Malaysia

PETALING JAYA – US investment bank Goldman Sachs and Malaysia has agreed for a US$3.9 billion settlement over the multibillion-dollar 1MDB corruption scheme. According to Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Azi, the group also agreed for the cash payment in order to resolve outstanding charges and claims related to the three bond transactions that Wall Street bank …

PETALING JAYA – Former prime minister Dr Mahathir Mohamad has hinted that if the court decision on Aug 7 regarding his removal from Bersatu did not go in his favour, he might form a new political party. The former prime minister said that if they were to be expelled from the party, he might have to consider having another party.   …

KUALA LUMPUR – Pemod Nasional Bhd (PNB) launches a micro-investing mobile application known as Raiz, the country’s first ever spare change investing app in an effort to bring greater awareness of the importance of savings and investing. According to PNB president and group CEO Ahmad Zulqarnain Onn, the concept was in line with PNB’s effort to empower and encourage Malaysians …

KUALA LUMPUR – Former prime minister Datuk Seri Najib Abdul Razak has ordered by High Court to pay the government RM1.69 billion in additional taxes and penalties. High Court Judge Justice Datuk Ahmad Bache today stated that Najib will have to pay the amount to the IRB which also awarded RM15,000 in cost. According to the Bache, under the Income …

PETALING JAYA – Wearing face masks in public areas and public transport will be made mandatory starting August 1, Senior Minister (Security) Datuk Seri Ismail Sabri Yaakob said in a statement. The Senior Minister said that non compliance with the new law will result to being fined or prosecuted in court. The government decided to make the wearing of face …

PETALING JAYA – Former Finance Minister Lim Guan Eng has invited by the Malaysian Anti-Corruption Commission (MACC), likely over the alleged RM6.3bil Penang undersea tunnel project. Former Finance Minister arrived at the MACC headquarters at 1.05pm today. He was accompanied by Puchong MP Gobind Singh Deo and Jelutong MP RSN Rayer. The MACC investigators have so far questioned several dozen …

PETALING JAYA – Senior Minister for Security Ismail Sabri Yaakob today announced today that travellers coming from overseas will have to go mandatory quarantine at hotels and designated centers starting Friday. Setiap warganegara Malaysia & 4 kategori warga asing yg dibenarkan pulang ke Malaysia mulai Jumaat ini mesti menjalani kuarantin wajib 14 hari di pusat-pusat kuarantin yg ditetapkan dan tidak …

KUALA LUMPUR – If the government decides to convert some of the hotels into a quarantine centres one again, it will suffer more losses, says Malaysian Associations of Hotels (MAH). MAH Chief Executive Officer Yap Lip Seng said that if the government went ahead with the plan of converting hoteles to quarantine facilities for Malaysians returning from abroad, The industry …

KUALA LUMPUR – Malaysia and Singapore are expected to sign an agreement on the much delayed light rail project linking Johor Baru with neighbouring Singapore on July 30, Malaysian Transport Minister Wee Ka Siong announced on Tuesday. The Rapid Transit System (RTS) Link was suspended last year due to former Prime minister Mahathir Mohamad promise to review major infrastructure deals. …

PETALING JAYA – Prime Minister Tan Sri Muhyiddin Yassin will be delivering a special announcement today at 4PM, concerning the latest developments and updates on the recovery movement control order (RMCO). The special announcement will be broadcasted live today through local TV stations Radio Televisyen Malaysia (RTM), Bernama TV, TV3 and Astro Awani RMCO was announced by the prime minister …