Malaysia – Former Bank Negara Malaysia (BNM) governor Tan Sri Zeti Akhtar Aziz and other individuals were revealed in the recent 1MDB trial, and DAP secretary general Lim Guan Eng requested Malaysian authorities to undertake a complete probe against them. According to a report by news portal Free Malaysia Today, this came after former banker and prosecution star witness Tim …

Malaysia – Global Royalty Trading SAL, a Lebanese jewelry company, will re-file a lawsuit against Datin Seri Rosmah Mansor, suing for damages for 43 pieces of jewelry worth US$14.57 million (RM61 million) that are purportedly still in her possession. When contacted after case management before High Court Judge Datuk Muhammad Jamil Hussin, Global Royalty’s attorney Datuk David Gurupatham confirmed the …

The regulation of Lembaga Tabung Haji (TH) under Bank Negara Malaysia (BNM) is an interim solution and will not change the original nature of TH as a superior agency especially in the management of pilgrims to fulfil the fifth pillar of Islam as stipulated under the Tabung Haji Act 1995 (Act 535), the Ministry of Finance (MoF) said. It said …

The police’s investigation on the alleged receipt of 1MDB funds involving the husband of Bank Negara Malaysia (BNM) ex-governor Tan Sri Zeti Akhtar Aziz is about to be concluded. Reports say that according to Bukit Aman Criminal Investigation Department director Kamaruddin Md Din, only a few more documents are needed by the police before concluding their investigations. Kamaruddin said that …

According to an economist, there is no need to be alarmed because of the Bank Negara Malaysia’s (BNM) projection of headline inflation increasing to 5% in the second quarter of 2021. Malaysia University of Science and Technology Professor Geoffrey Williams said that core inflation was expected to remain between 0.5% and 1.5% while non-oil inflation was more likely to be …

For many Malaysians the declaration of the 6-month automatic deferment of all loans by Bank Negara Malaysia (BNM) has been greeted with relief. At a time when work stability in Malaysia and across the globe is inexistent, the decision to give no fines for failure to pay off a significant monthly contribution is also a good news. However, a bit …