PAC report: Only RM1.5b GST refunds overdue, not RM19.4b claimed by Finance Minister
KUALA LUMPUR (July 15): Only RM1.
Chinese investments bring huge economic potential
KUALA LUMPUR: Rising investments from China can bring immense economic potential to Malaysia, but there needs to be a higher level of transparency and accountability in such state-business relations to prevent power abuse, according to economists.
Child molestation reports shave off RM18.5b from property tycoon's wealth
BEIJING (July 11): A Chinese property tycoon was formally arrested yesterday for alleged child molestation.
Guan Eng: EPF, Khazanah oppose PLUS acquisition by Maju
KUALA LUMPUR (July 11): The Ministry of Finance (MoF) has made a preliminary decision to oppose the takeover of highway operator PLUS Malaysia Bhd by Maju Holdings Sdn Bhd after considering the views from PLUS' major shareholders Khazanah Nasional Bhd and the Employees Provident Fund (EPF).
Equanimity sale proceeds kept in bank pending court decision on maintenance costs
KUALA LUMPUR (July 11): The proceeds from the sale of 1Malaysia Development Bhd (1MDB)-linked super yacht, Equanimity, are currently stored in a bank account managed by a local law firm for three months.
‘Ku Nan sometimes loaned over RM300,000 a month to Umno’
KUALA LUMPUR (July 10): Former federal territories minister Datuk Seri Tengku Adnan Tengku Mansor would advance anywhere from RM100,000 to RM300,000 monthly to Umno, his former senior private secretary told the High Court yesterday.
Pensonic sells PJ property for RM19.5m
KUALA LUMPUR (July 10): Pensonic Holdings Bhd said it is selling its commercial property in Petaling Jaya, comprising a land plot with buildings, for RM19.
Loan given out before govt guarantee issued as SRC needed second RM2b loan ‘urgently’
KUALA LUMPUR (July 9): A witness from the Ministry of Finance testified that he was asked to sign a letter on behalf of the ministry, ordering the Retirement Fund (Incorporated) (KWAP) to release a RM2 billion loan to SRC International Sdn Bhd months before a government guarantee was issued, as the company needed the funds urgently.
MoF: IRB's voluntary disclosure scheme induces 486,360 taxpayers to reveal undeclared income
KUALA LUMPUR (July 8): The Inland Revenue Board of Malaysia (IRB)'s special voluntary disclosure programme (SVDP) has as at June 23 this year induced 486,360 taxpayers to reveal their undeclared income to the government, according to the Ministry of Finance (MoF).
Cabinet to decide on local govt elections by year end
KUALA LUMPUR (July 8): Malaysia will not implement local government elections until the Cabinet decides on the matter by end of this year, says Deputy Housing and Local Government Minister Datuk Raja Kamarul Bahrin Shah Raja Ahmad Baharuddin Shah today.
