Eric Tan claims he does not know beneficiary of US$681m ‘donation’
KUALA LUMPUR (March 3): Eric Tan Kim Loong, a confidante of Low Taek Jho (Jho Low), claimed he does not know who the recipients of the infamous US$681 million (RM2.
Zahid’s fixed deposit accounts raised millions but did not trigger bank’s red flags
KUALA LUMPUR (March 3): Cash deposits and subsequent proceeds raised from Datuk Seri Ahmad Zahid Hamidi’s fixed account amounting to millions of ringgit did not trigger any alarms as the transactions involved the account of his appointed law firm Messrs Lewis & Co.
Parliament to reconvene on May 18
KUALA LUMPUR (March 4): The first Parliament meeting for the year that was slated to begin on March 9 will now reconvene on May 18, said Speaker Tan Sri Mohamad Ariff Md Yusof.
Choose your Cabinet members carefully, former chief justice tells Muhyiddin
KUALA LUMPUR (March 3): Former chief justice Tun Abdul Hamid Mohamad has called on the newly appointed Prime Minister Tan Sri Muhyiddin Yassin to not compromise on practices of corruption and power abuse.
Paramount mulls venture into property management, proptech segment amidst margin erosion
KUALA LUMPUR (March 3): Paramount Corporation Bhd is mulling to establish footprint in the property management and property technology (proptech) segment with the proceeds from the divestment of its education operations.
UPDATED: BNM cuts OPR to 2.50% as COVID-19 weakens global economy
KUALA LUMPUR (March 3): Bank Negara Malaysia (BNM) said today its monetary policy committee (MPC) decided to reduce the overnight policy rate (OPR) by 25 basis points to 2.
Najib claims Muhyiddin has enough MPs to table vote of confidence
KUALA LUMPUR (March 3): Former prime minister Datuk Seri Najib Razak is confident that his one-time foe and current Prime Minister Tan Sri Muhyiddin Yassin has enough MPs in Parliament for a vote of confidence to command the majority of the August house.
MACC allowed for pre-prepared witness statement from Jho Low associate Eric Tan
KUALA LUMPUR (March 3): A Malaysian Anti-Corruption Commission (MACC) investigating officer testified in court today that during its 2015 probe into the 1Malaysia Development Bhd (1MDB) scandal, the commission accepted a pre-prepared witness statement from fugitive Eric Tan Kim Loong instead of questioning him.
Paramount Property eyeing opportunities in Bangkok, Manila and Ho Chi Minh city to expand overseas presence
KUALA LUMPUR (March 3): Paramount Corporation Bhd is looking at expanding its property development business segment in overseas cities where population is high but less urbanised, such as Bangkok in Thailand, Manila in The Philippines and Ho Chi Minh city in Vietnam.
MIDF offers financial relief to clients amid COVID-19 outbreak
KUALA LUMPUR (March 3): Malaysian Industrial Development Finance Bhd (MIDF) is offering financial relief to assist clients in dealing with the expected economic growth slowdown due to the COVID-19 outbreak.
