GST refunds kept in consolidated revenue account violated fundamental trust laws, accounting rules
KUALA LUMPUR (July 15): To keep the RM19.
Pahamin’s Najah Air said to be seeking RM1b in first funding for Malaysia Airlines
KUALA LUMPUR: Najah Air Sdn Bhd, a group of businessmen led by AirAsia Group Bhd co-founder and former chairman Datuk Pahamin Ab Rajab, is said to be seeking about RM1 billion from a Japanese lender to support its takeover bid for Malaysia Airlines Bhd.
Tourism tax unfair because short stay platforms exempted, says hoteliers
PETALING JAYA (July 12): The tourism tax is deemed a lopsided system because it is borne only by established hotels but not short stay platforms like Airbnb, said the Malaysian Association of Hotel Owners (MAHO) president Tan Sri Teo Chiang Hong.
Property Management: Ask the experts — Seeking remedies
Q: The flooring of the pool deck at our condominium is too slippery.
Jho Low’s name found in phone of banker handling Najib’s accounts
KUALA LUMPUR (July 12): A Bank Negara Malaysia (BNM) officer testified yesterday he noticed the name of fugitive businessman Low Taek Jho, better known as Jho Low, in data extracted from a mobile telephone belonging to a bank officer who handled former premier Datuk Seri Najib Razak’s personal accounts.
Guan Eng: EPF, Khazanah oppose PLUS acquisition by Maju
KUALA LUMPUR (July 11): The Ministry of Finance (MoF) has made a preliminary decision to oppose the takeover of highway operator PLUS Malaysia Bhd by Maju Holdings Sdn Bhd after considering the views from PLUS' major shareholders Khazanah Nasional Bhd and the Employees Provident Fund (EPF).
Student returns textbook late, Amazon charges dad whopping US$3,800
KUALA LUMPUR (July 11): A US student at the University of Delaware, Amelia SanFilippo, found out the hard way that you will pay a heavy price if you do not return a rented textbook to Amazon.
No more orange attire for graft suspects in court, says Latheefa
KUALA LUMPUR (July 9): Suspects in graft cases will no longer be required to wear the bright orange attire when they are brought to court.
Dhaya Maju LTAT wins back KVDT2 job, but contract value cut by 15%
KUALA LUMPUR (July 9): Syarikat Dhaya Maju LTAT Sdn Bhd — a 80:20 joint venture between privately-held construction company Dhaya Maju Infrastructure (Asia) Sdn Bhd (DMIA) and Lembaga Tabung Angkatan Tentera (LTAT) — has won back the second phase of the Klang Valley Double Track (KVDT2) rehabilitation contract, 10 months after it was terminated.
Loan given out before govt guarantee issued as SRC needed second RM2b loan ‘urgently’
KUALA LUMPUR (July 9): A witness from the Ministry of Finance testified that he was asked to sign a letter on behalf of the ministry, ordering the Retirement Fund (Incorporated) (KWAP) to release a RM2 billion loan to SRC International Sdn Bhd months before a government guarantee was issued, as the company needed the funds urgently.
