Ikhmas Jaya active, up 4.76% on securing RM405m subcontract
KUALA LUMPUR (June 12): Ikhmas Jaya Group Bhd shares rose 4.
Defence goes into overdrive to prove Najib was not in control of former 1MDB's unit SRC
KUALA LUMPUR (June 11): Today’s afternoon session of the trial against former Prime Minister Datuk Seri Najib Razak over his alleged involvement in embezzling funds from SRC International Sdn Bhd saw the defence going into overdrive to prove he was not in control of the special purpose vehicle (SPV).
Lim Goh Tong's grandson breaks silence amid Donaco leadership transition
KUALA LUMPUR (June 11): Donaco International Ltd, which is linked to the late Genting Group founder Tan Sri Lim Goh Tong's grandsons, said today Benjamin Lim Keong Hoe's (pictured) role as interim chief executive officer (CEO) and managing director has now concluded following Paul Arbuckle's appointment as CEO.
Khalid defends YWP role amidst criticism of conflict
KUALA LUMPUR (June 11): The Federal Territories (FT) ministry cannot do without controversial company Yayasan Wilayah Persekutuan (YWP), said FT minister Khalid Samad today, in the latest instalment of the Rimba Kiara development saga.
MBSB in midst of restructuring for banking unit to be holding company
KUALA LUMPUR (June 11): Malaysia Building Society Bhd (MBSB) is undertaking an internal restructuring that will result in its wholly-owned banking subsidiary — MBSB Bank Bhd, formerly known as Asian Finance Bank Bhd — being the group's holding company within the next two years.
No decision on fuel subsidy yet, says PM
PUTRAJAYA (June 11): The government has not come out with a decision on the targeted fuel subsidy mechanism that was proposed in the election manifesto, said Prime Minister Tun Dr Mahathir Mohamad.
Defence ministry to take measures against land encroachment
PETALING JAYA (June 11): The defence ministry (MinDef) will be taking measures against those who have encroached onto its land .
Too much bureaucracy in doing business in Malaysia, says PM
PUTRAJAYA (June 11): The government is looking into reducing the number of processes that businesses and investors need to go through to do business in Malaysia, said Tun Dr Mahathir Mohamad.
BNM's international reserves slip 0.49% to US$102.3b as at end-May
KUALA LUMPUR (June 11): Bank Negara Malaysia's (BNM) international reserves slipped RM500 million or 0.
