Penang: Local councils to reduce proposed assessment rates hike
PENANG (May 7): The state authorities here have decided to reduce the increase in the proposed assessment rates, Malaysiakini reported today.
US reaches settlement to recover over US$49m involving 1MDB: DoJ
KUALA LUMPUR (May 7): The US has reached a settlement to recover more than US$49 million involving Malaysian sovereign wealth fund 1Malaysia Development Bhd (1MDB), the US Department of Justice (DoJ) said in a Reuters report today.
Prinsiptek founder Foo Chu Jong disposes entire stake in the group which has been renamed Ageson
KUALA LUMPUR (May 7): Ageson Bhd said yesterday that its non-executive director Datuk Foo Chu Jong has ceased to be a substantial shareholder in the construction group.
Report: Ipoh's famous Restoran Kok Thai closes permanently, another victim of Covid-19
IPOH (May 7): Restoran Kok Thai (pictured) has been the venue for many wedding dinners over the years in this city.
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Rehda, MBAM want government to bear construction workers' testing costs
PETALING JAYA (May 6): The Real Estate and Housing Developers’ Association (Rehda) Malaysia and Master Builders Association Malaysia (MBAM) are appealing to the government to bear the cost for Covid-19 tests for construction workers.
Report: 145 foreign construction workers go 'into hiding' after Covid-19 swab test
KUALA LUMPUR (May 6): A large group of foreign construction workers went “into hiding” after swab tests were carried out on such workers who had come into contact with infected staff at the Pavilion Embassy construction site, reported Free Malaysia Today (FMT).
RHB Bank lowers base rate by 50 basis points
KUALA LUMPUR (May 6): RHB Banking Group has revised its base rate (BR) and base lending rate (BLR) downwards by 50 basis points (bps) effective May 13, 2020, in line with a reduction in the overnight policy rate (OPR) by Bank Negara Malaysia (BNM).
Five-year-old stopped on US highway wanted to buy Lamborghini, police say
KUALA LUMPUR (May 6): A US trooper stopping a car with a suspected “impaired driver” on a US highway on Monday was bemused to find a five-year-old in the driver’s seat, Reuters reported today.
Independent director resigns from Ikhmas Jaya
KUALA LUMPUR (May 5): Ikhmas Jaya Group Bhd, whose external auditor raised a red flag on its financials, has announced that its independent and non-executive director Yeun Choong Lai has resigned from the board.
