Malaysia's wholesale and retail trade plunge as online retail sales surges
KUALA LUMPUR (June 11): Malaysia's sales value of wholesale and retail trade plunged 36.
High Court dismisses RM100,000 1MDB forfeiture suit against Yayasan PBAKM
KUALA LUMPUR (June 11): The High Court has dismissed the government forfeiture suit against Yayasan Persatuan Bekas Anggota Kemas Malaysia (Yayasan PBAKM) to recover RM100,000 which was alleged to be funds originating from troubled sovereign wealth fund 1Malaysia Development Bhd (1MDB).
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BBCC and Mitsui Fudosan in en-bloc deal worth RM242m
PETALING JAYA (June 10): Mitsui Fudosan (Asia) Malaysia Sdn Bhd (MFAM) and BBCC Development Sdn Bhd (BBCCD) have signed a joint venture agreement to acquire a serviced residence block in the Bukit Bintang City Centre (BBCC) development, Kuala Lumpur, for RM242 million.
BAPE, Omotesando Koffee and David Rocco’s Dolce Vita to open in Suria KLCC
KUALA LUMPUR (June 10): Suria KLCC's newly revamped Ramlee Mall is set to welcome several new stores which will be featured for the first time in Malaysia and even in the world.
PH, allies set to announce key decision in a week
KUALA LUMPUR (June 9): Pakatan Harapan (PH) and its allies, which held a joint meeting today reportedly to nominate a candidate for the prime minister's post, said a decision will be made within a week.
AG: Prosecution of Musa Aman's graft charges no longer tenable
KUALA LUMPUR (June 9): The withdrawal of the 46 corruption and money laundering cases against former Sabah chief minister Tan Sri Musa Aman today was done as it was no longer tenable to continue with his prosecution, said Attorney General (AG) Tan Sri Idrus Harun.
Hotels hit by 'buka puasa' buffet loss of RM135m
KUALA LUMPUR (June 9): Malaysian hotel operators suffered an estimated loss of RM135 million in food and beverage (F&B) revenue during the fasting month of Ramadan this year, as the Covid-19 pandemic restricted large gatherings.
Ex-chief secretary Samsudin Osman appointed Sime Darby’s interim chairman
KUALA LUMPUR (June 9): Sime Darby Bhd has appointed its non-independent and non-executive director Tan Sri Samsudin Osman (pictured) as its interim acting chairman, effective tomorrow.
Dr Mahathir, five others file suit against Muhyiddin and RoS over removal from Bersatu
KUALA LUMPUR (June 9): Former premier Tun Dr Mahathir Mohamad (pictured), his son Datuk Seri Mukhriz Mahathir and four others have filed a suit against Parti Pribumi Bersatu Malaysia (Bersatu) president Tan Sri Muhyiddin Yassin and the Registrar of Societies (RoS), seeking a declaration that they are rightful members of Bersatu and that their posts in the party remain intact.
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Knight Frank: Penjana to boost industrial, residential and hospitality markets
PETALING JAYA (June 9): The RM35 billion Short-Term Economic Recovery Plan (Penjana) will benefit the industrial, residential and hospitality sectors in the property market, said real estate consultancy Knight Frank Malaysia.
