BNM cuts OPR to 3%, first revision in over a year
KUALA LUMPUR (May 7): Bank Negara Malaysia (BNM) has reduced its key interest rate to 3%, marking the first time it has revised the rate in more than a year.
‘KWAP breached its own rules in giving RM2b loan, endorsed by Najib, to SRC’
KUALA LUMPUR (May 7): Kumpulan Wang Persaraan (Diperbadankan) (KWAP) approved its first RM2 billion loan to SRC International Sdn Bhd without adhering to its own investment policy and guidelines, the High Court here was told yesterday.
RM15.5m spent on seizure, maintenance of Equanimity
KUALA LUMPUR (May 7): Attorney-General Tommy Thomas said the government has spent an estimated RM15.
World's first Hasbro water theme park to be in Melaka
KUALA LUMPUR (May 7): Meridian Bhd executive director Datuk Seth Yap today unveiled plans to develop the world's first Hasbro-themed water theme park at Meridian's Malaysia Tourism City (MTC) development in Kuala Linggi, Melaka, through a Hasbro licensing agreement secured by his private entity M101 Holdings Sdn Bhd.
Ex-Goldman banker pleads not guilty in 1MDB fraud case – report
KUALA LUMPUR (May 7): Former Goldman Sachs Group Inc banker Roger Ng, who was charged last year in connection with the looting of billions of dollars from 1Malaysia Development Bhd (1MDB), pleaded not guilty in Brooklyn federal court on Monday, just hours after being flown back to the United States.
Day 14 of Najib's SRC trial: Najib fails in bid to disqualify former Federal Court judge
KUALA LUMPUR (May 7): Datuk Seri Najib Razak's SRC trial will start a little later today as the former premier will have to travel to the Court of Appeal in Putrajaya to know the outcome of his appeal to remove former Federal Court judge Datuk Gopal Sri Ram as a prosecutor in his 1Malaysia Development Bhd (1MDB) case.
Dr M: We still need to find Jho Low because what we have recovered is less than what we lost
PUTRAJAYA (May 7): Malaysia will continue its hunt for Jho Low, a central figure in the 1Malaysia Development Bhd (1MDB) scandal, because what the country has recovered so far is still far less than what it has lost via the strategic investment fund, said Tun Dr Mahathir Mohamad.
PM rates his cabinet 5 out of 10, promises no reshuffle
PUTRAJAYA (May 7): Tun Dr Mahathir Mohamad has given what he described as a “conservative” score of five out of 10 to his cabinet ministers — many of whom are first-time ministers — ahead of the Pakatan Harapan coalition’s first year anniversary in government.
Dr M does not want to comment on Johor Sultan, but calls TMJ 'stupid'
PUTRAJAYA (May 6): In a move that will likely escalate tensions between the Johor Palace and the Pakatan Harapan administration, Prime Minister Tun Dr Mahathir Mohamad has slammed the Crown Prince of Johor, Tunku Mahkota Johor Tunku Ismail Ibni Sultan Ibrahim, as "stupid".
Malaysia sends ex-Goldman banker facing 1MDB charges to the US
KUALA LUMPUR (May 6): Former Goldman Sachs banker Roger Ng has been sent to the United States to face charges over 1MDB-related offences in a deal worked out between Malaysian investigators and the US Department of Justice (DOJ).
