News about ng

KUALA LUMPUR (Aug 13): Malaysia’s new ceiling price for three-ply face masks at RM1 per piece will be enforced beginning Saturday (Aug 15) in line with the government’s decision on the mandatory use of the item to curb the spread of the Covid-19 pandemic, Domestic Trade and Consumer Affairs Minister Datuk Alexander Nanta Linggi said today.

KUALA LUMPUR (Aug 13): Analysts have maintained their "neutral" rating of Malaysian real estate investment trusts (M-REITs) following news that the Securities Commission Malaysia (SC) will temporarily increase the gearing limit for M-REITs from 50% to 60%.

PETALING JAYA (Aug 13): The National House Buyers Association (HBA) reminded landlords to be wary of the activities that will be carried out in their premises before renting out their units, reported The Star.

PETALING JAYA (Aug 13): Bukit Aman CID director Comm Datuk Huzir Mohamed warned that stern action will be taken against illegal gambling syndicates and also the owners of premises who lease out their properties or buildings for illegal activities, reported The Star.

KUALA LUMPUR (Aug 13): Director of Bukit Aman’s Internal Security and Public Order Department, Datuk Seri Acryl Sani Abdullah Sani, has been appointed acting Deputy Inspector-General of Police (IGP), effective today.

KUALA LUMPUR (Aug 12): The residential project Avenue South Residences in Singapore will boast the tallest prefabricated buildings in the world and Malaysia’s claim to fame will be that their “modules” are made in a factory in Senai, Johor.

KUALA LUMPUR (Aug 12): Two lawyers, including one who had represented former premier Tun Dr Mahathir Mohamad, are questioning why Datuk Seri Najib Razak (pictured) is allowed a stay in paying the RM210 million fine after he was found guilty of all charges by the High Court in the SRC International Sdn Bhd case last month.

KUALA LUMPUR (Aug 12): Former deputy prime minister Datuk Seri Dr Ahmad Zahid Hamidi handed over 92 cheques totalling more than RM76 million to Yayasan Al-Falah from 2016 to 2018 via law firm Lewis & Co, despite not being a trustee to the foundation, a partner with the law firm confirmed in court today.

KUALA LUMPUR (Aug 12): The fateful Feb 24, 2016 meeting — which led to the alleged tampering of the 1Malaysia Development Bhd (1MDB) audit report — could not be considered as an exit conference meeting because an exit conference can only be chaired by the auditor-general, the High Court heard today.

KUALA LUMPUR (Aug 12): The Ministry of Finance said it is confident that Malaysia will be able to regenerate its economy after the Covid-19 crisis settles down, highlighting the country’s sovereign ratings which are “still at high levels”.