News about ho

KUALA LUMPUR (Aug 6): Fugitive financier Low Taek Jho (Jho Low) will not be able to use the ongoing tax amnesty programme to escape criminal prosecution over alleged theft of state funds, says Finance Minister Lim Guan Eng.

KUALA LUMPUR (Aug 6): Fugitive businessman Low Taek Jho, who is known to have facilitated transfers to and from AmBank accounts of Datuk Seri Najib Razak between year 2011 and 2015, may have skipped the former prime minister’s approval in one of those transfers, the High Court was told yesterday.

KUALA LUMPUR (Aug 6): Fugitive businessman Low Taek Jho (Jho Low) ordered RM40 million of SRC International Sdn Bhd funds to be channelled into former premier Datuk Seri Najib Razak’s AmBank accounts in the final week of December 2014 to ensure funds advanced by two Putrajaya Perdana Bhd units could be returned.

KUALA LUMPUR (Aug 5): Further escalation on trade tensions between the US and China could prompt Bank Negara Malaysia (BNM) to cut interest rates again as early as November — bringing them down to levels not seen since March 2011 — to mitigate any impact on domestic growth, said Hong Leong Investment Bank (HLIB).

KUALA LUMPUR (Aug 3): Tun Dr Mahathir Mohamad should finish a full term as prime minister, said PKR vice-president Zuraida Kamaruddin, The Star reported today.

JOHOR BAHRU (Aug 3): A policeman corporal has been arrested for stealing the underwear of a female colleague at the Kulai district police HQ’s housing barracks in Kulai here, reported The Malay Mail yesterday.

KUALA LUMPUR (Aug 3): The stock of household debt as a share of gross domestic product (GDP) in Malaysia has declined over the years, thanks in part to a weaker housing market, and more deleveraging is likely to continue.

PETALING JAYA (Aug 2): Local properties are seeing some rapid take-ups from Hong Kong buyers who are seeking alternatives amidst the current social unrest.

Q: Some residents want to rent out their units for short-term accommodation.

KUALA LUMPUR (Aug 2): A transfer of RM27 million of SRC International Sdn Bhd funds — code-named “Eagle 27” — into former premier  Datuk Seri Najib Razak’s 880 account was misrepresented by fugitive businessman Low Taek Jho (Jho Low) as a donation from royalty, when it had actually originated from SRC International Sdn Bhd’s account.