Lingerie caused loss of RM80mil for Khazanah
KUALA LUMPUR (August 1): Investment in an online lingerie company resulted in losses of RM80 million, one of several bad moves by sovereign wealth fund Khazanah Nasional, Dewan Rakyat was told today.
Miri school closed due to flash floods
MIRI (August 1): Torrential rains which began at 2am today have resulted in flash floods and a landslide in Miri, forcing the closure of a school and a longhouse which were partly flooded.
MBSB 3Q, 4Q results seen to reflect loan loss provisions
Malaysia Building Society Bhd (July 31, RM1.
UPDATE: Man dies after falling onto LRT tracks
PETALING JAYA (Aug 1): A male passenger has died after allegedly falling onto the light rail transit (LRT) tracks at the Pusat Bandar Puchong LRT station this morning, reported Bernama.
MRT3 to be revisited when country’s finances improve
KUALA LUMPUR (Aug 1): The mass rapid transit Line 3 (MRT3) project may still see the light of day as the government will be revisiting it if the country’s financial situation improves, according to Finance Minister Lim Guan Eng.
KDEB to handle Petaling Jaya’s solid waste management
PETALING JAYA (August 1): Kumpulan Darul Ehsan Berhad (KDEB) Waste Management Sdn Bhd has been contracted to take over solid waste management and general cleaning around Petaling Jaya City Council’s (MBPJ) jurisdiction from today.
‘Tech adoption key in Khazanah’s 2nd GLC revamp’
KUALA LUMPUR (Aug 1): As Khazanah Nasional Bhd moves to implement the second programme to revamp government-linked companies (GLCs), it hopes to accelerate the level of technological adoption by its portfolio of companies under the five-year Transformation 2.
Azman Mokhtar clocks out of Khazanah after 14-year stint
KUALA LUMPUR (Aug 1): Tan Sri Azman Mokhtar (pictured) clocked out of Khazanah Nasional Bhd for the very last time yesterday after 14 years of service as the managing director (MD) of the strategic investment fund.
AirAsia proposes low-cost terminal in Penang
PETALING JAYA (August 1): AirAsia Group proposed development of a low-cost carrier terminal (LCCT) at Penang International Airport, a move that group chief executive officer Tan Sri Tony Fernandes estimates will bring in about eight million passengers per year, to Penang.
Professionals to run Khazanah
KUALA LUMPUR (Aug 1): Khazanah Nasional Bhd, which saw all its board members resign en masse last week, will continue to be managed by professionals despite having two politicians on its board now, according to Economic Affairs Minister Datuk Seri Mohamed Azmin Ali.
