MoF says Goldman Sachs pays record US$3.9b settlement in relation to 1MDB, confirms The Edge report
KUALA LUMPUR (July 24): The Ministry of Finance has announced that Goldman Sachs has agreed to pay a record US$3.
BNM: Loan 'restructuring and rescheduling' upon repayment moratorium expiry
KUALA LUMPUR (July 24): Bank Negara Malaysia (BNM) has told analysts that upon expiry of the loan repayment moratorium by end-September 2020, banks in the country will not extend the scheme but will continue to offer targeted financial assistance in the form of restructuring and rescheduling (R&R) to borrowers who continue to face repayment issues.
Ex-spy chief trial: Prosecution thinking of summoning foreign protected witnesses
KUALA LUMPUR (July 23): The prosecution in former Malaysian External Intelligence Organisation (MEIO) director-general Datuk Hasanah Abdul Hamid's (pictured) criminal breach of trust (CBT) case informed the High Court of the possibility of calling protected foreign witnesses to testify in the trial.
Majority of Asia Pacific employees eyeing office return, says JLL
KUALA LUMPUR (July 23): Employees across Asia Pacific have adapted to extensive work-from-home arrangements, but most are eager to return to the office, according to JLL.
IWH-CREC gets extension to settle RM1.1b outstanding Bandar Malaysia acquisition deposit
KUALA LUMPUR (July 22): TRX City Sdn Bhd, a wholly-owned unit of the Minister of Finance Inc, has given IWH-CREC Sdn Bhd a four-and-a-half-month extension to pay the balance RM1.
Air fares expected to return to normal by November — transport minister
KUALA LUMPUR (July 21): The Malaysian Aviation Commission (Mavcom) expects airfares on domestic routes to return to 2019 levels by November this year as available seating capacity is projected to return to normal, subject to the development of the Covid-19 pandemic, said Transport Minister Datuk Seri Dr Wee Ka Siong (pictured).
Muji Singapore and Malaysia business not affected by US bankruptcy protection filing
PETALING JAYA (July 21): Japanese homewares and lifestyle retailer Muji said that its business in Singapore and Malaysia will operate as usual despite the United States arm filing for bankruptcy protection, reported Channel News Asia.
First A&W retro concept store opens at Seventeen Mall, PJ
PETALING JAYA (July 20): A&W Malaysia has opened its latest outlet at Seventeen Mall in Section 17, PJ with a retro-themed concept.
MoF: Goldman Sachs reps in Malaysia to discuss 1MDB settlement deal
KUALA LUMPUR (July 20): Senior representatives of Goldman Sachs Group Inc have flown into Malaysia this week to continue its discussions with the Malaysian government on the repatriation of 1Malaysia Development Bhd (1MDB) funds and assets into the country, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
Property sector 'neutral' despite challenging outlook, says AmInvestment Bank
KUALA LUMPUR (July 20): AmInvestment Bank Bhd (Ambank) maintained its “neutral” view on the property sector as its outlook for the next 12 months remains challenging due to the onset of the Covid-19 pandemic and the resulting Movement Control Order (MCO) to control its spread that has halted economic activities for almost two months.
