News about international

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.

KUALA LUMPUR (April 28): Hotels will continue to be disallowed from operating at full capacity under the fourth phase of the Movement Control Order (MCO) starting tomorrow.

KUALA LUMPUR (April 18): China-based Xiamen GoldenHome Co Ltd is investing RM8.

KUALA LUMPUR: The government said it will establish a special cabinet committee to develop strategic measures to safeguard Malaysia’s economy and labour market impacted by Covid-19.

KUALA LUMPUR (March 31): The Malaysian International Chamber of Commerce and Industry (MICCI) says the Prihatin Rakyat Economic Stimulus Package is imbalanced between the support to employees and employers.

KUALA LUMPUR (March 27): Airbnb will provide free or subsidised housing for up to 100,000 relief workers in light of the COVID-19 pandemic, AFP reported today.

KUALA LUMPUR (March 26): Eco World International Bhd’s (EWI) net profit for the first quarter ended Jan 31 slumped by 95.

KUALA LUMPUR (March 20): Employers are required to provide official letters, or movement permits, for employees who are working during the Movement Control Order (MCO) to facilitate their movement in the event that they are stopped by patrol authorities during the restricted period, according to the Ministry of International Trade and Industry (MITI).

KUALA LUMPUR (March 13): The 1MDB-Tanore trial is adjourned, pending the COVID-19 test results of lead defence lawyer Tan Sri Muhammad Shafee Abdullah, who today showed the court documentary evidence that he was indeed ordered to go into self-quarantine.

KUALA LUMPUR (March 12): The 1MDB-Tanore trial, which was scheduled to start today after a long hiatus since November, has now been postponed as its lead defence counsel was in proximity to a person who is currently being tested for the COVID-19 virus.