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KUALA LUMPUR (March 4): LPI Capital Bhd chairman Tan Sri Dr Teh Hong Piow (pictured) said Malaysia’s low interest-rate environment is expected to persist into the foreseeable future as the Covid-19 pandemic and effectiveness of global efforts to contain its spread continue to dominate the world economic landscape.

KUALA LUMPUR (March 3): Bukit Aman (pictured) said today that it has begun investigations into Datuk Dr Tawfiq Ayman for allegedly receiving funds linked to 1Malaysia Development Berhad (1MDB) in a Singapore bank account under his name.

Read also DONE DEAL: Terraced house at Bukit Mandarina, Cheras, Kuala Lumpur DONE DEAL: Townhouse at Tropical Villa, Seri Kembangan, Selangor Jointly developed by Ireka Group via Aseana Properties Ltd and CapitaLand Finance from Singapore, SENI Mont Kiara is a luxury condominium project located in the affluent Mont’Kiara neighbourhood, Kuala Lumpur.

PUTRAJAYA (March 3): The Federal Court, which today released its written judgement on Malaysiakini’s contempt of court case over comments posted by readers, said the comments were “simply scurrilous and irreprehensible”.

KUALA LUMPUR (March 3): Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz has confirmed that the Malaysian government has agreed to a settlement of US$80 million (RM324 million) with Deloitte PLT in relation to the 1Malaysia Development Bhd (1MDB) scandal.

KUALA LUMPUR (March 3): A vicious assault on a Chinese university lecturer in the UK recently has renewed “fears of violent anti-Asian racism in the country amid the Covid-19 pandemic”, reported the South China Morning Post (SCMP).

KUALA LUMPUR (March 3): The current low interest rate environment bodes well for the property market due to lower borrowing costs, says Paramount Corp Bhd group chief executive officer Jeffrey Chew (pictured).

KUALA LUMPUR (March 3): Genting Malaysia Bhd’s senior management team has taken a temporary voluntary 20% salary cut for three months, and the company has written to staff for them to consider a variation in their employment contract with a suggested variation staggered depending on job grade from 15% to 20% reduction in salary or one day no pay leave per week, according to a letter sighted by The Edge.

Read also DONE DEAL: Terraced house at Bukit Mandarina, Cheras, Kuala Lumpur DONE DEAL: Townhouse at Tropical Villa, Seri Kembangan, Selangor Persiaran Zaaba is a street located off Jalan Datuk Sulaiman in Taman Tun Dr Ismail (TTDI), Kuala Lumpur.

KUALA LUMPUR (March 3): Advancecon Holdings Bhd said yesterday it has been appointed a subcontractor for ground treatment works for Section 4 of the East Coast Rail Link (ECRL) project for RM14.