronavirus infections to 326,034.
High Court allows ex-1MDB counsel Jasmine Loo's Mont Kiara home to be auctioned off
KUALA LUMPUR (March 16): The High Court here today allowed for the apartment previously belonged to 1Malaysia Development Bhd's (1MDB) former general counsel Jasmine Loo Ai Swan to be auctioned off.
Cypark partners Johor state for waste-to-energy project
KUALA LUMPUR (March 16): Cypark Resources Bhd said yesterday it has entered into a cooperation agreement with the Johor state government to participate in a waste-to-energy (WTE) project in Batu Pahat, Johor.
Umno lawyer disputes prosecution claim RM20 million returned to Najib
KUALA LUMPUR (March 16): A lawyer from UMNO yesterday disputed the prosecution's assertion that former CIMB chairman Datuk Seri Nazir Razak had purportedly helped to cash in three cheques totalling RM20 million from his older brother Datuk Seri Najib Razak, who was then the country's prime minister and chairman of 1Malaysia Development Bhd's (1MDB) advisory board, and given the money back to Najib.
Malaysia expected to cross high-income threshold by 2025 — World Bank
KUALA LUMPUR (March 16): Malaysia is expected to cross the high-income country threshold by 2025 under a baseline scenario, on the basis that the economy continues to expand healthily in the next few years, said World Bank.
Roger Ng's US trial expected to begin June or July; still unclear when he will return to Malaysia
KUALA LUMPUR (March 16): The trial of former Goldman Sachs banker Roger Ng in the US for his role in the 1Malaysia Development Bhd (1MDB) scandal is expected to begin in June or July this year, the High Court here was told today.
