News about international

KUALA LUMPUR (June 19): A witness from the Ministry of Finance (MoF) told the High Court here today that for the first time ever, the ministry had to prepare materials on a company to be included in a Cabinet memorandum concerning its application for a government guarantee.

KUALA LUMPUR (June 18): The board members of SRC International Sdn Bhd would not have been able to remain in their positions if they had refused to follow the instructions of Datuk Seri Najib Razak, said its former chairman Tan Sri Ismee Ismail.

KUALA LUMPUR (June 17): It turns out that there were even more secret transactions involving SRC International Sdn Bhd funds that were concealed from its board of directors, including the application of a second RM2 billion loan from Retirement Fund (Incorporated) (KWAP).

KUALA LUMPUR (June 17): Fugitive financier Low Taek Jho — better known as Jho Low — was mentioned again in today's SRC International Sdn Bhd proceedings.

KUALA LUMPUR (June 17): Two men linked to the 1Malaysia Development Bhd (1MDB) kleptocracy scandal have been convicted of financial crimes and sentenced to jail in Abu Dhabi, The Wall Street Journal reported yesterday, citing a statement from the emirate’s criminal court.

KUALA LUMPUR (June 14): The defence lawyers in the SRC International Sdn Bhd trial decided to proceed with the testimony of its former chairman Tan Sri Ismee Ismail after all, following their scrutiny of his oral evidence transcript for alleged deviations from his witness statement.

  SINGAPORE (June 13): Singapore is the 12th most expensive location in the world for expatriates, according to findings from the latest Cost of Living survey published by ECA International.

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).

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.

KUALA LUMPUR (June 11): Bank Negara Malaysia's (BNM) international reserves slipped RM500 million or 0.