Shahrol explains why 1MDB called repatriation of US$1.83b from 1MDB-PSI JV 'Project PITA'
KUALA LUMPUR (May 21): An internal memo among the board and management of 1Malaysia Development Bhd (1MDB) referred to the repatriation of US$1.
1MDB-Tanore trial: Defence, prosecution appears frustrated as judge maintains only three lawyers allowed
KUALA LUMPUR (May 20): Both the prosecution and defence in former prime minister Datuk Seri Najib Abdul Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial appeared frustrated today, as High Court judge Collin Lawrence Sequerah refused their request to have more lawyers during the proceedings.
Shahrol denies change of 1MDB auditor was to sweep 'everything under the carpet'
KUALA LUMPUR (May 20): Former 1Malaysia Development Bhd (1MDB) chief executive officer (CEO) Datuk Shahrol Azral Ibrahim Halmi denied that he swept "everything under the carpet" by changing the external auditor which declined to sign off the accounts.
Ex-Goldman Sachs banker Roger Ng's case faces setback as he has yet to return to Malaysia
KUALA LUMPUR (May 19): Former Goldman Sachs Group Inc banker Roger Ng Chong Hwa, who was supposed to return to Malaysia in March in time for his criminal trial involving 1Malaysia Development Bhd (1MDB), is still in the United States as he is facing criminal charges there.
US reaches settlement to recover over US$49m involving 1MDB: DoJ
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.
Hotels still not allowed to operate at full capacity, association says
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.
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Chinese kitchen cabinet maker Xiamen Goldenhome invests in Signature Int'l
KUALA LUMPUR (April 18): China-based Xiamen GoldenHome Co Ltd is investing RM8.
Special panel to address economic fallout of MCO
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.
MICCI says more effective stimulus package needed for businesses
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.
COVID-19: Airbnb to offer free or subsidised housing to 100,000 relief workers
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.
