Price of RON97 increases one sen, RON95, diesel unchanged
KUALA LUMPUR (Oct 18): The retail price of RON97 petrol will be higher by one sen per litre at RM2.
Shahrol: KPMG and Deloitte did not raise any issues on PSI's credibility
KUALA LUMPUR (Nov 8): The auditors of 1Malaysia Development Bhd (1MDB) namely KPMG and Deloitte did not raise any substantial issues on the credibility of PetroSaudi International Ltd (PSI) to the board of directors, said former 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi.
Shahrol: I didn’t suspect anything amiss over transfer of 1MDB money to Jho Low's firm
KUALA LUMPUR (Nov 8): 1Malaysia Development Bhd (1MDB) did not suspect anything amiss when transferring US$330 million meant for PetroSaudi International Ltd (PSI) into the account of Good Star Ltd in 2011, despite its earlier experiences with Good Star in 2009, the High Court was told yesterday.
Najib’s defence argues PSI tried to trick him into expediting US$1b funding
KUALA LUMPUR (Nov 7): The defence in Datuk Seri Najib Abdul Razak’s 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial has argued that there may have been a conspiracy by PetroSaudi International Ltd (PSI) executives Tarek Obaid and Patrick Mahony to ensure that the former Prime Minister would expedite the release of US$1 billion to their company.
1MDB-Tanore Trial Day 32: Najib to attend to another 1MDB case first thing this morning
KUALA LUMPUR (Nov 7): Former premier Datuk Seri Najib Abdul Razak will have to attend to another case involving 1Malaysia Development Bhd (1MDB) this morning before appearing for his 1MDB-Tanore trial, which will be entering its 32nd day.
1MDB-Tanore Trial Day 31: Court failed to follow longer trial hours on first day of implementation
KUALA LUMPUR (Nov 6): The 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial yesterday ended early at 4:50pm, instead of the originally scheduled 6pm, as lead defence counsel Tan Sri Muhammad Shafee Abdullah requested to leave earlier to attend the Sultan Azlan Shah law lecture.
PetroSaudi still owes 1MDB up to US$2.2b as of 2015, court told
KUALA LUMPUR (Nov 5): Datuk Shahrol Azral Ibrahim Halmi, former CEO of 1Malaysia Development Bhd (1MDB), says today PetroSaudi International Ltd (PSI) has accumulated "around US$2.
Despite ‘zero governance’ of 1MDB-PetroSaudi JV, partnership continued to maintain ‘strategic relationship’
KUALA LUMPUR (Nov 5): The High Court here was told that the joint venture (JV) between 1Malaysia Development Bhd (1MDB) and PetroSaudi International (PSI) in 2009 had “zero governance”, yet the former persisted in partnering with the latter to preserve their “strategic relationship”, a witness said.
Most of the funds raised for TRX, Bandar Malaysia went to PSI instead, says Shahrol
KUALA LUMPUR (Nov 4): Former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi (pictured, left) today revealed that most of the funds raised by the sovereign wealth fund intended to be utilised for the development of Tun Razak Exchange (TRX) and Bandar Malaysia had instead gone to PetroSaudi International Ltd (PSI).
Shah Alam has more to offer
From oil palm and rubber plantations into a modern industrial city, Shah Alam today is also a top choice for young families and professionals to live especially those who work in the Western corridors of the Klang Valley.
