Malaysia's richest tycoons and the billions in dividends they earned in the final quarter of 2020
KUALA LUMPUR (March 18): Eight of Malaysia's top 10 richest tycoons — based on Forbes' 2020 billionaires list — earned a whopping RM1.
Hard to trace money trail at NFC, says defendant’s witness
KUALA LUMPUR (March 18): There was no way to determine that the sum of RM172.
Covid-19: Malaysia’s new cases rise to 1,219 with two more deaths
KUALA LUMPUR (March 17): Malaysia today registered 1,219 new Covid-19 cases, a slight increase from the 1,063 reported yesterday, yet marking the 12th consecutive day that new cases stayed below the 2,000 mark.
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.
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.
Keck Seng net loss widens to RM44m in 4Q on impairment loss from overseas hotel
KUALA LUMPUR (March 16): Keck Seng (Malaysia) Bhd’s fourth quarter net loss widened to RM43.
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.
