Malaysia

KUALA LUMPUR – Parti Keadilan Rakyat (PKR) has announced today that it has instructed its lawyers to send letters of demand to 20 former MPs and assemblyman demanding a sum of RM10 million for abandoning the party. In a statement released today, PKR treasurer-general Lee Chean Chung said that the amount is for the compensation signed by the lawmakers for …

KUALA LUMPUR – Former prime minister Tun Dr Mahathir Mohamad, in his personal blog insisted that the country was entitled to as much as US$9.6 billion from US investment bank Goldman Sachs in relation to the controversial bond issuance for 1MDB. Mahathir said that the US$2.5 billion (RM10.6 billion) settlement were no where near the amount the country was owed …

KUALA LUMPUR – Ex Prime Minister Datuk Seri Najib Razak has been found guilty by the High Court today of all seven charges linked to the multibillion-dollar 1MDB scandal. Najib become’s the first Malaysian leader to be found guilty of graft and corruption. A monumental conviction that can lead to decades of imprisonment. High Court Judge Mohd Nazlan Ghazali handed …

JOHOR BARU –  Cross-border travel between the  two countries under the Reciprocal Green Lane (RGL) and Periodic Commuting Arrangement (PCA) is allowed from Aug 17, following a historic meeting between Malaysia and Singapore in The Causeway. Foreign Minister Datuk Seri Hishammuddin Hussein met Dr Vivian Balakrishnan and both announced a joint statement that both countries will be allowing cross-border travel …

PETALING JAYA – The Malaysian High Court will deliver its verdict in Ex-PM Najib Razak’s 1MDB corruption scandal on Tuesday (July 28), 16 months after the investigation began in the multi-billion-dollar 1Malaysia Development Berhad (1MDB) scam. Najib is currently facing three cases with the involvement of plundering the fund that help Pakatan Harapan defeat his long-ruling coalition from power in …

KUALA LUMPUR – PKR President Datuk Seri Anwar Ibrahim said today, that PKR is ready for snap elections if one is called soon. Anwar said that all matters of the general election, the decision will be entirely to the prime minister. However he reiterated that the party is ready. Their machinerary even for Negri Sembilan is now ready for use. …

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 …