KUALA LUMPUR : A former 1Malaysia Development Berhad (1MDB) chief financial officer related in the High Court today (Nov 18) … More
Category: Business
‘Toothless tigers?’: Ex-director says 1MDB board was given misleading info, and ‘used’ to make transactions look legitimate
KUALA LUMPUR : The 1Malaysia Development Berhad (1MDB) board had been “used” in order to make the government-owned company’s transactions … More
Najib’s 1MDB trial: Ex-director Ismee says he was worried over decisions made, submitted resignation letter in 2015 but was rejected
KUALA LUMPUR : Tan Sri Ismee Ismail told the High Court today that he wanted to quit as a board … More
Ex-Japan PM Abe to visit Malaysia as special envoy
TOKYO (Kyodo) : Former Japanese Prime Minister Shinzo Abe is set to visit Malaysia as a special envoy, a source … More
Ex-1MDB director Ismee: Once Najib pre-signs approvals, board also signs without asking much
KUALA LUMPUR : The government-owned 1Malaysia Development Berhad’s (1MDB) directors would sign off on key decisions such as investments without … More
‘We’ve already pushed the button’: How 1MDB’s predecessor TIA continued RM5b fundraising despite Terengganu Sultan’s request to defer
KUALA LUMPUR : The Terengganu ruler Sultan Mizan Zainal Abidin had wanted Terengganu Investment Authority (TIA) — the predecessor of … More
Ex-1MDB director Ismee: Directors dare not ignore Jho Low’s emails because of close ties to Najib
KUALA LUMPUR : Now-fugitive Low Taek Jho had continued to work behind the scenes in 1Malaysia Development Berhad (1MDB), as … More
Forest City enters list of world’s ‘most useless’ megaprojects
China-funded project ‘too politically challenged’, says YouTube video by Top Luxury channel KUALA LUMPUR – Malaysia’s controversial Forest City has been … More
Sudden rout wiped US$400b from combined crypto market — report
KUALA LUMPUR : The sudden crypto price crash earlier this week wiped around US$400 billion (about RM1.67 trillion) from the … More
Ex-1MDB CFO says didn’t know millions given to fake Aabar, as same address shared with real Aabar
KUALA LUMPUR : The former chief financial officer of 1Malaysia Development Berhad (1MDB) today told the court that he was … More
Ex-CFO: 1MDB’s US$3b debt partially used for ‘donations’ to two 1Malaysia foundations
KUALA LUMPUR : A debt of US$3 billion that a 1Malaysia Development Berhad (1MDB) subsidiary took on was never used … More
Ex-1MDB CFO: Jho Low told Najib not to say much to KPMG, gave instructions on what to say
KUALA LUMPUR : Now-fugitive Low Taek Jho had in a 2013 email instructed then prime minister Datuk Seri Najib Razak … More
Stalled negotiation over pricing issue likely to delay Malaysia’s 5G roll-out
THERE is an element of truth in a recent claim by newswire Reuters that “none of Malaysia’s major mobile carriers … More
Hishammuddin: Royal Malaysian Navy to receive first littoral combat ship in 2025
KUALA LUMPUR : The Royal Malaysian Navy (RMN) would receive its first Littoral Combat Ship (LCS) in 2025, said Senior … More
Ex-CEO: RM49m that 1MDB borrowed ended up in Najib’s account
KUALA LUMPUR : A total of RM49 million originating from bank loans taken by 1Malaysia Development Berhad (1MDB) wound up … More
Report: Prosecutor not calling Nazir Razak to testify in 1MDB trial despite claims in book
KUALA LUMPUR : Former banker Tan Sri Nazir Razak will not be called to testify as a prosecution witness in … More
1MDB replaced auditor KPMG after PM Najib called me personally, says ex-CEO
KUALA LUMPUR : Audit firm KPMG was removed as 1Malaysia Development Berhad’s (1MDB) auditor following pressure from then prime minister … More
AirAsia X says it will give travel credits to passengers affected by its debt restructuring
KUALA LUMPUR : AirAsia X (AAX) has given assurance that it will put in place travelling privileges in the form … More
Cabotage policy: Malaysia justified in protecting local shippers
Malaysia is justified in protecting local shippers under its cabotage policy as it also gives leeway for participation by foreign … More
DNB dismisses claims it is not meeting telcos’ technical and security requirements in 5G roll-out
KUALA LUMPUR : Digital Nasional Bhd on Saturday (Nov 13) dismissed claims that it is not meeting all the technical … More
Malaysia national 5G network: Harder than it looks
The single national network is an attractive concept but inevitably brings a whole new set of problems; just ask anyone … More
DNB disputes Reuters report, says yet to start 5G talks with telcos
KUALA LUMPUR : Digital Nasional Berhad (DNB) said it has not begun formal negotiations with local telecommunications firms for access … More
Malaysia opposition MPs urge review of 5G plan after Reuters report
KUALA LUMPUR (Reuters) : Two Malaysian opposition lawmakers on Thursday called on the government to review plans for a state-owned … More
Ex-CFO: Najib signed letter of support to guarantee 1MDB subsidiary’s US$3b debt in hasty fundraising, despite MoF misgivings
KUALA LUMPUR : Former finance minister Datuk Seri Najib Razak had in 2013 signed off a crucial letter of support … More